Angang Steel's controlling shareholder completes share increase plan

Angang Steel Company Limited announced on October 22, 2025, that its controlling shareholder, Anshan Iron and Steel Group Co., Ltd., has completed a plan to increase its shareholding in the company. Anshan Iron and Steel increased its stake by 100,055,840.92 yuan through centralized bidding on the Shenzhen Stock Exchange, acquiring 40,753,538 A-share circulating shares, representing 0.43% of the company's total share capital.

The share increase, initiated on April 22, 2025, was completed by October 21, 2025, within the six-month timeframe. Prior to this, Anshan Iron and Steel held 5,016,111,529 A-share circulating shares, accounting for 53.54% of the total share capital. Following the completion, its holding increased to 5,056,865,067 shares, representing 53.97% of the total share capital.

King & Wood Mallesons, Beijing, provided a legal opinion confirming that the share increase complied with relevant laws and regulations and did not trigger a tender offer. The firm also verified that Angang Steel fulfilled all necessary information disclosure obligations.