Hunan Valin Steel advances share repurchase program, buying 42 million shares

Hunan Valin Steel Co., Ltd. announced that as of September 30, 2025, it had repurchased 42,061,479 shares through its dedicated securities account via centralized bidding. This accounts for approximately 0.6088% of the company's total share capital of 6,908,632,499 shares. The repurchase was executed with a highest transaction price of 5.27 yuan/share and a lowest transaction price of 4.41 yuan/share, totaling 201,216,217.75 yuan (excluding transaction fees).

The company's board of directors and supervisors approved the share repurchase plan earlier this year, with an Extraordinary General Meeting on February 14, 2025, authorizing the use of 200 million yuan to 400 million yuan of proprietary or self-raised funds. The repurchase price was not to exceed 5.80 yuan/share, and the repurchased shares are intended for cancellation to reduce the company's registered capital.

The repurchase activities have adhered to regulatory requirements regarding timing, volume, and pricing, avoiding specific blackout periods and conforming to the Shanghai and Shenzhen stock exchange guidelines. Hunan Valin Steel intends to continue implementing the repurchase plan within the approved 12-month timeframe. Investors are advised to monitor future disclosures for updates on the program's progress.