COFCO Zhongyuan Special Steel

January 22 evening, the Central Plains Steel announced that the controlling shareholder of China South Industries Group Corporation (hereinafter referred to as "South Group") decided to hold 67.42% stake in listed companies, free transfer to COFCO. Upon completion of the equity transfer, COFCO will become a direct shareholder of the Company and the actual controller remains the SASAC. Both parties have signed the agreement on the transfer without compensation and have obtained the approval of the State Bureau of Science and Technology.