Valin Steel major shareholder Cinda Life to boost stake further

Cinda Life Insurance Company, a major shareholder in Hunan Valin Steel, increased its stake by 69,086,213 shares through concentrated bidding from July 11, 2025, to September 10, 2025. This move brings Cinda Life Insurance's total holdings to 414,517,875 shares, representing 6% of Valin Steel's total share capital.

Building on its confidence in Valin Steel's future and long-term investment value, Cinda Life Insurance plans to further increase its shareholding. Within six months from the announcement date, it intends to acquire an additional 1% to 2% of the company's total share capital, specifically between 69,086,400 and 138,172,700 shares.

The additional shares will be acquired through concentrated bidding or block trades on the Shenzhen Stock Exchange. This planned increase will not alter the company's control, violate listing conditions, or involve a takeover bid. Funding for the acquisition will come from Cinda Life Insurance's traditional account insurance reserves.