Guocheng Mining announced that the 57th meeting of the 12th board of directors of the company reviewed and approved the share repurchase plan. It is proposed to use 300 to 600 million yuan of own and self-raised funds to repurchase shares for future implementation of employee shareholding and equity incentive plans. The board of directors authorizes management to handle matters relating to repurchases. The authorization period starts from the date the board reviews and approves the plan and ends on the date the authorized matters are processed.

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