Chengtong financial holdings reduces stake in Hangzhou Iron & Steel

Beijing Chengtong Financial Holdings Investment Co., Ltd. (Chengtong Financial Holdings), a major shareholder in Hangzhou Iron & Steel Co., Ltd., has completed its shareholding reduction plan. Prior to the plan's implementation, Chengtong Financial Holdings held 378,494,141 shares, representing 11.21% of the company's total share capital.

The reduction was carried out via block trades between September 15, 2025, and September 24, 2025. Chengtong Financial Holdings cumulatively reduced its stake by 34,628,699 shares, representing 1.03% of the company's total share capital. The total value of these transactions amounted to 300,044,394.31 yuan, with share prices ranging from 8.54 yuan to 8.69 yuan per share.

Following the completion of the reduction, Chengtong Financial Holdings now holds 343,865,442 shares, or 10.18% of Hangzhou Iron & Steel's total share capital. This concludes the previously disclosed plan to reduce its holdings by no more than 2%.