Stock Code: 000761 200761 Stock Abbreviation: Bensteel Stainless Bensteel B Code: 2026-042 Bond Code: 127018 Bond Abbreviation: Bensteel Convertible Bond
Baosteel Stainless Co., Ltd. Announcement on Progress of Major Asset Replacement and Connected Transaction
The Company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false representations, misleading statements, or material omissions.
Special Reminders:
- In the "Major Risk Warning" section of the "Proposal for Major Asset Replacement and Connected Transaction" disclosed by the Company on June 21, 2023, the risks related to this transaction, risks concerning the target company, and other risks were explained. Investors are kindly requested to pay attention to investment risks.
- This transaction will lead to a significant increase in the proportion of connected sales for the Company, which may result in significant dependence on the controlling shareholder and other connected parties, and may have a major impact on the Company's ability to operate independently and continuously in the market. This transaction does not exclude the possibility of adjustments, suspension, or cancellation of the transaction plan. The Company is conducting further prudent verification and careful evaluation of the feasibility and compliance of this transaction plan.
- The transaction plan still requires further verification and negotiation. Related matters are still subject to uncertainty. The Company will fulfill its information disclosure obligations in a timely manner according to the progress of related matters.