Xining Special Steel: Intends to borrow 150 million yuan from the controlling shareholder.

Xining Special Steel announced that the company will hold a board meeting on March 18, 2026 to consider and approve the proposal to borrow 150 million yuan from its controlling shareholder, Tianjin Jianlong. The loan will have a term of 2 years, an annual interest rate of 4.75%, and no collateral is required. Tianjin Jianlong holds 29.96% of the company's shares, making this loan a related party transaction but not a major asset restructuring. As such, it does not require approval from the shareholders' meeting within the authority of the board of directors. This loan will help meet the company's daily operational and business development needs without harming the interests of small and medium shareholders.