Pangang Group Vanadium Titanium & Resources nears completion of share repurchase

Pangang Group Vanadium Titanium & Resources Co., Ltd. has announced significant progress in its share repurchase program. As of August 31, 2025, the company has repurchased 26,824,559 shares through centralized bidding on the Shenzhen Stock Exchange, representing 0.29% of its total share capital.

The shares were acquired at a maximum price of RMB2.85 per share and a minimum price of RMB2.57 per share. The total transaction amount reached RMB73,859,046.66, excluding transaction fees, utilizing the company's own funds. The repurchase price remains within the approved limit of RMB4.30 per share.

The share repurchase plan, approved on April 21, 2025, aims to utilize a total capital of no less than RMB100 million and no more than RMB200 million for equity incentives. The company reaffirmed its commitment to continuing the repurchase within the 12-month period, adhering to regulatory guidelines and market conditions.