Pangang Group obtains loan for share increase

Pangang Group Vanadium Titanium & Resources Co., Ltd. (SZSE:000629) announced that its controlling shareholder, Pangang Group Co., Ltd., has obtained a loan commitment from the Sichuan Branch of the China Development Bank. The loan, up to CNY 90 million, has a term of three years and is specifically designated for Pangang Group to increase its holdings of the company's A-shares. This move aligns with relevant laws, regulations, and policies. This follows the previously announced plan on April 22, 2025, to increase shareholdings by between CNY 50 million and CNY 100 million using its own or self-raised funds.