Anyang Iron & Steel: Asset restructuring, share buyback, and financing

Anyang Iron & Steel (SSE: 600569) is progressing with a major asset restructuring, initially announced in December 2024 and January 2025, aimed at optimizing its asset portfolio by swapping assets with its controlling shareholder, Anyang Iron & Steel Group. The plan involves Anyang Iron & Steel divesting its stakes in Anyang Yuhe Yontong Pellet Co. and Yontong Ductile Iron Pipes, in return for a stake in Anyang Iron & Steel Group's Muyang Mining. In other news, Anyang Iron & Steel Group completed its planned share buyback program, initiated in June 2024. The buyback saw the acquisition of 30,798,817 company shares for a total of CNY 52,925,688.31, representing 1.07% of the total share capital. Simultaneously, Anyang Iron & Steel itself, along with subsidiary Henan Anyang Iron & Steel Zhoukou Iron, is entering into a sale-leaseback agreement with Haitong Hengxin International Leasing for up to CNY 100 million, aimed at optimizing the companies' financing structure. Legal experts at Beijing Hairun Tianrui law firm affirm that these actions are compliant with relevant laws.