Zhitong Finance App News, Shougang Langze (02553) announced that the board of directors met on November 9, 2026 and resolved to request the company's shareholders to grant general authorization to the board of directors at the company's extraordinary shareholders' meeting to repurchase some of the company's H shares in accordance with relevant domestic and foreign laws and regulations, the “Hong Kong Stock Exchange Limited Securities Listing Rules” and the “Code for Company Acquisitions, Mergers and Share Repurchases”.

The source of funding for this repurchase is the company's own funds. According to the H share repurchase authorization, the total number of H shares that the company can repurchase must not exceed 5% of the total number of H shares issued (excluding treasury shares) on the day the EGM passes the relevant resolution.

The board of directors also believes that the company's current financial resources enable it to implement the H share repurchase while maintaining a sound financial situation, and that the H share repurchase will not have a significant adverse impact on the company's working capital requirements or capital debt level.

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