Fushun Special Steel (600399.SH): The largest shareholder has been changed to Sha Steel Group, but the ultimate controlling shareholder remains the same.

Fushun Special Steel (600399.SH) announced that some of the borrowings of Northeast Special Steel have been overdue. Due to tight cash flow, after negotiations with Shagang Group, both parties recently signed a "Pledge Securities Disposal Agreement". Northeast Special Steel intends to transfer 50 million shares of the company's stock pledged to Shagang Group to compensate for part of the borrowing. The compensation price for the borrowing is calculated as a total of 294.5 million yuan based on the average closing price of the company's stock for the 20 trading days prior to the signing of the agreement, at 5.89 yuan per share. Before this change in equity, Northeast Special Steel held a 16.52% stake, making it the largest shareholder of the company, while Shagang Group held a 12.89% stake. After the change, Shagang Group's stake increased to 15.43%, making it the largest shareholder of the company. Northeast Special Steel and Shagang Group are controlled by the same ultimate controlling person. After this change in equity, the largest shareholder of the company has changed from Northeast Special Steel to Shagang Group, with Shen Bin remaining the ultimate controlling person.