Xining Special Steel's A-share issuance application accepted by SSE

Xining Special Steel Co., Ltd. announced on December 5, 2025, that its application for the non-public issuance of A-shares to specific objects was officially accepted by the Shanghai Stock Exchange (SSE) on December 4, 2025. The SSE confirmed the completeness and legal compliance of the submitted documents.

The proposed A-share issuance is subject to further review by the SSE and requires a registration decision from the China Securities Regulatory Commission (CSRC) before it can be implemented. The company stated there is uncertainty regarding the final approval by the SSE and the CSRC's decision to grant registration, as well as the timing of such decisions.

Xining Special Steel pledged to fulfill its information disclosure obligations in accordance with relevant laws and regulations. The company also urged investors to be aware of the inherent investment risks associated with this transaction.