CNRE(SH:600111) Zheng Quan Zhi Xing·2025-04-01 10:33Core Viewpoint - The announcement details the completion of a share buyback plan by the controlling shareholder, Baotou Steel (Group) Co., Ltd., which has increased its stake in China Northern Rare Earth (Group) High-Tech Co., Ltd. to enhance investor confidence and support the company's market value management [1][3]. Group 1: Share Buyback Plan - The buyback plan was announced on March 1, 2025, allowing Baotou Steel to purchase up to 2% of the company's total shares (3,615,065,842 shares) within 12 months, with a minimum investment of RMB 5 billion and a maximum of RMB 10 billion [1][3]. - The funding for the buyback comes from a loan provided by Agricultural Bank of China and Baotou Steel's own funds, with no set price range for the purchases [1][3]. Group 2: Implementation Results - From March 17 to March 31, 2025, Baotou Steel acquired a total of 43,099,222 shares, representing 1.19% of the total share capital, with the total investment amounting to RMB 5 billion [2][4]. - After the completion of the buyback, Baotou Steel's total holdings in the company increased to 1,374,799,791 shares, which is 38.03% of the total share capital [4]. Group 3: Legal Compliance and Verification - Baotou Steel's buyback actions comply with relevant laws and regulations, and the company has not reduced its holdings during the buyback period [4]. - A legal opinion was provided by Inner Mongolia Jianzhong Law Firm regarding the buyback, confirming its adherence to legal standards [4].