Yintai Gold announces share repurchase plan up to CNY 200m

Yintai Gold Co., Ltd. (SZSE:000975) announced plans to repurchase shares worth between CNY 100 million and CNY 200 million. The repurchased shares will be cancelled to reduce the company's registered capital. The repurchase price will not exceed CNY 29.70 per share. Funding will come from the company’s own funds and a dedicated repurchase loan. The repurchase, effective for 12 months after shareholder approval, aims to safeguard shareholder interests and boost investor confidence. The company confirmed that no directors, supervisors, senior management, or major shareholders currently plan to reduce their holdings during the repurchase period. The plan is subject to shareholder approval.