Pangang Vanadium & Titanium Co., Ltd. Share Repurchase Progress: Spent 101 million yuan to repurchase 36.35M shares, accounting for 0.39% of the total share capital

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Pangang Group Vanadium & Titanium Resources Co., Ltd. (hereinafter referred to as “Pangang Vanadium Titanium”) announced the progress of share repurchase on April 3, 2026. It disclosed that as of March 31, 2026, the company had completed part of its share repurchase through centralized bidding transactions, with a total expenditure of approximately 101 million yuan, and a total of 36,354,559 shares repurchased, accounting for 0.39% of the company’s current total share capital.

Background of the Repurchase Plan

According to the announcement, Pangang Vanadium Titanium held the 23rd meeting of the 9th Board of Directors on April 21, 2025, and approved the share repurchase plan. Under the plan, the company intends to use its own funds to repurchase some A-shares through centralized bidding transactions for the purpose of implementing equity incentives. The total repurchase amount ranges from no less than 100 million yuan (inclusive) to no more than 200 million yuan (inclusive), with a repurchase price not exceeding 4.30 yuan per share. The repurchase period is within 12 months from the date the Board approves the plan, i.e., until April 21, 2026.

Details of the Repurchase Progress

As of March 31, 2026, the implementation status of Pangang Vanadium Titanium’s repurchase is as follows:

The announcement pointed out that the time, quantity, price, and centralized bidding transaction entrustment period for the above repurchased shares all comply with the requirements of the “Rules for Share Repurchase of Listed Companies,” “Shenzhen Stock Exchange Listing Company Self-Regulatory Guidelines No. 9 — Share Repurchase,” and other relevant laws and regulations. The company did not conduct repurchases during major decision-making and disclosure periods, on days with price limit restrictions, or during prohibited periods, and the entrusted price did not reach the daily price limit.

Follow-up Plans and Risk Reminder

Pangang Vanadium Titanium stated that it will continue to implement this repurchase plan within the remaining period based on market conditions and will fulfill its information disclosure obligations in a timely manner according to relevant regulations. The company reminds investors to pay attention to investment risks.

This repurchase reflects the company’s confidence in its future development prospects and recognition of its value. By repurchasing shares for equity incentives, it helps further improve the corporate governance structure, motivate the core team, and promote the company’s long-term stable development.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express