Xining Special Steel: major shareholders' combined stake increases to 21.09%

Xining Special Steel Co., Ltd. announced that Qinghai Provincial State-owned Assets Investment Management Co., Ltd. and its concerted parties have increased their combined shareholding, triggering a 5% equity change threshold. Following an equity transfer, the combined stake of these parties, including Qinghai Provincial State-owned Assets Investment Management Co., Ltd., Qinghai Third Construction Engineering Co., Ltd., Qinghai Xinshi Real Estate Co., Ltd., and Wuhu Xinzhehai Industrial Investment Partnership (Limited Partnership), has risen to 21.09% of the total share capital.

This change in equity stake stems from an internal transfer of 100% equity in Qinghai Third Construction Engineering Co., Ltd. from Qinghai Provincial State-owned Assets Investment Management Co., Ltd. to Qinghai Provincial State-owned Assets Investment Management Co., Ltd., making the latter a concerted party. This adjustment resulted in the concerted parties collectively holding 686,548,921 shares.

The company confirmed that the change will not affect the controlling shareholder or actual controller, nor will it harm the interests of the company or its other shareholders.