Anyang Iron & Steel to guarantee loans for two subsidiaries

Anyang Iron & Steel Co., Ltd. will hold its fifth extraordinary general meeting of shareholders on December 19, 2025, to deliberate on two major guarantee proposals. The first proposal involves providing a joint liability guarantee for its holding subsidiary, Anyang Iron & Steel Group Cold Rolling Co., Ltd., which is applying for a 100 million yuan comprehensive bank credit facility from Industrial and Commercial Bank of China Anyang High-tech Branch. This credit is for working capital loans, bank acceptance bills, and domestic letters of credit, with a term of one year. As of September 30, 2025, Anyang Iron & Steel Group Cold Rolling Co., Ltd. reported total assets of 326,582.12 yuan and total liabilities of 154,451.04 yuan, with a net profit of -1,710.62 yuan for the first nine months of 2025. Anyang Iron & Steel Co., Ltd. holds a 95.45% stake in the subsidiary.

The second proposal concerns providing a guarantee for its holding subsidiary, Henan Anyang Iron & Steel Zhoukou Iron & Steel Co., Ltd. (Zhoukou Company). Zhoukou Company intends to apply for up to 600 million yuan in debt investment from China Gold Valley International Trust Co., Ltd., with a term of 36 months, to supplement working capital and meet business development needs. Anyang Iron & Steel Co., Ltd. will act as a co-debtor for this project. As of September 30, 2025, Zhoukou Company reported total assets of 1,433,376.77 yuan and total liabilities of 1,065,198.56 yuan, with a net profit of 9,618.77 yuan for the first nine months of 2025. Anyang Iron & Steel Co., Ltd. holds a 37.05% stake in Zhoukou Company. Both proposals have been approved by the company's 17th extraordinary board meeting of directors in 2025.