Tongling Nonferrous adjusts share repurchase and conversion prices

Tongling Nonferrous Metals Group (SZSE:000630) announced adjustments to its share repurchase program and convertible bond terms following its 2024 annual equity distribution, approved May 21, 2025. The repurchase price cap is adjusted from CNY 4.60 to CNY 4.50 per share, effective June 23, 2025. This adjustment stems from the company's decision to distribute a cash dividend of CNY 1.00 per 10 shares. The company intends to repurchase shares worth between CNY 200 million and CNY 300 million to be used for the conversion of the company’s bonds.