Hainan Mining major shareholder transfers stake to state-owned entity

Hainan Mining Co., Ltd. announced that Hainan HaiSteel Group, a shareholder holding more than 5% of the company's shares, plans to transfer 100,939,000 shares, representing 5.05% of the total share capital, to Hainan Provincial State-owned Capital Operation Co., Ltd. The transfer is a free transfer of state-owned shares and does not involve a tender offer.