Lingyuan Iron & Steel controlling shareholder completes share increase plan

Lingyuan Iron & Steel Co., Ltd. announced on December 5, 2025, that its controlling shareholder, Lingyuan Iron & Steel Group Co., Ltd., completed its share increase plan. Originally disclosed on December 5, 2024, the plan involved Lingyuan Group increasing its stake in Lingyuan Iron & Steel through centralized bidding on the Shanghai Stock Exchange, utilizing its own funds and special loan funds. The target range for the increase was between yuan 22m and yuan 40m.

Between December 5, 2024, and December 4, 2025, Lingyuan Group acquired 12,895,300 shares, representing 0.45% of the company's total share capital. The total investment amounted to yuan 22,142,382, exceeding the lower bound of the planned investment. This latest acquisition, combined with earlier share increases, ensures Lingyuan Group’s total additional stake over the past 12 months remains within the 2% limit.

Following the completion of this plan, Lingyuan Group's total shareholding in Lingyuan Iron & Steel reached 1,067,395,366 shares, representing 37.46% of the company's total share capital, factoring in a buyback and cancellation of 2,610,000 restricted shares on November 14, 2025. This action is in compliance with relevant securities laws and will not trigger a tender offer.