Xining Special Steel: Qinghai Guotou increases stake to 18% in share transfer

Xining Special Steel Co., Ltd. announced the successful completion of an agreement-based share transfer, effective December 15, 2025. Qinghai Provincial State-owned Assets Investment Management Co., Ltd. (Qinghai Guotou) acquired a total of 576,135,811 shares from Wuhu Xinzexian Industrial Investment Partnership and Qinghai Third Construction Engineering Co., Ltd.

Wuhu Xinzexian transferred all of its 476,135,811 shares, representing 14.63% of the company's total shares, to Qinghai Guotou. Additionally, Qinghai Third Construction transferred all of its 100,000,000 shares, representing 3.07% of the total shares, to Qinghai Guotou. Post-transfer, Qinghai Guotou now holds 586,548,921 shares, accounting for 18.02% of Xining Special Steel's total shares.

Including its acting-in-concert party Qinghai Xinshi Property Co., Ltd., Qinghai Guotou's total and acting-in-concert shareholding amounts to 686,548,921 shares, representing 21.09% of the company's total shares. This transfer does not alter the company's controlling shareholder or actual controller. Qinghai Guotou has pledged not to reduce its newly acquired shares for 12 months from the transfer registration date.