Shandong High-speed Investment Holdings Co., Ltd. entered into a share transfer agreement to acquire 5.32% stake in Zhongtai Securities Co., Ltd. (SHSE:600918) from Laiwu Steel Group Ltd. for CNY 4 billion on November 30, 2021. In related transactions, Zaozhuang Mining (Group) Co., Ltd. entered into a Free Share Transfer Agreement to acquire 6.57% stake in Zhongtai Securities Co., Ltd. from Shandong Energy Group Co., Ltd for CNY 0 and a share transfer agreement to acquire 26.05% stake in Zhongtai Securities Co., Ltd. from Laiwu Steel Group Ltd. for CNY 19.6 billion on November 30, 2021. transaction is subject to approval by competent state-owned asset regulatory authorities. The transaction has been reviewed and approved by the competent state-owned asset supervision and management agency.

Shandong High-speed Investment Holdings Co., Ltd. completed the acquisition of 5.32% stake in Zhongtai Securities Co., Ltd. (SHSE:600918) from Laiwu Steel Group Ltd. on July 28, 2022.