Pangang Group nears completion of $100m share buyback program

Pangang Group Vanadium Titanium & Resources Co., Ltd. announced progress on its share buyback program, revealing that as of October 31, 2025, it had repurchased 36,354,559 shares, representing 0.39% of the company's total share capital. The buyback was executed via concentrated bidding through the Shenzhen Stock Exchange trading system.

The total transaction amount reached $100,982,925.66 (excluding transaction fees). The highest price paid for a share was $2.96, while the lowest was $2.57. This share repurchase is part of a scheme approved by the company's ninth board of directors on April 21, 2025, which aimed to use its own funds to repurchase shares for future equity incentives. The initial plan set a total buyback amount between $100 million and $200 million, with a maximum price of $4.30 per share.

The buyback aligns with the company's stated intention to use repurchased shares for equity incentives, adhering to the approved resolution and relevant regulatory guidelines. The company confirmed that all repurchases were conducted in compliance with applicable laws, regulations, and its own buyback plan, including restrictions on trading periods and pricing.