Pangang Vanadium Titanium announces share repurchase plan

Pangang Group Vanadium Titanium & Resources (SZSE:000629) announced that Chairman Ma Chaohui has proposed a share repurchase program to enhance shareholder value and investor confidence. The repurchase will be executed through centralized bidding via the Shenzhen Stock Exchange, utilizing funds between CNY 10,000 and CNY 20,000. The repurchased shares are intended for purposes permitted by laws and regulations, such as employee stock ownership plans. The repurchase price will not exceed 150% of the average trading price of the company's shares in the 30 trading days prior to the board's approval of the repurchase resolution.