Hunan Valin Steel progresses with share buyback program

Hunan Valin Steel Co., Ltd. announced significant progress in its share repurchase program as of October 31, 2025. The company has cumulatively repurchased 42,061,479 shares through a centralized bidding transaction system, representing 0.6088% of its total share capital of 6,908,632,499 shares. The repurchases were executed at a highest price of CNY 5.27 per share and a lowest price of CNY 4.41 per share, with a total transaction value of CNY 201,216,217.75 (excluding transaction fees).

The repurchased shares are intended for cancellation to reduce the company's registered capital. The funding for these repurchases originates from the company's own capital and self-raised funds, adhering to the maximum repurchase price of CNY 5.80 per share outlined in the original plan. The company's board of directors and shareholders approved the buyback scheme on January 20, 2025, and February 14, 2025, respectively, with a commitment to repurchase between CNY 200 million and CNY 400 million worth of shares.

The repurchase activities align with regulatory requirements, ensuring that transactions did not occur during sensitive periods or at prices exceeding the daily trading limits. Hunan Valin Steel confirmed it would continue to implement the repurchase plan within the specified timeframe.