Taiyuan Heavy Industry's ownership structure streamlined by Shanxi government

Taiyuan Heavy Industry announced a reduction in ownership levels between its controlling shareholder and actual controller. This involves the Shanxi Provincial People's Government transferring 91.78% of Taiyuan Heavy Industry’s direct controlling shareholder, Taiyuan Heavy Machinery Group Co., Ltd., directly to the Shanxi Provincial State-owned Assets Supervision and Administration Commission.

The company's direct controlling shareholder will remain Taiyuan Heavy Machinery Group Co., Ltd., and the actual controller will continue to be the Shanxi Provincial State-owned Assets Supervision and Administration Commission. This equity change will not affect the stability of the company's control, its normal production and operations, or its ongoing development.

The board of directors issued this announcement on December 3, 2025. Industrial and commercial registration for this change is still pending.