Beijing Shougang adjusts stock repurchase price, updates risk controls

Beijing Shougang (SZSE:000959) announced adjustments to the repurchase price of its restricted stock under the 2021 incentive plan, following the company's completion of its 2024 annual profit distribution. The decision was made at the 15th meeting of the 8th Board of Supervisors. The adjustments comply with regulatory guidelines and the company's incentive plan, ensuring no detriment to shareholder interests. Concurrently, at the 18th meeting of its 8th Board of Directors, Beijing Shougang approved revisions to its risk control manual, aiming to enhance the effectiveness and management of risk controls, thereby safeguarding the company's strategic objectives. The risk control revisions optimize the framework and update control matrices for closer alignment with actual conditions, more effective content, and greater focus.