Tianshan Aluminum plans CNY 200-300m share repurchase

Tianshan Aluminum Group (SZSE:002532) announced plans to repurchase its A-shares using both a dedicated stock repurchase loan and internal funds, with the intention of utilizing the repurchased shares for an employee stock ownership or incentive program. The total funds allocated for the repurchase will range between CNY 200 million and CNY 300 million. The repurchase will be executed through a centralized competitive bidding process via the Shenzhen Stock Exchange. The repurchase price will not exceed CNY 10 per share. The company has secured a loan commitment of CNY 270 million from the Xinjiang Uygur Autonomous Region branch of the Industrial and Commercial Bank of China for this purpose. The repurchase period will span six months from the date of board approval, April 9, 2025. As of April 10, 2025, the top shareholder, Shihezi Jinlong Energy, held 19.63% (913,175,412 shares) and the top 10 unrestricted shares amounted to 22.11% (913,175,412 shares) of the outstanding shares.