Taiyuan Heavy Industry's controlling shareholder lifts stake above 51%

Taiyuan Heavy Industry Group Co. Ltd., the controlling shareholder of Taiyuan Heavy Industry, has increased its stake in the company through open market transactions. As of November 6, 2025, the group's total shareholding reached 51.23%, up from 50.15% previously, an increase of 1.08%.

The acquisition involved 36,342,981 additional shares, with a total investment of 90,558,600 yuan (excluding stamp duty and transaction commissions). This move aligns with Taiyuan Heavy Industry Group's previously announced plan to increase its holdings, demonstrating confidence in the company's value and future development. The group's share increase plan committed to an investment of no less than 80,000,000 yuan and no more than 160,000,000 yuan over a 12-month period starting July 26, 2025.

The share increase does not trigger a mandatory tender offer and will not lead to a change in the company's controlling shareholder or actual controller. The group will continue to execute its share increase plan as planned.