Securities Code: 002716 Securities Abbreviation: Hunan Silver Announcement No.: 2026-047
Announcement on Early Termination of Share Repurchase and Results of Share Repurchase by Hunan Silver Co., Ltd.
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Hunan Silver Co., Ltd. (hereinafter referred to as the "Company") held its 6th Board of Directors' 12th Meeting, the 2025 First Extraordinary Shareholders' Meeting, the 6th Board of Directors' 15th Meeting, the 6th Board of Directors' 17th Meeting, and the 2025 Second Extraordinary Shareholders' Meeting on June 23, July 18, September 4, October 16, and November 5, 2025, respectively. The meetings deliberated and approved the "Proposal on Repurchasing Company Shares Through Centralized Bidding," the "Proposal on Adjusting the Upper Limit of the Repurchase Price of Company Shares," and the "Proposal on Adjusting the Company's Share Repurchase Plan." The Company legally implemented the repurchase, and the total amount of funds used for repurchase has exceeded the minimum threshold. According to the arrangement of the Company's share repurchase plan, the Company's management has decided to terminate the share repurchase matter early, and the current share repurchase plan has been completed ahead of schedule.
The relevant situation is hereby announced as follows:
I. Basic Information on Repurchase
According to the repurchase plan, the Company intended to use a total repurchase fund of no less than RMB 9,260.06 million (inclusive) and no more than RMB 12,324.06 million (inclusive), with a repurchase price not exceeding RMB 8 per share. The repurchase period shall not exceed 12 months from the date the Board of Directors approved the share repurchase plan. For specific details, please refer to the announcements published by the Company on July 21, 2025, September 5, 2025, and October 17, 2025, in the "China Securities Journal," "Securities Times," and on the Juchao Information Network (www.cninfo.com.cn) regarding the "Announcement on Repurchasing Company Shares Through Centralized Bidding," the "Announcement on the Resolution of the 2025 First Extraordinary Shareholders' Meeting," the "Announcement on Adjusting the Upper Limit of the Repurchase Price of Company Shares," and the "Announcement on Adjusting the Company's Share Repurchase Plan."
II. Implementation of Repurchase