Lingyuan Iron & Steel subsidiary declares significant profit distribution

Lingyuan Iron & Steel Company Limited announced its wholly-owned subsidiary, Lingyuan Iron & Steel International Trade Company Limited, plans to distribute 600m yuan in profit to its shareholders. This decision aims to generate investment returns for the shareholders.

As of the end of December 2024, the audited distributable profit for Lingyuan Iron & Steel International Trade Company Limited stood at 629.56m yuan. The subsidiary has decided to distribute 600m yuan of this profit.

The parent company anticipates this profit distribution from its wholly-owned subsidiary will increase its current period's total profit and net profit by 600m yuan. However, it will not impact the total profit or net profit reflected in the company's consolidated financial statements. The board of directors of Lingyuan Iron & Steel Company Limited made this announcement on November 22, 2025.