Nanjing Yunhai Special Metals cuts asset sale price, boosts related party transaction limits

Nanjing Yunhai Special Metals announced a reduction in the reserve price for the public transfer of its Xuyi assets. Initially priced at 11,654.3331 million yuan (excluding VAT), the price has been lowered by 10% to 10,488.9 million yuan. The assets, industrial real estate and machinery located in Xuyi County, Jiangsu, have been continuously listed on the Shanghai United Assets and Equity Exchange since October 28, 2025, but have yet to attract a qualified buyer. This adjustment aims to expedite the sale and reduce maintenance costs.

In a separate but related development, the company approved an increase in the 2025 daily related party transaction limits. The additional transactions include 50,000 million yuan with Anhui Baomg Light Alloy and 2,000 million yuan with Baosteel Metal and its affiliates. This brings the total daily related party transaction limit with Anhui Baomg Light Alloy to 100,000 million yuan and with Baosteel Metal and its affiliates to 20,000 million yuan.

These decisions were made during the company's Seventh Board of Directors' Thirteenth Meeting on December 9, 2025. The adjusted asset transfer and increased related party transaction limits will be further discussed at the Fifth Interim Shareholders' Meeting on December 26, 2025.