Pangang Group Vanadium Titanium continues share repurchase

Pangang Group Vanadium Titanium & Resources (SZSE:000629) announced that it has repurchased 3,800,000 of its own shares in May 2025. This buyback is part of the repurchase plan approved on April 21, 2025, which aims to utilize company funds for potential equity incentives. As of May 31, 2025, the repurchased shares represent 0.04% of the company's total share capital. The average repurchase price was CNY 2.57 per share, with a total transaction value of CNY 9,766,000 (excluding transaction costs). The company stated that the repurchase activities complied with relevant regulations and that it will continue to implement the repurchase plan, while duly fulfilling its information disclosure obligations. The buyback program has a total funding limit of between CNY 100,000,000 and CNY 200,000,000, with a repurchase price not exceeding CNY 4.30 per share.