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

MaticHoleFiller · 2026-04-12T21:33:33+00:00

Baogang Shares have repurchased 57.5141 million shares as of March 31, 2026, accounting for 0.127% of the total share capital, at a cost of 138 million yuan. The repurchase plan will be implemented from May 22, 2025, to May 21, 2026, with a funding range of 100 million to 200 million yuan, mainly for canceling shares.

MaticHoleFiller

2026-04-12 21:33:33

Abstract generation in progress

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.

Date of First Disclosure of Repurchase Plan
April 19, 2025
—
Implementation Period of the Repurchase Plan
May 22, 2025, to May 21, 2026
Expected Repurchase Amount
100 million yuan (inclusive) to 200 million yuan (inclusive)
Purpose of Repurchase
Reduce registered capital
Total Shares Repurchased
57.5141 million shares
Percentage of Total Share Capital
0.127%
Total Amount Spent on Repurchase
138.4777 million yuan
Actual Price Range of Repurchase
1.79 yuan/share—2.72 yuan/share

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.

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.

Click to view the original announcement>>

Massive information, precise interpretation, all on Sina Finance App

Editor: Xiao Lang Express

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.