Metallurgical Corporation of China (601618.SH) plans to repurchase A shares worth 1 billion to 2 billion yuan.

China Metallurgical Corporation Limited (601618.SH) announced that the company plans to repurchase some of its A shares and H shares through centralized competitive bidding. The amount for the repurchase of A shares shall not be less than RMB 1 billion (inclusive) and not more than RMB 2 billion (inclusive); the number of repurchased H shares shall not exceed 10% of the total number of H shares issued on the day when the relevant resolution granting the repurchase of H shares was approved at the shareholders' meeting, and the repurchase amount shall not exceed RMB 500 million. The repurchase price of A shares shall not exceed RMB 4.90 per share, and the repurchased shares will be used for cancellation and reduction of the company's registered capital.