Hunan Valin Steel sees major shareholder increase stake to 7%

Hunan Valin Steel announced that China Life Insurance Co. has further increased its holdings in the company. Between September 12, 2025, and September 26, 2025, China Life Insurance Co. acquired an additional 69,086,346 shares through concentrated bidding on the Shenzhen Stock Exchange, representing 1% of the company's total share capital.

Following this transaction, China Life Insurance Co. now holds 483,604,221 shares, accounting for 7% of Hunan Valin Steel's total share capital, up from 6%. This increase triggered a 1% integer multiple threshold, marking substantial progress in China Life Insurance Co.'s previously disclosed share increase plan. The plan, announced on September 11, 2025, aimed to increase holdings by 1% to 2% of total share capital within six months.

China Life Insurance Co. is committed to strictly complying with relevant regulations and will continue to implement the share increase plan within the stipulated timeframe, pledging not to reduce its holdings or engage in insider trading or short-term trading during this period. The company also confirmed that the increase does not trigger a tender offer, alter company control, or impact its listing status.