Anyang Iron & Steel to loan yuan 400m to subsidiary Zhoukou Iron & Steel

Anyang Iron & Steel Company Limited (SSE:600569) announced its decision to provide a loan of up to CNY 400,000,000 to its controlling subsidiary, Henan Angang Zhoukou Iron & Steel Co., Ltd. The loan, approved during an ad hoc board meeting, aims to support Zhoukou Iron & Steel's business development and enable it to repay existing financial liabilities. The loan tenure will not exceed 18 months.

The board meeting, held via telecommunication, saw all nine directors approve the motion. Zhoukou Iron & Steel is a significant subsidiary, primarily engaged in steel and iron smelting, rolling, and related activities. Anyang Iron & Steel holds a 37.05% stake in Zhoukou Iron & Steel, making it the second-largest shareholder.

This financial support is deemed beneficial for Zhoukou Iron & Steel's operational liquidity without adversely affecting the parent company's operations or shareholder interests. For the first nine months of 2025, Zhoukou Iron & Steel reported total assets of CNY 1,433,376.77, with liabilities at CNY 1,065,198.56, and net profit reaching CNY 9,618.77.