Tongling Nonferrous updates on share repurchase program progress

Tongling Nonferrous Metals Group has provided an update on its share repurchase program, which commenced following approvals in September 2024. The company plans to repurchase shares using proprietary funds via centralized bidding, with the repurchased shares earmarked for conversion into company bonds. The total repurchase amount is set to be no less than 200,000,000.00 yuan and no more than 300,000,000.00 yuan, with a maximum repurchase price of 4.60 yuan per share.

As of August 31, 2025, the company has repurchased 41,450,300 shares through its dedicated securities account, representing 0.32% of its total share capital. The highest price paid was 4.20 yuan per share, and the lowest was 2.87 yuan per share. The total transaction value reached 144,600,700.00 yuan, excluding transaction fees.

The company’s share repurchase activities adhere to all relevant laws and regulations. The repurchase price limit was adjusted to 4.50 yuan per share on June 23, 2025, following the implementation of the 2024 annual equity distribution plan. Tongling Nonferrous will continue to execute its repurchase plan within the specified timeframe, ensuring timely information disclosure to investors.