Liugang Co., Ltd. announced that the company plans to issue shares and pay cash to purchase 13% of Guangxi Iron and Steel Group's shares and raise supporting capital. An audit inquiry letter was received from the Shanghai Stock Exchange on July 8. Since some matters require further implementation, the company has applied for an extension of no more than 1 month from the date the inquiry letter response period expires to submit relevant documents such as responses. The transaction has yet to be reviewed and approved by the Shanghai Stock Exchange and registered by the Securities Regulatory Commission. It is uncertain whether it will be approved or when.

Liugang Co., Ltd. announced that the company plans to issue shares and pay cash to purchase 13% of Guangxi Iron and Steel Group's shares and raise supporting capital. An audit inquiry letter was received from the Shanghai Stock Exchange on July 8. Since some matters require further implementation, the company has applied for an extension of no more than 1 month from the date the inquiry letter response period expires to submit relevant documents such as responses. The transaction has yet to be reviewed and approved by the Shanghai Stock Exchange and registered by the Securities Regulatory Commission. It is uncertain whether it will be approved or when.