Pangang Group's controlling shareholder completes shareholding increase

Pangang Group Co., Ltd., the controlling shareholder of Pangang Group Vanadium Titanium & Resources Co., Ltd., has completed its plan to increase its shareholding in the company. Between April 22, 2025, and October 21, 2025, the controlling shareholder cumulatively increased its holdings by 19,451,201 A-shares, representing 0.21% of the company's total share capital. The total amount invested was CNY 50,194,929.65, excluding transaction fees, meeting the target range of CNY 50 million to CNY 100 million.

Before this increase, the controlling shareholder directly held 2,533,068,341 shares (27.25% of total share capital), with total holdings including subsidiaries at 3,596,576,234 shares (38.69%). Following the completion, direct holdings rose to 2,552,519,542 shares (27.47%), and total holdings with subsidiaries reached 3,616,027,435 shares (38.92%). The increase adhered to regulatory requirements, allowing for an exemption from a general offer.

The controlling shareholder meets the qualifications for being a shareholder of a listed company and has no outstanding large debts, major violations, or severe credit defaults in the securities market in the past three years. This shareholding increase does not impact the company's listing status or change its controlling shareholder or actual controller.