Anyang Iron and Steel Co., Ltd. (SHSE:600569) intends to acquire 25% stake in Anyang Yuhe Yongtong Pellet Co., Ltd. from VALE MAURITIUS LIMITED for CNY 90 million on December 15, 2021. The consideration will be paid in cash. After the completion of this transaction, Anyang Iron and Steel Co., Ltd.’s shareholding in Anyang Yuhe Yongtong Pellet Co., Ltd will increase from 75% to 100%, and Anyang Yuhe Yongtong Pellet Co., Ltd will change from a holding subsidiary of the company to a wholly-owned subsidiary. This transaction has been reviewed and approved by the company's seventh interim board meeting in 2021, and there is no need to submit it to the company's shareholders meeting for review and approval. As of September 30, 2021, Anyang Yuhe Yongtong Pellet Co., Ltd. had total assets of CNY 773 million and net assets of CNY 476 million.