Actual controller of TISCO Stainless Steel changed to SASAC of State Council

TISCO Stainless Steel announced on the noon on August 21 that the actual controller of the company will be changed from the State-owned Assets Supervision and Administration Commission of Shanxi to the State-owned Assets Supervision and Administration Commission of the State Council, while the company's direct controlling shareholder remains unchanged.

According to the announcement, on the morning of the same day, Shanxi State-owned Capital Operation Co., Ltd.Asian Metal Copyright The actual controller of TISCO Stainless Steel will be changed from the State-owned Assets Supervision and Administration Commission of Shanxi to the State-owned Assets Supervision and Administration Commission of the State Council.Asian Metal Copyright, which holds 100% of the company's controlling shareholder Taiyuan Iron and Steel (Group) Co.Asian Metal CopyrightTISCO Stainless Steel announced on the noon on August 21 that the actual controller of the company will be changed from the State-owned Assets Supervision and Administration Commission of Shanxi to the State-owned Assets Supervision and Administration Commission of the State Council, while the company's direct controlling shareholder remains unchanged.Asian Metal Copyright, Ltd.Asian Metal Copyright under the State-owned Assets Supervision and Administration Commission of the State Council.Asian Metal Copyright signed an agreement with China Baowu Iron and Steel Group Co.Asian Metal Copyright The direct controlling shareholder of TISCO Stainless remains unchanged and remains the TISCO Group.Asian Metal Copyright, Ltd.Asian Metal Copyright The direct controlling shareholder of TISCO Stainless remains unchanged and remains the TISCO Group.Asian Metal Copyright under the State-owned Assets Supervision and Administration Commission of the State Council.Asian Metal Copyright, which holds 100% of the company's controlling shareholder Taiyuan Iron and Steel Group Co.Asian Metal Copyright According to the agreement, Shanxi State-owned Operations will transfer its 51% stake in Taiyuan Iron and Steel Group to China Baowu for free.

After the transfer is completed, China Baowu will indirectly control 62.7% of TISCO Stainless Steel's shares through TISCO and realize the control of TISCO Stainless Steel.Asian Metal Copyright According to the agreement, Shanxi State-owned Operations will transfer its 51% stake in Taiyuan Iron and Steel Group to China Baowu for free.Asian Metal Copyright The actual controller of TISCO Stainless Steel will be changed from the State-owned Assets Supervision and Administration Commission of Shanxi to the State-owned Assets Supervision and Administration Commission of the State Council.Asian Metal Copyright The actual controller of TISCO Stainless Steel will be changed from the State-owned Assets Supervision and Administration Commission of Shanxi to the State-owned Assets Supervision and Administration Commission of the State Council.Asian Metal Copyright The direct controlling shareholder of TISCO Stainless remains unchanged and remains the TISCO Group.

.Asian Metal Copyright, LtdAsian Metal Copyright