Xining special steel repays shareholder loan early, calls extraordinary meeting

Xining Special Steel Co., Ltd. has announced the early repayment of a 100,000,000.00 yuan loan to its controlling shareholder, Tianjin Jianlong Iron and Steel Industry Co., Ltd. The decision follows resolutions passed at board of directors' and supervisory board meetings on June 26, 2025. As of the announcement date, the principal amount has been fully repaid via bank transfer, with approximately 1,240,000 yuan in interest to be paid later.

This early repayment, managed within the company's annual related-party transaction limits, is not expected to negatively impact Xining Special Steel's operations or financial position. The company emphasizes adherence to fair and equitable principles in all financial dealings.

Separately, Xining Special Steel will hold its Fourth Extraordinary General Meeting of 2025 on October 16, 2025, at 15:00 at the company's 104 conference room. The meeting will address several proposals, including the company's eligibility for a targeted share issuance, the issuance plan, and the use of raised funds. Shareholders registered by October 9, 2025, are eligible to vote.