Multiple A-share Companies and Their Shareholders Engage in Large-scale Repurchases and Holding Increases

Facing volatility in the A-share market, listed companies and their major shareholders are acting swiftly, engaging in large-scale share repurchases and holding increases with real capital. According to incomplete statistics, on the evening of March 23, 16 Shanghai-listed companies intensively disclosed announcements regarding share repurchase and holding increase plans, progress, or results. Among them: xinje disclosed a Share Repurchase Plan, intending to repurchase between 30 million and 50 million yuan; YONGGUAN New Material announced that its major shareholder plans to increase holdings by 50 million to 100 million yuan. Concurrently, 14 companies including ZIJIN MINING disclosed progress or results of share repurchases and holding increases. ZIJIN MINING announced that on March 23, the company implemented its first share repurchase, repurchasing 21 million shares that day, accounting for 0.08% of the company's total share capital, with a total repurchase amount of 642 million yuan. (Shanghai Securities News)