Zhitong Finance App News, Maanshan Iron & Steel Co., Ltd. (00323) announced that on July 31, 2026, Ma Steel Co., Ltd. and Baowu Water will have another 15 shareholders (China Baowu, Ma Steel Group, Baowu Carbon, Baohua Zhanjiang, WISCO Group, Baosteel Engineering, Baosteel Co., Ltd., Zhanjiang Steel, Meishan Steel, Zhongnan Co., Ltd., Echeng Steel, Chongqing Steel, TISCO, Baogang Desheng), and Baosteel Development, Baodi Nanjing, Shanghai Desheng) Wu, Zhongnan Steel and TISCO Group signed a capital increase agreement. According to this, Ma Steel Co., Ltd. and 15 other shareholders of Baowu Water agreed to increase Baowu Environmental Technology's capital with 96.48% of Baowu Water's shares with a total value of about 3.485 billion yuan. Of this, about 333 million yuan is Baowu Environmental Technology's registered capital, and about 3.152 billion yuan is Baowu Environmental Technology's capital reserve. Among them, Ma Steel Co., Ltd. increased Baowu Environmental Technology's capital by about 114 million yuan at the cost of 3.151% of Baowu Water's shares.
After the capital increase was completed, Ma Steel Co., Ltd. and 15 other shareholders of Baowu Water became Baowu Huanke shareholders and no longer held Baowu Water's shares. Ma Steel Co., Ltd. held approximately 1.04% of Baowu Environmental Technology's shares.
After the capital increase of Ma Steel Limited is completed, Ma Steel Co., Ltd. will be changed from a shareholder of Baowu Water to a shareholder of Baowu Environmental Technology. Ma Steel Limited's capital increase project is conducive to building a green industry platform for comprehensive environmental management integrating water and gas, and obtaining more comprehensive and efficient environmental service support for Ma Steel Limited's green and low-carbon transformation. Furthermore, after Ma Steel Co., Ltd. became a shareholder of Baowu Environmental Technology, through capital ties, Ma Steel Co., Ltd. was able to share the dividends of the development of the environmental protection industry and enjoy the collaborative benefits brought about by the “integrated water and gas fixation” industrial layout.
As of the date of this announcement, Ma Steel Co., Ltd. is a subsidiary of the company. China Baowu and Ma Steel Group are all controlling shareholders of the company. In total, China Baowu indirectly holds about 53.15% of the company's shares, while Ma Steel Group holds about 48.49% of the company's shares.