Xining Special Steel completes merger of subsidiary

Xining Special Steel announced the completion of the merger of its wholly-owned subsidiary, Qinghai Xigang Renewable Resources Comprehensive Utilization Development Co., Ltd., effective April 1, 2025. The merger, approved by shareholders in December 2024, involves Xining Special Steel assuming all assets, liabilities, and business operations of the subsidiary, which will be deregistered. The company states that the merger will optimize management, improve efficiency, and reduce operating costs, with no material impact on its overall financial position. Xining Special Steel has completed the relevant registration changes and obtained a new business license from the Qinghai Province Market Supervision Administration. The legal representative remains Yang Naihui, and the unified social credit code is 916300002265939457.