Lingyuan Iron & Steel: Shareholder's stake exceeds 37%

Lingyuan Iron & Steel announced that its controlling shareholder, Lingyuan Iron & Steel Group, has increased its holdings, triggering a disclosure requirement as the equity change reached 1%. Following the transaction, Lingyuan Iron & Steel Group now holds 1,055,301,166 shares, representing 37.00% of the company's total share capital, up from 36.99%. The share increase is part of Lingyuan Iron & Steel Group’s previously disclosed plan to increase its stake by up to 40 million yuan within 12 months, using both its own funds and dedicated loan facilities. The company alerted investors to potential risks, including market volatility affecting the execution of the plan, and possible delays or failures due to funding issues. Lingyuan Iron & Steel confirmed that the change in shareholding will not affect the company's controlling shareholder or actual controller.