Zhengzhou Coal Mining Machinery Group (00564) plans to repurchase 500 million to 600 million yuan of A shares.

Zhengzhou Coal Mining Machinery Group (00564) announced that the board of directors has approved the company to repurchase a portion of its issued Renminbi ordinary shares (A shares) through the Shanghai Stock Exchange trading system using the company's own funds and self-raised funds in a centralized bidding trading manner, and to use the repurchased shares for the company's equity incentive or employee shareholding plan at an appropriate time in the future. The total amount of funds for this share repurchase shall not be less than RMB 500 million and shall not exceed RMB 600 million. The repurchase price shall not exceed RMB 17.00 per share, and the duration of this share repurchase shall be within 6 months from the date the board of directors approved the share repurchase plan.