Fangda Carbon: Steel Company Invests 2.45 Billion Yuan to Acquire Equity of Multiple Companies

Fangda Carbon announced that on March 23, 2026, its affiliated company Nanjing Huxu, which it participated in establishing, formed a steel investment fund and signed a "Equity Transfer Agreement" with Song De'an, Dai Lingying, and Tong Xiuyun to purchase equity in several companies including Yunnan Desheng Vanadium Titanium New Materials for a total of 2.45 billion yuan. On April 15, the steel investment fund had already paid 50% of the first installment. The transaction still needs to undergo antitrust review, and there is uncertainty as to whether it will be completed. If successful, the steel investment fund will become the controlling shareholder of several target companies.