Pangang Vanadium Titanium repurchases shares for equity incentive plan

Pangang Group Vanadium Titanium & Resources (SZSE:000629) announced the progress of its share repurchase program, initially approved on April 21, 2025, for implementing an equity incentive plan. As of April 30, 2025, the company repurchased 3,800,000 shares through centralized competitive bidding, representing 0.04% of the company's total share capital. The repurchase price averaged CNY 2.57 per share, with a total expenditure of CNY 9,766,000 excluding transaction costs. The funds for the repurchase came from the company's own capital. The company stated that the repurchases complied with relevant laws, regulations, and the company's repurchase plan. The company will continue to implement the repurchase plan within the stipulated period, depending on market conditions.