Shandong Iron and Steel (600022.SH) relinquish their priority purchase rights to acquire shares in their affiliated company Shandong Molong Rizhao.

Zhitong Finance APP News, Shandong Iron and Steel (600022.SH) announced that Shandong Jiao Xiaozha Sales Co., Ltd. (hereinafter referred to as "Shandong Jiao Xiaozha") is a company's equity joint venture, with a shareholding ratio of 18.54%. Recently, the company received a "Equity Transfer Notice" from Shandong Jiuyang Group Co., Ltd. (hereinafter referred to as "Jiuyang Group"), proposing to transfer 4.29% of the shares of Shandong Jiayu Xiaozha held by Jiuyang Group; and received a "Equity Transfer Notice" from Rizhao Port Co., Ltd. (hereinafter referred to as "Rizhao Port"), transferring 9.43% of the shares of Shandong Jiayu Xiaozha held by Rizhao Port to its wholly-owned subsidiary Rizhao Port Container Development Co., Ltd. According to the actual situation of the company, the company waives the preemptive right to purchase the above-mentioned equity. After the completion of the transaction, the company's shareholding ratio in Shandong Jiayu Xiaozha remains unchanged.