TianShan Aluminum plans share repurchase with loan and funds

TianShan Aluminum Group Co., Ltd. (SZSE:002532) announced plans to repurchase the company's A-shares using both dedicated loan and its own funds. The total capital allocated for the repurchase will range from CNY 200 million to CNY 300 million. Based on the repurchase price not exceeding CNY 10 per share, the company anticipates buying back approximately 30 million shares, representing 0.64% of the company's current total share capital. The repurchased shares will be used for employee stock ownership or equity incentive plans within 36 months. The company has secured a loan commitment of CNY 270 million from Industrial and Commercial Bank of China Xinjiang Uygur Autonomous Region Branch with a term of no more than 3 years.