Jiuquan Iron and Steel completes acquisition of Gansu Dunhuang Seed

Hualong Securities Co., Ltd. has issued its continuous supervision opinion for the first quarter of 2025, confirming that Jiuquan Iron and Steel (Group) Co., Ltd. ("Jiuquan Iron and Steel") has completed its acquisition of Gansu Dunhuang Seed Group Co., Ltd. ("Gansu Dunhuang Seed"). The acquisition process has been deemed compliant with regulations, with Jiuquan Iron and Steel adhering to necessary decision-making, reporting, and announcement obligations. As a result of the acquisition, Jiuquan Iron and Steel now holds 11.03% of Gansu Dunhuang Seed's shares and has become the controlling shareholder with no intention to alter the company’s main business.