Zhitong Finance App News, China Oriental Group (00581.HK) announced that on October 16, 2024 (after the Hong Kong trading session), the company and ArcelorMittal, the company's main shareholder, concluded: (i) an upstream joint venture agreement, according to which (including) the company and/or ArcelorMittal conditionally agreed to establish an upstream joint venture to engage in the production of hot-rolled substrates and other products jointly determined by the joint venture partners; and (ii) a downstream joint venture agreement, according to which the joint venture partner We have conditionally agreed to establish a downstream joint venture to engage in the production of new energy soft magnetic material products.

Zhitong Finance App News, China Oriental Group (00581.HK) announced that on October 16, 2024 (after the Hong Kong trading session), the company and ArcelorMittal, the company's main shareholder, concluded: (i) an upstream joint venture agreement, according to which (including) the company and/or ArcelorMittal conditionally agreed to establish an upstream joint venture to engage in the production of hot-rolled substrates and other products jointly determined by the joint venture partners; and (ii) a downstream joint venture agreement, according to which the joint venture partner We have conditionally agreed to establish a downstream joint venture to engage in the production of new energy soft magnetic material products.