Tongling Nonferrous Metals announces share repurchase progress

Tongling Nonferrous Metals Group (SZSE:000630) announced the progress of its share repurchase program, initially approved in September 2024. As of June 30, 2025, the company repurchased 29,505,500 shares, representing 0.23% of the total share capital. The repurchases were executed through a dedicated securities account using centralized competitive bidding, with the highest transaction price at CNY3.39 per share and the lowest at CNY2.87 per share. The total expenditure for the repurchased shares amounted to CNY94,460,820. The company stated that the repurchase activities comply with relevant laws, regulations, and the company's established repurchase plan, which aims to repurchase shares for conversion into corporate bonds. The repurchase program, with a budget ranging from CNY200 million to CNY300 million, remains ongoing.