Anyang Iron & Steel plans RMB100m lease transaction

Anyang Iron & Steel Group (SSE:600569) announced plans to engage in a financial leasing transaction with Shanghai Dingyi Financial Leasing Co. Ltd., a related party, to enhance its operating capital. The proposed sale-leaseback agreement will involve equipment related to the company's blast furnace processes and dust control systems at its ironmaking plant, with a financing amount not exceeding RMB100 million and a lease term of 3-5 years. This allowance will be effective for the 12 months following shareholder approval. As of June 12, 2025, Anyang Iron & Steel Group directly holds 67.65% of Anyang Iron & Steel and Shanghai Dingyi Financial Leasing Co. Ltd. is a subsidiary of An Steel Group Welfare. The transaction constitutes a related party transaction and is subject to shareholder approval, with a previous similar transaction in the past 12 months totaling RMB13,700 million. The company's board of directors has already approved the plan.