China Metallurgical (01618) plans to repurchase no more than 2 billion yuan of A shares and 500 million yuan of H shares

Zhitong Finance App News, China Metallurgical (01618) announced that in order to effectively protect shareholders' rights and interests, effectively enhance investor confidence, and further stabilize and enhance the company's value, the company plans to repurchase some A shares and seek an authorization from the shareholders' meeting to authorize the company's board of directors to repurchase some of the company's H shares. All A shares repurchased under the A-share repurchase plan will be cancelled and the company's registered capital reduced. The total capital of the A-share repurchase program is not less than RMB 1 billion (inclusive) and not more than RMB 2 billion (inclusive). The upper limit of the A-share repurchase price does not exceed 150% of the average transaction price of A-shares of Japanese companies in the 30 transactions before the Board of Directors of the Company passed the share repurchase resolution, or RMB 4.90 per A share. The current H share repurchase amount is no more than RMB 500 million. All H shares repurchased by the company under the H share repurchase authorization will be cancelled and the registered capital of the company will be reduced.