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Baosteel Group intends to 9.76% Baosteel free transfer to the three state-owned enterprises

Baosteel 19 evening announcement, the controlling shareholder of Baosteel Group intends to transfer the shares to free Chengtong Holding, the new Investment and CNPC, the transfer of shares of listed companies accounted for 2.45% of total share capital, 2.45% and 4.86%.
Notice that, in accordance with the overall arrangements for the work to deepen and deploy SASAC owned enterprise reform, Baosteel Group intends to transfer the Company held 403,439,717 A shares transferred without compensation to Beijing Chengtong Holdings, 403 , 439,717 A shares free of charge transferred to the new investor.
Free transfer before the above, the Group owns 13,130,265,267 shares of the Company's A shares, representing 79.74% of the company's total share capital.
After the above-described free transfer is completed, the company Baosteel Group holds 12,323,385,833 shares A shares, representing 74.84% of the company's total share capital; Chengtong Holding Company will hold 403,439,717 shares A shares, representing 2.45% of the company's total share capital; new investments in the country will hold the company 403,439,717 a shares, representing 2.45% of the company's total share capital.
Meanwhile, Baosteel also announced Baosteel Group intends to transfer the Company held 800 million shares of A shares, representing 4.86% of the company's total share capital, free of charge transferred to CNPC. After the free transfer is completed, the company Baosteel Group holds 12,330,265,267 shares of A shares, representing 74.88% of the company's total share capital; CNPC will hold 800,000,000 A shares of the Company shares, representing 4.86% of the company's total share capital.

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