Hunan Valin Steel progresses share repurchase, acquires 43m shares

Hunan Valin Steel Company Limited announced the latest progress in its share repurchase program, revealing that as of November 30, 2025, it had cumulatively repurchased 43,481,479 shares. This represents approximately 0.6294% of the company's total share capital of 6,908,632,499 shares.

The repurchases were executed at a highest price of CNY 5.60 per share and a lowest price of CNY 4.41 per share, with a total transaction value of CNY 209,143,503.95 (excluding transaction fees). The company initially approved a plan to repurchase between 34,482,800 and 68,965,500 shares, representing 0.50% to 1.00% of its total share capital, using its own or self-raised funds ranging from CNY 200m to CNY 400m, at a price not exceeding CNY 5.80 per share.

The board of directors and supervisors approved the share repurchase proposal on January 20, 2025, followed by shareholder approval at an extraordinary general meeting on February 14, 2025. The repurchased shares are intended for cancellation to reduce the company's registered capital. Hunan Valin Steel assured that all repurchase activities comply with relevant regulations, and it will continue to implement the plan within the 12-month period.