Lingyuan Iron & Steel restructures, consolidates subsidiary, amends charter

Lingyuan Iron & Steel has secured approvals from its bondholders and shareholders for key strategic decisions. Bondholders voted overwhelmingly in favor of a resolution to absorb its wholly-owned subsidiary, Linggang Steel Pipe Co., Ltd. This decision was formalized at the First Bondholders Meeting of 2025, with all present bondholders agreeing to the resolution, representing 1.6127% of the total outstanding bonds (35,000 bonds).