山东南山铝业股份有限公司回购股份进展公告（2026年4月）

南山铝业回购股份进展公告详解

一、公告要点速览

回购方案首次披露日期：2025年12月23日
回购实施期限：2026年1月9日~2027年1月8日
预计回购金额：3亿~6亿元人民币
回购用途：本次回购股份将用于注销并减少公司注册资本
累计已回购股份：17,906,600股，占公司总股本0.16%
累计回购金额：120,048,230.63元人民币
实际回购价格区间：6.24元/股~7.41元/股

二、回购方案详细内容

2025年12月22日及2026年1月9日，山东南山铝业股份有限公司（“公司”）召开董事会及临时股东大会，审议并通过了以自有资金通过集中竞价交易方式回购股份的方案。回购资金总额不低于3亿元、不超过6亿元，回购价格上限为7.52元/股。回购股份数量下限为3,989.36万股，上限为7,978.72万股，最终执行数量和金额以实际交易为准。
本次回购股份将全部用于注销并减少公司注册资本，不涉及员工持股计划、股权激励、可转债转换或其他用途。

三、回购进展及最新数据

截至2026年3月31日，公司已通过集中竞价方式累计回购17,906,600股，占总股本0.16%，累计回购金额1.2亿元人民币，回购价格区间6.24元/股至7.41元/股。2026年3月单月新增回购8,646,900股，金额为54,561,294.23元，最高成交价7.10元/股，最低6.24元/股。

四、对投资者和股价的影响

股份注销将提升每股盈利指标。公司本次回购股份全部用于注销，直接减少总股本，有助于提升每股收益（EPS）等财务指标，长期利好现有股东价值。
释放管理层信心信号。大规模回购计划显示公司对自身长期价值和未来发展的信心，或将对市场情绪产生积极影响。
回购价格上限具有支撑作用。回购价格不超过7.52元/股，当前实际回购价格区间与上限接近，显示公司对当前股价的认可，可能对二级市场价格形成下行支撑。
回购进展正在有序进行。公司已累计完成计划下限的约45%，后续回购进展及市场表现值得持续关注。

五、后续安排及投资者须知

公司承诺将在回购期限内，根据市场情况择机做出回购决策，并按相关规定及时披露进展，提醒投资者关注相关公告及投资风险。
回购事项进展将影响流通股本及每股收益等关键指标，投资者需密切关注公司后续信息披露。

六、结语

本次大规模回购并注销股份方案，以及有序推进的回购进展，体现了公司对股东价值的重视，对公司股价具有潜在的正面影响，值得投资者重点关注。

免责声明：本文内容仅供参考，不构成任何投资建议。投资者据此操作，风险自负。

English Version

Detailed Analysis of Nanshan Aluminum Share Buyback Progress Announcement

1. Key Points Overview

Date of Initial Buyback Plan Disclosure: December 23, 2025
Implementation Period: January 9, 2026 to January 8, 2027
Planned Buyback Amount: RMB 300 million to RMB 600 million
Purpose: All repurchased shares will be cancelled to reduce registered capital
Shares Repurchased So Far: 17,906,600 shares, accounting for 0.16% of total share capital
Total Buyback Funds Used: RMB 120,048,230.63
Actual Buyback Price Range: RMB 6.24 to RMB 7.41 per share

2. Detailed Buyback Plan

On December 22, 2025 and January 9, 2026, Nanshan Aluminum’s board and EGM approved the plan to use its own funds to repurchase shares via centralized bidding. The total buyback amount will not be less than RMB 300 million and not more than RMB 600 million, with a price cap of RMB 7.52 per share. The number of shares to be repurchased will be no less than 39.8936 million and no more than 79.7872 million, subject to actual trading conditions.
All repurchased shares will be cancelled to reduce the company’s registered capital, with no allocation to employee share plans, incentives, or convertible bonds.

3. Buyback Progress and Latest Data

As of March 31, 2026, the company has repurchased 17,906,600 shares (0.16% of total share capital) via centralized bidding, with a cumulative buyback amount of RMB 120 million. The buyback price ranged from RMB 6.24 to RMB 7.41 per share. In March 2026 alone, 8,646,900 shares were repurchased for RMB 54.56 million, with a highest transaction price of RMB 7.10 and a lowest of RMB 6.24 per share.

4. Impact on Investors and Share Price

Share Cancellation Improves Per Share Indicators: The buyback and cancellation will reduce total share capital, potentially lifting EPS and other per-share financial metrics, benefiting existing shareholders in the long term.
Management Confidence Signal: The scale and pace of the buyback demonstrates management’s confidence in the company’s long-term value, which may positively affect market sentiment.
Buyback Price Cap Offers Downside Support: The buyback cap of RMB 7.52 is close to current repurchase prices, signaling management’s recognition of intrinsic value and potentially supporting the share price.
Orderly Progress in Buyback Execution: About 45% of the minimum planned buyback has been completed, and ongoing execution and disclosure warrant continued attention.

5. Future Arrangements & Investor Notes

The company will continue to implement buybacks based on market conditions and disclose progress in a timely manner, per regulatory requirements. Investors should monitor related announcements and risks.
Future buyback developments will affect share capital and per-share financials; shareholders should stay updated on related disclosures.

6. Conclusion

This large-scale buyback and cancellation plan, and its orderly progress, highlight the company’s commitment to shareholder value and could have a positive effect on the share price. Investors should pay close attention.

Disclaimer: This article is for information purposes only and does not constitute investment advice. Investors act at their own risk.