CITIC Pacific Special Steel completes indirect shareholder restructuring

CITIC Pacific Special Steel Group Co., Ltd. today announced that its indirect controlling shareholder, CITIC Pacific Limited, has completed a change in its shareholding structure, effective November 7, 2025. This change involved CITIC Pacific using part of its equity in subsidiary Wanfu Investment Co., Ltd. to acquire 100% equity in Shangkang International Co., Ltd. and 100% equity in Changyue Investment Co., Ltd. from Wanfu Investment. Subsequently, Wanfu Investment repurchased and cancelled the transferred equity.

As a result of this transaction, Wanfu Investment no longer indirectly holds shares in CITIC Pacific Special Steel Group Co., Ltd. Despite the restructuring, the company's direct controlling shareholder remains CITIC Pacific Special Steel Investment Co., Ltd., and its ultimate actual controller is still CITIC Group Corporation Limited.

The company confirmed that the transaction will not impact its independence or continuous operational capabilities, nor will it significantly affect its daily business activities. The details of this change were previously disclosed on March 28, 2025.