CITIC Special Steel announced that Taifu Kechuang Special Steel Co., Ltd., a wholly-owned subsidiary of the company, used 1,510 billion yuan of its own capital to acquire 100% of the shares of Guangzhou Airport Industry Investment Group Co., Ltd., and has now completed all settlement work, the transaction consideration has been paid, and Fujingte has updated its shareholder register. Fujing is a wholly-owned controlling shareholder of Stanco Global Holdings Co., Ltd., and owns 33 of its subsidiaries and various branches or representative offices through Stanco Holdings. After the transaction is completed, Fujing will become a wholly-owned subsidiary with indirect shareholding of the company and will be included in the scope of the company's consolidated financial statements.

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