Xining Special Steel: Shareholder releases pledged shares

Xining Special Steel (SSE: 600117) announced that Qinghai Guotou, an entity acting in concert with Wuhu Xinzehai, a shareholder holding over 5% of the company's shares, has completed the release of 9,898,751 pledged shares. The release, effective February 20, 2025, represents 100% of Qinghai Guotou’s pledged shares and 0.3% of Xining Special Steel's total share capital. Following the release, Qinghai Guotou holds no further pledged shares in the company. Wuhu Xinzehai and its concert party Qinghai Guotou have collectively pledged 150,000,000 shares, or 30.86% of their total holdings. The company states that Wuhu Xinzehai possesses the ability to meet its obligations, and the share pledge poses no risk of forced liquidation.