Pangang Group Vanadium Titanium initiates share repurchase

Pangang Group Vanadium Titanium & Resources (SZSE:000629) announced its first share repurchase on April 29, 2025, using its own funds. The company repurchased 3,800,000 shares through centralized bidding on the Shenzhen Stock Exchange, representing 0.04% of the current total share capital. The repurchase price was CNY2.57 per share, with a total expenditure of CNY9,766,000 (excluding transaction fees). This repurchase aligns with the previously approved plan to repurchase shares worth between CNY100,000,000 and CNY200,000,000 at a price not exceeding CNY4.30 per share. The company confirmed that the timing and method of the repurchase comply with relevant regulations. Pangang Group Vanadium Titanium & Resources will continue to implement the repurchase plan, subject to market conditions.