Yunnan Tin to consider share repurchase plan

Yunnan Tin Industry Co., Ltd. [SZSE:000960] announced that its controlling shareholder, Yunnan Tin Group, has proposed a share repurchase plan to reduce the company's registered capital. The proposed repurchase would be conducted through the Shenzhen Stock Exchange trading system via centralized competitive bidding, using the company's own or self-raised funds. The amount allocated to the buyback will be between CNY 100 million and CNY 200 million. The share repurchase price should be 150% or less of the average price of the company in the 30 days prior to the decision. Yunnan Tin's board will evaluate the proposal and formulate a detailed plan, subject to shareholder approval, and aims to complete the repurchase within 12 months of the shareholder's approval. Yunnan Tin Group directly holds 177,922,654 shares, representing 10.81% of the company's total share capital.