Luoyang Molybdenum (03993.HK) plans to spend RMB 1 billion to RMB 2 billion to repurchase A-shares.

Zhitong Finance APP News, China Molybdenum (03993.HK) issued an announcement that, in order to safeguard the company's value and the rights and interests of the company's shareholders, enhance investor confidence, based on confidence in the company's future development prospects and recognition of the company's stock value, and in light of the company's operating conditions, financial status, and development strategy, the company intends to use its own funds or self-raised funds to repurchase A-shares. The total amount of funds for the A-share repurchase is RMB 1 billion (inclusive) to RMB 2 billion (inclusive).