Sinosteel ET controlling shareholder equity structure changes after debt restructuring

Sinosteel Engineering & Technology (Sinosteel ET) has reported a change in the equity structure of its controlling shareholder, Sinosteel Capital Holdings Co., Ltd. (Sinosteel Capital). Following a debt restructuring, Sinosteel Capital's registered capital increased, and China Sinosteel Co., Ltd.'s stake in Sinosteel Capital decreased from 100% to 59.49%. The remaining 40.51% is now held by 27 financial creditors.

Despite these changes, Sinosteel ET confirms that its controlling shareholder, indirect controlling shareholders, and actual controller remain unchanged. Sinosteel Capital continues as the direct controlling shareholder, while China Sinosteel Group Co., Ltd. and China Baowu Steel Group Co., Ltd. are the indirect controlling shareholders. The State-owned Assets Supervision and Administration Commission of the State Council remains the actual controller.

The company stated that the equity structure adjustment of Sinosteel Capital will not alter the fundamental control over Sinosteel Engineering & Technology. This announcement was made by the board of directors on October 12, 2025.