Nanjing Iron & Steel’s indirect shareholder equity structure change completed

Nanjing Iron & Steel Company Limited (the "Company") has received notification from its indirect controlling shareholder, CITIC Pacific Limited ("CITIC Pacific"), regarding the completion of an equity transfer involving CITIC Pacific and Wanfu Investment Co., Ltd. ("Wanfu Investment"). CITIC Pacific used part of its Wanfu Investment equity as consideration to purchase 100% of Shangkang International Co., Ltd. and 100% of Changyue Investment Co., Ltd. from Wanfu Investment, which subsequently repurchased and cancelled the transferred equity.

Following this transaction, the Company's equity structure remains unchanged. Nanjing Nangang Iron & Steel United Co., Ltd. continues to be the Company's controlling shareholder, CITIC Pacific remains the indirect controlling shareholder, and CITIC Group Corporation Limited is still the actual controller.

The Company confirms this transaction will not affect its independence or continuous operating capabilities, nor will it significantly impact its daily business activities. Further details were previously disclosed on March 28, 2025. The notification of completion was received on November 7, 2025.