Anyang Steel ends restructuring, sells equity to controlling shareholder

Anyang Iron & Steel Group (SSE:600569) has terminated its major asset restructuring plan due to unresolved historical land and property rights issues concerning Wuyang Mining. The company will now sell the entire equity of Yongtong Company and Yuhe Company to its controlling shareholder, Angang Group, in a cash transaction. This strategic shift aims to enhance profitability, boost cash flow, and optimize asset structure, without negatively impacting its development or future performance.

An investor briefing was held on September 2, 2025, to discuss the change, with company executives addressing stakeholder concerns. Anyang Iron & Steel Group has committed to not initiating any major asset restructuring for at least one month following this announcement.

Concurrently, Anyang Iron & Steel Group has scheduled its Third Extraordinary General Meeting for September 18, 2025, to approve guarantees for its subsidiaries, Anyang Steel Zhoukou Iron and Steel Co., Ltd. and Anyang Steel Southern Electromagnetic New Materials Technology Co., Ltd. The meeting will facilitate both on-site and online voting for shareholders.