Anyang Steel’s controlling shareholder pledges more shares, nears 50% of holdings

Anyang Iron & Steel Company Limited announced on December 1, 2025, that its controlling shareholder, Anyang Iron & Steel Group Co., Ltd., has pledged an additional 184 million unrestricted shares to CITIC Trust Co., Ltd. These shares, constituting 9.44% of Anyang Steel Group's total holdings and 6.41% of the company's total share capital, were pledged to replace maturing interest-bearing liabilities.

Following this latest transaction, Anyang Steel Group's cumulative pledged shares now total 974 million shares. This represents 49.97% of Anyang Steel Group's total shareholding in the company and 33.91% of the company's total share capital. Anyang Steel Group holds 1,949,107,303 shares in the company, accounting for 67.86% of the company's total share capital.

The company confirmed that the pledged shares are not intended for use as collateral for performance compensation related to major asset restructurings or other guarantee purposes.