Nanjing Iron & Steel's affiliate gains IPO approval

Nanjing Iron & Steel Co., Ltd. (SSE:600282) announced that its affiliated company, Jiangsu Tiangong Technology Co., Ltd. (834549.NQ), has secured the green light from the CSRC for its planned IPO on the Beijing Stock Exchange. As of the announcement date, Nanjing Iron & Steel holds 105,293,979 shares in Tiangong Technology, representing 17.95% of its pre-IPO total share capital. Tiangong Technology initially submitted its IPO application to the Beijing Stock Exchange on December 21, 2023, and subsequently received approval from the exchange's listing committee on November 1, 2024. The CSRC's approval, documented in the "Approval on the Registration of the Public Offering of Shares of Jiangsu Tiangong Technology Co., Ltd." (Zheng Jian Xu Ke [2025] No. 635), is valid for 12 months from the date of registration approval. Nanjing Iron & Steel will disclose further information as the IPO progresses, adhering to relevant regulations and information disclosure requirements.