Lomon Billions completes subsidiary equity repurchase, changes pledge status

Lomon Billions Group (SZSE:002601) has completed the repurchase of shares in its subsidiary, Yunnan Guotai Metal Co., Ltd., from 19 strategic investors for a total of CNY25.97 billion, which includes the original share price of CNY22.72 billion and CNY3.25 billion in usage fees. As a result, Lomon Billions and its subsidiary, Lufeng Titanium, now hold 83.3238% of Yunnan Guotai, up from 50.9960%. The repurchased shares have been redistributed to the two parent entities.