Core Viewpoint - Shandong Steel plans to acquire 100% equity of Yingshan Steel from Lai Steel Group for RMB 714 million to eliminate industry competition and enhance operational efficiency [1] Group 1: Acquisition Details - The acquisition will be executed through a non-public agreement using the company's own cash [1] - Yingshan Steel's main business includes the production and sales of plate and strip steel, pig iron, steel billets, and steel by-products, as well as power supply and technical cooperation [1] - The transaction aims to resolve the existing industry competition between the company and Yingshan Steel, thereby reducing related party transactions [1] Group 2: Strategic Objectives - The acquisition is intended to optimize the company's product structure and improve scale efficiency [1] - The move is expected to enhance the company's core competitiveness, investment value, and shareholder returns [1] - Post-transaction, Yingshan Steel will become a wholly-owned subsidiary, eliminating industry competition within the controlling shareholder, Shandong Steel Group [1]