Sansteel MinGuang Fujian's indirect controlling shareholder to reorganize

Sansteel MinGuang Fujian (SZSE:002110) announced today that its indirect controlling shareholder, Fujian Metallurgical (Holdings) Co., Ltd., will undergo a reorganization. According to the "Notice on Reorganizing and Establishing Fujian Provincial Industrial Holding Group Co., Ltd." (Min Guo Zi Gai [2025] No. 53), Fujian Metallurgical's 80% equity stake, currently held directly by the Fujian Provincial People's Government State-owned Assets Supervision and Administration Commission, will be injected into the newly established Fujian Provincial Industrial Holding Group Co., Ltd. Fujian Metallurgical will become a subsidiary of this new entity. The company stated that this restructuring is not expected to have a material impact on Sansteel MinGuang Fujian's business operations. The shareholding ratio of the company's controlling shareholder and the ultimate beneficial owner will remain unchanged. The company will continue to fulfill its information disclosure obligations in accordance with relevant regulations as the matter progresses.