Angang Steel: Share capital stable in September 2025

Angang Steel Company Limited announced its monthly return of changes in securities for the month ended September 30, 2025, revealing a stable share capital. As of the end of September 2025, the company's total issued H-shares remained at 1,411,540,000, with a registered share capital of RMB 1,411,540,000. Similarly, the issued A-shares stood at 7,957,681,258, corresponding to a registered share capital of RMB 7,957,681,258. No increases or decreases were reported for either H-shares or A-shares during the period. The total registered share capital at the end of the month was RMB 9,369,221,258.

The announcement also provided historical context on A-share repurchases and restricted share unit changes. Notably, from December 10 to December 24, 2020, the company repurchased 52,450,023 A-shares, some of which were later used for a restricted stock incentive scheme. Subsequent repurchases and cancellations of A-shares have occurred periodically, including 2,229,750 A-shares in February 2022, and further cancellations of 1,356,000 A-shares, 450,000 A-shares, and 234,931 A-shares in February 2023 due to incentive conditions not being met.

Recent activities include the cancellation of 1,098,670 A-shares and 29,700 A-shares in July 2023, along with 408,623 A-shares from the company's dedicated repurchase account. In December 2023, 15,370,971 restricted A-shares and 219,584 A-shares were repurchased and cancelled. Looking ahead, the company expects to repurchase and cancel 450,666 A-shares in July 2024 and 14,180,048 restricted A-shares in February 2025, citing unmet incentive conditions.