Baogang Shares Buyback Progress: Has spent 138 million yuan to repurchase 57.5141 million shares, accounting for 0.127% of the total share capital

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On April 7, 2026, Inner Mongolia Baotou Steel Rare Earth Co., Ltd. (hereinafter referred to as “Baotou Steel”) released an announcement on the progress of share repurchase, disclosing the implementation status as of March 31, 2026. The announcement shows that the company has repurchased a total of 57.5141 million shares, accounting for 0.127% of the total share capital, with a total expenditure of 138 million yuan, and a repurchase price range of 1.79 yuan/share to 2.72 yuan/share.

Basic Information of the Repurchase Plan

Baotou Steel first disclosed the share repurchase plan on April 19, 2025, clarifying that the implementation period is from May 22, 2025, to May 21, 2026. The plan is to use self-owned funds and a dedicated loan for share repurchase, via centralized bidding transactions, with a total repurchase fund range of 100 million yuan (inclusive) to 200 million yuan (inclusive). All repurchased shares will be canceled and used to reduce the company’s registered capital.

Progress of the Repurchase Implementation

As of March 31, 2026, Baotou Steel has repurchased a total of 57.5141 million shares through centralized bidding transactions, accounting for 0.127% of the company’s total share capital. The highest price for this repurchase was 2.72 yuan/share, and the lowest was 1.79 yuan/share. The total amount paid was 138.4777 million yuan (excluding commissions, fees, and other transaction costs). The announcement emphasizes that the repurchased shares comply with laws, regulations, normative documents, and the company’s share repurchase plan.

Follow-up Arrangements

Baotou Steel stated that it will strictly follow the “Rules for Share Repurchase of Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shanghai Stock Exchange No. 7—Share Repurchase,” and other relevant regulations. During the repurchase period, it will make buyback decisions based on market conditions and implement them accordingly. It will also fulfill its information disclosure obligations in a timely manner based on the progress of the share repurchase.

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Editor: Xiao Lang Express