Shandong Iron and Steel: Holding subsidiary plans to apply for bankruptcy liquidation, expected to increase profits by 15.88 million yuan.

Shandong Iron and Steel announced that the 18th meeting of the 8th Board of Directors of the company approved the proposal of its holding subsidiary Metallurgical Ecology to apply for bankruptcy liquidation. Metallurgical Ecology has ceased operations, with assets of 91,200 yuan and liabilities of 33,805,500 yuan as of October 31, 2025. The owner's equity is -33,714,300 yuan, and the assets do not cover the liabilities. The company holds a 51% stake in Metallurgical Ecology. If the bankruptcy liquidation application is accepted, it will no longer be included in the company's consolidated financial statements, and is expected to increase the net profit attributable to the parent by 15.88 million yuan. The final result will be based on the audit findings. This matter is beneficial for the company to focus on its main business and reduce risks.