Xining Special Steel (600117.SH): Wuhu Xinzehai plans to transfer 14.63% of the company's shares to Qinghai Guotou.

Xining Special Steel (600117.SH) announced that the shareholder holding more than 5% of the company's shares, Wuhu Xinze Seafood Industry Investment Partnership Enterprise and its concerted actioner Qinghai State-owned Assets Management Co., Ltd., Qinghai Xinsi Real Estate Co., Ltd., Qinghai Province Third Construction Engineering Co., Ltd., collectively hold 21.09% of the company's shares. Qinghai Guotou and Wuhu Xinze Seafood signed an agreement, where Wuhu Xinze Seafood intends to transfer its 14.63% holding in the company to Qinghai Guotou; Qinghai Guotou and Qinghai Third Construction signed an agreement, where Qinghai Third Construction intends to transfer its 3.07% holding in the company to Qinghai Guotou. This share transfer does not constitute a related party transaction and does not trigger a mandatory takeover offer. After the completion of this share transfer, there will be no change in the company's controlling shareholder or actual controller, and there will be no change in the company's controlling rights.