China Metallurgical announced that on July 17, the company repurchased 3,332 million shares on the Hong Kong Stock Exchange at a price of HK$1.49-1.52, with a total cost of HK$4.9993 million; on the Shanghai Stock Exchange, the price per share was $2.62 to 2.65, with a total cost of $1999.66 million. The total number of shares the company can repurchase under the repurchase authorization is 284 million shares, and 24.733 million shares have been repurchased, accounting for 0.87%.

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