Valin Steel(SZ:000932) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-27 00:45Core Viewpoint - The company, Hunan Huazhong Steel Co., Ltd. (referred to as "the company" or "Huazhong Steel"), is experiencing a significant increase in shareholding by its major shareholder, Xintai Life Insurance Co., Ltd. (referred to as "Xintai Life"), reflecting confidence in the company's future development and long-term investment value [3][4]. Group 1: Shareholding Increase Plan - Xintai Life announced a shareholding increase plan on September 11, 2025, intending to acquire no less than 1% (69,086,400 shares) and no more than 2% (138,172,700 shares) of the company's total shares within six months [3][4]. - As of September 26, 2025, Xintai Life has already acquired 69,086,346 shares, raising its total holdings to 483,604,221 shares, which constitutes 7% of the company's total share capital [4]. - The increase in shareholding has surpassed the 1% integer threshold, and the plan is still ongoing, with Xintai Life committed to continuing the acquisition [4]. Group 2: Compliance and Regulations - The shareholding increase plan complies with relevant laws and regulations, including the Company Law of the People's Republic of China and the Securities Law [7]. - Xintai Life has committed to not reducing its shareholdings during the implementation of the plan and to adhere to all applicable regulations regarding insider trading and short-term trading [5][7]. - Any changes in the company's capital structure, such as dividends or stock splits, will prompt Xintai Life to adjust its acquisition plan accordingly [7].