Pangang Vanadium Titanium announces share repurchase plan

Pangang Group Vanadium Titanium & Resources (SZSE:000629) announced plans to repurchase its own A-shares through centralized bidding, with the repurchased shares earmarked for an employee stock ownership plan. The total repurchase amount will range from CNY100 million to CNY200 million, at a price not exceeding CNY4.30 per share. The repurchase period will last for 12 months from the date of the board's approval on April 21, 2025. According to the Repurchase Report, the company confirms that its directors, supervisors, senior management, controlling shareholders, actual controllers, or those acting in concert, have no intention to reduce their holdings during the repurchase period, with one exception. The controlling shareholder, Pangang Group, plans to increase its holdings of the company's shares between CNY5 million and CNY10 million over the next 6 months. On April 29, 2025, the company executed its initial repurchase, buying back 3,800,000 shares at CNY2.57 per share, totaling CNY9,766,000. This initial buyback represents 0.04% of the company’s total share capital. The company affirmed that the buyback activities align with relevant regulations and its established repurchase plan.