XiNing Special Steel Co., Ltd. (SHSE:600117) intend to acquire Xining Xigang Welfare Co., Ltd. from Xining Special Steel Group Co., Ltd. for CNY 15.5741 million on October 28, 2022. The necessary authorization and consent for this equity transfer have been obtained, and the necessary authorization and consent will be obtained in a timely manner according to the needs of this equity transfer. The transaction still needs to be submitted to the company's general meeting of shareholders for deliberation.

As of November 14, 2022, The shareholders of XiNing Special Steel has approved the deal on Second Extraordinary General Meeting of Shareholders held on November 14, 2022.