FRKJ: Fujian Metallurgy transfers 80% equity to Provincial Industrial Control Group without compensation

FRKJ announced that the Fujian Provincial State-owned Assets Supervision and Administration Commission will transfer its 80% equity stake in Fujian Metallurgy to the Provincial Industrial Control Group without compensation, resulting in the Provincial Industrial Control Group indirectly holding equity in FRKJ and becoming its indirect controlling shareholder. This acquisition does not involve any payment and complies with the circumstances exempt from making an offer as stipulated in Article 63 of the Measures for the Administration of Acquisitions of Listed Companies. After the acquisition is completed, the Provincial Industrial Control Group will indirectly control 65.72% of the voting rights of FRKJ's shares, and there will be no change in the company's controlling shareholder and actual controller