"Ansteel Group announced on November 24th that the Henan Provincial State-owned Assets Supervision and Administration Commission has agreed to transfer 100% equity of Ansteel Group Co., Ltd. (hereinafter referred to as "Ansteel Group"), the controlling shareholder of the company, held by Henan State-owned Capital Operation Group Investment Co., Ltd. (hereinafter referred to as "Henan Capital Group Investment Company"), to Henan State-owned Capital Operation Group Co., Ltd. (hereinafter referred to as "Henan Capital Group").

Henan Capital Group Investment Company has signed an agreement on the non-monetary transfer of state-owned equity with Henan Capital Group. After the completion of this non-monetary transfer, there has been no change in the company's controlling shareholder and actual controller.

After the completion of this non-monetary transfer, Henan Capital Group does not directly hold the company's stock; through its wholly-owned subsidiary and the company's controlling shareholder Ansteel Group, it holds 1,918,308,486 shares of the company's RMB ordinary shares, accounting for 66.78% of the total number of shares of the company."