Luoyang Molybdenum Industry announced that it plans to repurchase A-shares through centralized bidding transactions. The total repurchase capital is RMB 1 billion to RMB 2 billion, and the repurchase price will not exceed 22.78 yuan/share. The purpose of the repurchase of shares is necessary to protect the company's value and shareholders' rights. According to the upper limit of the repurchase amount, the estimated number of shares to be repurchased is 87.7963 million shares, accounting for 0.41% of the company's total share capital; based on the lower limit of the repurchase amount, the estimated number of shares to be repurchased is 43.8982 million shares, accounting for 0.21% of the company's total share capital. The repurchase period is 3 months from the date the board of directors reviews and approves the repurchase plan. The source of funds is own funds or self-financing.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.