Anyang Iron and Steel: terminate the planned major asset restructuring and change to sell subsidiary equity to controlling shareholders.

Ansteel announced that the company held an investor briefing on September 2, 2025, to discuss the termination of the planned major asset restructuring and the change to selling subsidiary equity to the controlling shareholder. Chairman Cheng Guanjing, CFO Guo Chengxu, Board Secretary Hao Meng, and representatives from Ansteel Group Limited's Financial Assets Department Deputy Director Wang Junsheng and the lead independent financial advisor, Minmetals Securities Co., Ltd.'s Lai Jienan attended the meeting. Issues of concern to investors included the reasons for terminating the asset restructuring, the impact of the change in plan, the effects of the termination on business development and future performance, and whether to consider restarting the asset restructuring. The company replied that due to historical legacy issues related to the ownership of land and properties of the Wuyang Mining Co., Ltd., a subsidiary of Henan Angang Group, it was difficult to proceed as originally planned, hence the change in plan. The company will accelerate profit capabilities, optimize asset structure, and will not have a significant adverse impact on development strategies, business plans, or future performance. The company will promote asset restructuring at the appropriate time, but will not plan major asset restructuring for at least one month from the date of the termination announcement.