en.Wedoany.com Reported - On June 23, 2026, Anyang Iron & Steel Co., Ltd. (stock code: 600569) disclosed a private placement plan, proposing to issue no more than 862 million shares (not exceeding 30% of total share capital) to its controlling shareholder, Angang Group, to raise up to 1.5 billion yuan for replenishing working capital.

Anyang Iron & Steel Co., Ltd. was exclusively established by Angang Group in November 1993 and listed on the Shanghai Stock Exchange in August 2001. Prior to this issuance, Angang Group held 1,949,107,303 shares of Anyang Iron & Steel, accounting for 67.86% of total share capital, making it the controlling shareholder, with the State-owned Assets Supervision and Administration Commission of Henan Provincial Government as the actual controller. After this issuance, Angang Group will remain the controlling shareholder, and the State-owned Assets Supervision and Administration Commission of Henan Provincial Government will continue to be the actual controller.

Anyang Iron & Steel operates modern production lines with domestic advanced and internationally first-class capabilities, including medium-thick plates, high-speed wire rods, and hot-rolled coils. Its high-strength plates have maintained the top market share in China for consecutive years and are used in the world's largest 10-meter mining hydraulic support. The company has received the National Science and Technology Progress Second Prize and the National Quality Award, and is recognized as a national 3A-level tourist attraction and an A-level environmental performance enterprise.

This private placement is a key measure for Anyang Iron & Steel to optimize its capital structure and enhance financial strength amid the deep adjustment of the steel industry. The raised funds, used to replenish working capital, will help the company cope with industry cyclical fluctuations, ensure stable production and operations, and provide financial support for the continuous promotion of green and low-carbon transformation and product structure upgrades.

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