China MCC (01618.HK) plans to repurchase up to 2 billion A shares and 500 million H shares.

China Metallurgical Group (01618.HK) announced that in order to effectively protect the interests of shareholders, enhance investor confidence, further stabilize and increase the company's value, the company plans to repurchase some A-shares and seek authorization from the shareholders' meeting to authorize the board of directors to repurchase some H-shares. The A-share repurchase plan will result in the cancellation and reduction of the company's registered capital. The total amount of funds for the A-share repurchase plan shall not be less than RMB 1 billion (inclusive) and shall not exceed RMB 2 billion (inclusive). The upper limit of the A-share repurchase price shall not exceed 150% of the average trading price of the company's A-shares in the 30 trading days before the board of directors' resolution to repurchase shares, which is RMB 4.90 per share. The amount of the H-share repurchase in this round shall not exceed RMB 500 million. The H-shares repurchased in accordance with the authorization will all be cancelled and the company's registered capital will be reduced.