Stock Code: 000932 Stock Abbreviation: Valin Steel Announcement No.: 2026-38
Hunan Valin Steel Co., Ltd.
Announcement Regarding the Controlling Shareholder's Increase in Company Shareholding Reaching an Integer Multiple of 1%
Important Content Prompt:
Based on the recognition of the company's value and confidence in its future sustainable and stable development, and to boost investor confidence, safeguard investor interests, and promote the company's continuous, stable, and healthy development, the controlling shareholder of Hunan Valin Steel Co., Ltd. (hereinafter "the Company" or "Valin Steel"), Hunan Iron & Steel Group Co., Ltd. (hereinafter "the Controlling Shareholder" or "Hunan Iron & Steel Group"), disclosed an increase plan on June 27, 2026. It planned to increase its shareholding in the Company via the Shenzhen Stock Exchange trading system through centralized bidding within 6 months from the disclosure date, with an amount not less than RMB 200 million and not more than RMB 300 million. This plan does not set a price range and will be implemented at opportune times based on market trends and stock price fluctuations.
As a shareholder holding more than 5% of the Company, Hunan Iron & Steel Group cumulatively increased its shareholding by 59,349,200 shares via centralized bidding between June 29, 2026, and August 6, 2026. As of the disclosure date, Hunan Iron & Steel Group and its persons acting in concert hold 3,220,726,381 shares, accounting for 47.00% of the total share capital. This equity change reached an integer multiple of 1%. The increase plan has not yet been completed, and Hunan Iron & Steel Group will continue to implement it.
On August 6, 2026, the Company received the "Notification Letter Regarding the Increase in Valin Steel Shareholding Reaching an Integer Multiple of 1%" from the controlling shareholder.
I. Basic Situation of the Increase Plan
Based on the recognition of the company's value and confidence in its future sustainable and stable development, and to boost investor confidence, safeguard investor interests, and promote the company's continuous, stable, and healthy development, the Company's controlling shareholder, Hunan Iron & Steel Group, intended to increase its shareholding in the Company via the Shenzhen Stock Exchange trading system through centralized bidding within 6 months from June 27, 2026, with an amount not less than RMB 200 million and not more than RMB 300 million. Please refer to the "Announcement on the Controlling Shareholder's Plan to Increase Company Shareholding (Announcement No.: 2026-34)" disclosed by the Company on June 27, 2026.