The major asset swap transaction of BSP is still in progress, and the outcome remains uncertain

BSP announced the progress of significant asset replacement and related party transactions. The company plans to exchange assets with Benxi Steel, acquiring 100% equity of Benxi Steel Mining Company and disposing of all assets and liabilities except for retained assets and liabilities. Since the planning began in March 2023, multiple progress updates have been disclosed, and in June 2023, the company received a letter of concern from the Shenzhen Stock Exchange and conducted verification and assessment. As of the announcement date, the transaction plan requires further verification and negotiation, and elements such as the scope and price of the target assets have not been determined, with the possibility of plan adjustments, suspension, or cancellation not being ruled out. The company will disclose progress in a timely manner and remind investors to pay attention to risks