Lingyuan Iron & Steel: major shareholder re-pledges entire stake for production, operations

On September 25, 2025, Lingyuan Iron & Steel Co., Ltd. announced that major shareholder Jiujiang Pinggang Steel Co., Ltd. (Jiujiang Pinggang) re-pledged its entire holding of 311,179,639 unrestricted circulating shares. This represents 10.91% of the company's total share capital and 100% of Jiujiang Pinggang's holdings. The re-pledge follows the release of a prior pledge made on January 20, 2025, which also covered the same share quantity.

The re-pledge was made to Ansteel (Tianjin) Financing Lease Co., Ltd. and Ansteel Group Chengdu Financing Lease Co., Ltd., with the new pledge period extending until September 28, 2028. The shares pledged to Ansteel (Tianjin) Financing Lease Co., Ltd. amount to 211,179,639 shares, while the remaining 100,000,000 shares were pledged to Ansteel Group Chengdu Financing Lease Co., Ltd. The purpose of these pledges is for production and operation.

Jiujiang Pinggang's current credit standing is reported as good, and there is no risk of forced liquidation or transfer of the pledged shares. This transaction ensures that Jiujiang Pinggang maintains its financing arrangements while its entire stake in Lingyuan Iron & Steel remains pledged.