Jiangsu Changbao Steeltube announces share repurchase progress

Jiangsu Changbao Steeltube (SZSE:002478) announced the progress of its share repurchase plan, which was initially approved at the company's sixth board meeting on July 25, 2024. As of April 30, 2025, the company has repurchased 6,754,800 shares, representing 0.75% of the company's total share capital. The highest transaction price was CNY 5.42 per share, and the lowest was CNY 4.35 per share, with a total expenditure of CNY 32,500,681.93 (including transaction fees). The company stated that the repurchase activities comply with the previously disclosed repurchase plan and relevant regulations. The shares will be used for employee stock ownership plans or equity incentives. The repurchase period will not exceed 12 months from the date the repurchase plan was approved by the board of directors. The company will continue to implement the repurchase plan based on market conditions.