Shougang makes significant progress in share repurchase program

Beijing Shougang Company Limited has announced significant progress in its share repurchase program as of November 30, 2025. The company has repurchased 20,624,916 shares, representing 0.2660% of its total share capital, through centralized bidding. The highest transaction price was RMB 4.66 per share, and the lowest was RMB 4.06 per share. The total amount paid for these repurchases, excluding transaction fees, was RMB 90,422,105.07.

The repurchase aligns with the company's previously approved plan, which outlined a range of 40 million to 80 million shares to be repurchased for an employee equity incentive plan, with a maximum price of RMB 6.50 per share. Funds came from both the company's own capital and specialized stock repurchase loans. Repurchase prices to date have remained below the approved maximum, adhering to the company's scheme and relevant regulations.

The company affirmed that the timing, pricing, and bidding periods for the repurchase adhered to relevant "Rules for the Repurchase of Shares by Listed Companies" and "Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 9—Repurchase of Shares." The company plans to continue its repurchase program within the specified timeframe, subject to market conditions and available funds, while fulfilling its information disclosure obligations.