Nanshan Aluminum has repurchased a total of 120 million yuan worth of shares, accounting for at least 40% of the minimum repurchase amount.

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On April 2, Shandong Nanshan Aluminum Co., Ltd. (hereinafter “Nanshan Aluminum”) released an announcement on the progress of its share repurchase, disclosing its repurchase status as of March 31, 2026. The announcement shows that since the implementation of the share repurchase plan, the company has cumulatively repurchased 17.9066 million shares, accounting for 0.16% of the total share capital, with total spending of approximately 120M yuan, and has completed 40% of the minimum repurchase amount.

Review of the share repurchase plan

On December 22, 2025, and January 9, 2026, Nanshan Aluminum held a board meeting and an extraordinary general meeting of shareholders, respectively, both of which approved the repurchase plan. Under the plan, the company plans to use its own funds to repurchase part of the public shares by means of centralized bidding for purposes of cancellation and to reduce registered capital. The total repurchase fund range is 300 million to 600 million yuan. The repurchase price will not exceed 7.52 yuan per share. The corresponding repurchase quantity range is 39.8936 million to 79.7872 million shares. The repurchase period is 12 months from the date the shareholders’ meeting approves the proposal—i.e., from January 9, 2026 to January 8, 2027.

March repurchase dynamics and cumulative progress

The announcement shows that in March 2026, Nanshan Aluminum repurchased 8.6469 million shares in a single month through centralized bidding, accounting for 0.08% of the company’s total share capital. The highest成交 price for the repurchase was 7.10 yuan per share, and the lowest was 6.24 yuan per share. The total amount paid was 54.56129423 million yuan (excluding transaction fees).

As of March 31, 2026, the company has cumulatively repurchased 17.9066 million shares, accounting for 0.16% of the total share capital. The repurchase price range was 6.24 yuan per share to 7.41 yuan per share. The total cumulative amount paid was 120.04823063 million yuan (excluding transaction fees).

Planned follow-up repurchases

Nanshan Aluminum stated that it will strictly comply with relevant regulations, including the《Rules for Share Repurchases by Listed Companies》《Guidelines for Self-Regulatory Supervision of Listed Companies of the Shanghai Stock Exchange No. 7—Share Repurchases》and other related provisions. During the repurchase period, the company will implement repurchases when appropriate based on market conditions, and will timely fulfill its information disclosure obligations. Market analysis believes that the company’s current repurchase progress is in line with expectations. With the continued advancement of the repurchase, it is expected to further stabilize the share price and optimize the equity structure.

Investors may pay attention to the company’s subsequent announcements on repurchase progress, and note investment risks.

Disclaimer: There are risks in the market; investment should be done cautiously. This article is automatically published by an AI large model based on third-party databases, and does not represent Sina Finance’s viewpoint. Any information appearing in this article is for reference only and does not constitute personal investment advice. If there are any discrepancies, please refer to the actual announcements. If you have any questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Kuai Bao