Hunan Valin Steel continues share buyback, repurchases 42m shares

Hunan Valin Steel Company Limited has announced the latest progress in its share repurchase program, initially approved on January 20, 2025. As of August 31, 2025, the company has cumulatively repurchased 42,061,479 shares through a centralized bidding system, representing 0.6088% of its total share capital of 6,908,632,499 shares.

The repurchases were executed within the approved price range, with the highest transaction price recorded at CNY 5.27 per share and the lowest at CNY 4.41 per share. The total transaction value for these repurchases amounted to CNY 201,216,217.75, excluding transaction fees. The funds utilized for this program are sourced from the company's own capital and self-raised funds.

This buyback aligns with Hunan Valin Steel's approved plan to repurchase shares using between CNY 200,000,000 and CNY 400,000,000 of its own funds, at a maximum price of CNY 5.80 per share. The repurchased shares are intended for cancellation to reduce the company's registered capital, with the program's deadline set for no more than 12 months from the shareholder meeting approval.