HUAIBEI GD CO: The restructuring at the level of the controlling shareholder will not change the ultimate beneficial owner of the company

HUAIBEI GD CO announced that a reorganization will take place at the level of the controlling shareholder. HuaiBei Hongjian Construction Engineering Co., Ltd. will be renamed HuaiBei Xinghuai Capital Holdings Co., Ltd. and transferred to the HuaiBei State-owned Assets Supervision and Administration Commission. The new company, HuaiBei Xinghuai Mining Co., Ltd., will be wholly owned by Xinghuai Capital. The 74.25% shares held by HuaiBei Construction Investment Group will be transferred to Xinghuai Mining free of charge, and the ultimate beneficial owner after the reorganization will still be the HuaiBei State-owned Assets Supervision and Administration Commission