Beijing Shougang begins share repurchase program to boost value

Beijing Shougang Company Limited (SZSE:000959) initiated its first share repurchase on November 4, 2025, acquiring 1,200,000 shares through its dedicated securities account. This initial repurchase represents 0.0155% of the company's current total share capital. The highest price paid per share was yuan4.33, and the lowest was yuan4.21, with a total expenditure of yuan5,111,437.00 (excluding transaction fees).

Funds for this repurchase originate from the company's own capital and a dedicated stock repurchase loan. The repurchase price adheres to the maximum limit of yuan6.50 per share, as outlined in the previously approved plan.

The company plans to continue implementing the program within the approved timeframe, subject to market conditions and available funds. This program, approved by the board of directors on September 29, 2025, and adjusted on October 22, 2025, aims to repurchase between 40m and 80m shares, or 0.52% to 1.03% of its total share capital, for an employee equity incentive plan.