Metallurgical Corporation of China Ltd. (MCC) disclosed fresh on-market share buybacks on 20 May 2026, covering both its Hong Kong-listed H-shares and Shanghai-listed A-shares.

Key take-aways

1. Latest transactions • H-shares: 3.00 million shares repurchased on the Hong Kong Stock Exchange at HKD 1.50–1.52 per share, for a total outlay of HKD 4.54 million. • A-shares: 7.02 million shares bought back on the Shanghai Stock Exchange at RMB 2.84–2.85 per share, costing RMB 19.96 million. All repurchased shares are designated for cancellation; no treasury shares were retained.

2. Cumulative buybacks pending cancellation • H-shares: 22.64 million shares (0.79% of the 2.87 billion H-shares in issue). • A-shares: 57.30 million shares (0.32% of the 17.85 billion A-shares in issue).

3. Buyback mandate utilisation • The H-share repurchase mandate, approved on 16 January 2026, permits the company to buy back up to 287.10 million shares. • To date, 22.64 million H-shares have been repurchased, representing 7.9% of the authorised limit.

4. Share capital position • Issued H-shares (excluding treasury shares) remain unchanged at 2.87 billion. • Issued A-shares stand at 17.85 billion. • No treasury shares were outstanding as at 20 May 2026.

5. Moratorium on new share issues • In line with Hong Kong listing rules, MCC is restricted from issuing new shares or selling treasury shares on the Hong Kong market until 19 June 2026, 30 days after the latest repurchase.

The company confirmed that all repurchases complied with relevant regulations on both the Hong Kong and Shanghai exchanges and were duly authorised by its board of directors.