Hangzhou Iron & Steel shareholder trims stake, crosses 1% threshold

Beijing Chengtong Financial Holding Investment Co., Ltd. (Chengtong Financial Holding), a shareholder with over 5% in Hangzhou Iron & Steel Co., Ltd., has reduced its stake, triggering a 1% equity change threshold. On September 15, 2025, Chengtong Financial Holding decreased its shareholding by 28,768,699 shares through block trading, representing 0.85% of the company's total share capital.

Following this transaction, Chengtong Financial Holding's ownership in Hangzhou Iron & Steel decreased from 11.21% to 10.36%. This adjustment is consistent with a previously disclosed share reduction plan and does not involve a tender offer or new funding sources. The company confirms that this change will not affect its controlling shareholder or actual controller.