China Metallurgical (601618.SH) plans to repurchase A-shares for 1 billion yuan to 2 billion yuan

Zhitong Finance App News, China Metallurgical (601618.SH) announced that the company plans to buy back some A shares and H shares through centralized bidding transactions. Among them, the repurchase amount of A-shares is not less than RMB 1 billion (inclusive) and not more than RMB 2 billion (inclusive); the number of H shares repurchased does not exceed 10% of the total number of H shares issued on the day the bill granting authorization to repurchase H shares was reviewed and approved at the relevant shareholders' meeting, and the repurchase amount is not more than RMB 500 million. The repurchased A-share price does not exceed RMB 4.90 per share. The repurchased shares will be used to cancel and reduce the company's registered capital.