Core Viewpoint - Anyang Iron and Steel (600569.SH) abruptly terminated its major asset restructuring plan, opting instead to sell stakes in two subsidiaries to its controlling shareholder, Anyang Iron and Steel Group, due to historical issues related to land and property rights that complicated the original plan [1][2][5]. Group 1: Asset Restructuring and Changes - The initial plan aimed to extend upstream through a significant asset restructuring, but it was hindered by "historical legacy issues" with the target assets, leading to a shift from expansion to internal contraction [2][5]. - On August 26, 2025, the board approved the termination of the original restructuring plan, citing difficulties in advancing the asset swap due to unresolved historical issues [5][6]. - The company has committed to not planning any major asset restructuring for at least one month following the announcement, with future actions dependent on market conditions and asset status [5][6]. Group 2: Financial Implications and Performance - The revised plan involves selling 78.14% of Yongtong Company and 100% of Yuhe Company to Anyang Iron and Steel Group for cash, which is expected to enhance liquidity and improve the company's operational status [6][7]. - The financial performance of the subsidiaries being sold is concerning, with Yongtong Company reporting a net loss of 1.09 billion in 2024 and a slight profit of 204.31 million in the first half of 2025, while Yuhe Company continued to incur losses [7][8]. - The controlling shareholder, Anyang Iron and Steel Group, has a high debt ratio of approximately 79.98% and reported a net loss of 3.204 billion in 2024, raising questions about its ability to finance the acquisition [8].

Core Viewpoint - Anyang Iron and Steel announced that it will hold the third extraordinary general meeting of shareholders on September 18, 2025, to review proposals for providing guarantees for its subsidiaries [1] Group 1 - The company will discuss a proposal to provide guarantees for its subsidiary, Henan Angang Zhoukou Steel Co., Ltd. [1] - The company will also review a proposal to provide guarantees for its subsidiary, Henan Angang Southern Electromagnetic New Materials Technology Co., Ltd. [1]

Core Viewpoint - Anyang Steel's major asset restructuring plan was abruptly terminated due to historical issues related to the land and property rights of its subsidiary, resulting in a shift from expansion to a cash sale of stakes in two subsidiaries to its controlling shareholder, Anyang Steel Group [2][6][7]. Group 1: Restructuring Plan and Changes - Initially, Anyang Steel aimed to extend upstream through a significant asset restructuring, which was approved by the board on December 12, 2024 [3]. - The restructuring plan involved swapping stakes in its subsidiaries, Yongtong Company and Yuhe Company, for shares in Maoyang Mining Company, with the intention of enhancing raw material security and cost control [3][4]. - However, the plan was halted due to the discovery of historical issues during the audit process, leading to a change in strategy [6][9]. Group 2: New Strategy and Financial Implications - The company opted to sell 78.14% of Yongtong Company and 100% of Yuhe Company to Anyang Steel Group for cash, which is expected to improve liquidity and optimize the asset structure [7][8]. - This sale is anticipated to provide a significant cash inflow, which is crucial for Anyang Steel's ongoing transformation towards high-end, intelligent, and green production [7][8]. - The financial performance of the subsidiaries being sold has been unstable, with Yongtong Company reporting a net loss of 1.09 billion in 2024 and Yuhe Company also showing losses [8]. Group 3: Financial Health of Controlling Shareholder - Anyang Steel Group's financial status raises concerns, with total assets of 583 billion and liabilities of 466.28 billion, resulting in a debt ratio of approximately 79.98% [8]. - Despite achieving a net profit of 1.20 billion in the first half of 2025, the group reported a loss of 32.04 billion for the entire year of 2024, raising questions about its ability to finance the acquisition [8][9].

Core Points - The company announced the convening of the third extraordinary general meeting of shareholders for 2025 on September 18, 2025, at 9:30 AM [2][5] - The meeting will be held at the company's conference room located at 502 Ansteel Avenue, Yindu District, Anyang City, Henan Province [2][10] - Voting will be conducted through a combination of on-site and online methods, utilizing the Shanghai Stock Exchange's network voting system [3][4] Meeting Details - The meeting will include voting on previously disclosed proposals, with specific attention to the voting rights of minority investors [6][7] - There are no special resolutions or related party voting issues to be addressed during this meeting [7] - Shareholders must complete voting on all proposals before submission [9] Registration and Attendance - Eligible shareholders must register with appropriate documentation, including identification and proof of shareholding [11][12] - Registration will take place on September 16, 2025, from 8:30 AM to 11:30 AM and 2:00 PM to 5:30 PM [12] - The company will not cover travel or accommodation expenses for attending shareholders [14] Investor Communication - The company held an investor briefing on September 2, 2025, to discuss the termination of a major asset restructuring plan and the sale of subsidiary equity to the controlling shareholder [20] - Key concerns raised by investors included the reasons for terminating the asset restructuring and its impact on the company's future performance [21] - The company reassured investors that the termination would not adversely affect its strategic direction or future performance, emphasizing a focus on enhancing profitability and optimizing asset structure [21]

