Xining Special Steel: Update on the application documents for the issuance of A-shares to specific targets and response to inquiries.

Xining Special Steel announced that on December 11, 2025, the company received an "Inquiry Letter" from the Shanghai Stock Exchange. After receiving the inquiry letter, the company will work with the intermediary agency to study and implement the listed questions, and supplement and revise the prospectus and other application documents. The relevant content has been published in designated media. The issuance of A shares to specific investors still needs to be approved by the Shanghai Stock Exchange and approved by the China Securities Regulatory Commission before it can be implemented. The final result and timing are uncertain, and the company will disclose progress in a timely manner.