Inner Mongolia Dazhong Mining Co., Ltd. (SZSE:001203) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The shares will be purchased at a price not exceeding CNY 20 per share. The repurchased shares will be used for the conversion of convertible corporate bonds issued by the company or for the implementation of ESOP and equity incentive plan. If the company fails to use the shares for the aforementioned purposes within 36 months from the date of repurchase, the unused portion of the shares shall be cancelled. The program will be funded from company's own funds. The program will be valid for 12 months.

On May 8, 2023, the company announced that the company adjusted the maximum repurchase price from not more than CNY 20 per share to not more than CNY 19.70 per share.