Group 1 - The company held an investor briefing on September 2, 2025, to announce the termination of a major asset restructuring plan and the decision to sell subsidiary equity to its controlling shareholder [1] - The company explained that the termination of the asset restructuring was due to historical ownership issues related to the land and property rights of Henan Angang Group Wuyang Mining Co., Ltd., which required more time to resolve [1] - The sale of equity to the controlling shareholder is expected to enhance the company's profitability, quickly replenish cash flow, and further optimize the asset structure [1] Group 2 - The company assured investors that the termination of the restructuring would not have a significant adverse impact on its development strategy, operational planning, or future performance [1] - The company is committed to advancing its development strategy focused on "high-end, intelligent, green, and special steel transformation," while continuously optimizing its product structure [1] - The company stated that it would not initiate any major asset restructuring for at least one month following the announcement of the termination, but may consider future opportunities based on industry and market conditions [1]

Meeting Information - The third temporary shareholders' meeting of Anyang Iron & Steel Co., Ltd. is scheduled for September 18, 2025 [1] - The meeting will be held at 9:30 AM at the company's conference room located at 502 Anyang Steel Avenue, Yindu District, Anyang City, Henan Province [1] - Voting will be conducted through a combination of on-site and online methods using the Shanghai Stock Exchange's online voting system [1] Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange's online voting system, with voting available from 9:15 AM to 3:00 PM on the day of the meeting [2][3] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts for the same class of shares [3][4] - The first voting result will be considered valid if the same voting right is exercised multiple times [4] Attendance and Registration - Shareholders registered with the China Securities Depository and Clearing Corporation Limited as of the close of trading on September 15, 2025, are eligible to attend the meeting [4] - Registration for attendance must be completed by presenting identification, shareholding proof, and any necessary authorization documents [5] - Registration will take place on September 16, 2025, from 8:30 AM to 11:30 AM and 2:00 PM to 5:30 PM at the company's board office [5] Agenda Items - The meeting will review non-cumulative voting proposals, including guarantee proposals from two companies [2] - There are no related shareholders required to abstain from voting on the proposals [2]

Core Viewpoint - Anyang Steel (600569.SH) has terminated its major asset restructuring plan due to historical land and property rights issues related to Henan Angang Group Wuyang Mining Co., Ltd, and will instead sell stakes in subsidiaries to its controlling shareholder to enhance profitability and optimize asset structure [1] Group 1 - The company held an investor briefing on September 2 to explain the reasons for terminating the major asset restructuring [1] - The decision to change the plan involves selling all stakes in Yongtong Company and Yuhe Company to the controlling shareholder, Angang Group [1] - The company aims to accelerate profitability, improve cash flow, and optimize its asset structure through this new strategy [1] Group 2 - The company stated that the termination of the restructuring will not have a significant adverse impact on future performance [1] - The company plans to advance its development strategy focused on "high-end, intelligent, green, and special steel transformation" [1]

Core Viewpoint - Anyang Steel (600569.SH) announced the termination of its major asset restructuring due to historical ownership issues related to land and property rights at Henan Angang Group Wuyang Mining Co., Ltd, which hindered the original plan [1] Group 1: Asset Restructuring - The company held an investor briefing on September 2 to explain the reasons for terminating the major asset restructuring [1] - The decision was made to change the plan and sell all holdings in Yongtong Company and Yuhe Company to the controlling shareholder Angang Group [1] - This strategic shift aims to enhance the company's profitability, improve cash flow, and optimize asset structure [1] Group 2: Future Strategy - The company stated that the termination of the restructuring will not have a significant adverse impact on future performance [1] - The company plans to advance its development strategy focusing on "high-end, intelligent, green, and special steel transformation" [1]

关于终止筹划重大资产重组并变更为向控股股东出售 子公司股权投资者说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、本次说明会召开情况 安阳钢铁股份有限公司（以下简称公司）于 2025 年 9 月 2 日（星 期二）16:00-17:00 于上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/）以网络互动方式召开关于终止筹划 重大资产重组并变更为向控股股东出售子公司股权投资者说明会。公 司董事长程官江，财务负责人郭成许，董事会秘书郝猛，交易对方代 表安阳钢铁集团有限责任公司财务资产部副总监王军胜，独立财务顾 问主办人五矿证券有限公司赖洁楠参加了投资者说明会活动，与投资 者进行了互动交流和沟通，就投资者普遍关注的问题进行了解答。 证券代码：600569 证券简称：安阳钢铁 编号：2025－089 安阳钢铁股份有限公司 二、投资者提出的主要问题及公司回复情况 问题一：请问公司为什么要终止资产重组？ 回复：本次筹划重大资产重组过程中，公司选聘了财务顾问、审 计机构、 ...

证券代码：600569 证券简称：安阳钢铁 公告编号：2025-088 安阳钢铁股份有限公司 关于召开2025年第三次临时股东会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第三次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 18 日 9 点 30 分 召开地点：河南省安阳市殷都区安钢大道 502 号 公司会议室 (五)网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年9月18日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 18 日 至2025 年 9 月 18 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15: ...