Anyang Iron & Steel controlling shareholder pledges additional shares

Anyang Iron & Steel Co., Ltd. (SSE: 600569) announced today that its controlling shareholder, Anyang Iron & Steel Group, has pledged an additional 540 million shares of the company to China Banks. This pledge has been registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch. After this pledge, the total number of shares pledged by Anyang Iron & Steel Group reaches 790 million, representing 40.88% of its total holdings in the listed company and 27.50% of Anyang Iron & Steel's total share capital. The pledge, with a term beginning March 10, 2025, is intended to supplement working capital. Anyang Iron & Steel Group directly holds 1,932,443,903 shares in the listed company, accounting for 67.28% of its total share capital. The company confirms that the pledged shares are not subject to any arrangements related to performance compensation for major asset restructuring.