xinsteel(SH:600782) Zheng Quan Zhi Xing·2025-08-01 16:23Core Viewpoint - The legal opinion letter from Jiangxi Huabang Law Firm confirms that Xinyu Steel Group Co., Ltd. is legally qualified to increase its shareholding in Xinyu Steel Co., Ltd. and that the increase complies with relevant laws and regulations [1][9]. Group 1: Shareholding Increase Details - Xinyu Steel Group held 1,428,799,497 shares of Xinyu Steel Co., Ltd., accounting for approximately 45.42% of the total share capital before the increase [7]. - The increase plan involves acquiring shares worth between RMB 150 million and RMB 300 million, with a maximum increase of 2% of the total issued shares within 12 months starting from August 23, 2024 [7][8]. - After the completion of the increase, Xinyu Steel Group holds 1,469,118,997 shares, representing 46.16% of the total share capital [8]. Group 2: Compliance with Regulations - The increase qualifies for exemption from mandatory tender offer requirements as Xinyu Steel Group's shareholding exceeded 30% prior to the increase, and the increase does not exceed 2% within the specified period [9]. - The company has fulfilled its information disclosure obligations regarding the increase plan, as announced on August 23, 2024 [9].