[Nangang Co., Ltd.: The controlling shareholder plans to be absorbed and merged by Nanjing Iron and Steel Group] On September 28, Nanjing Iron and Steel Co., Ltd. (600282.SH) announced that the company’s controlling shareholder Nanjing Iron and Steel Co., Ltd. planned to be absorbed and merged by Nanjing Iron and Steel Group. Nanjing Iron and Steel Group will acquire 57.13% of the company’s shares held by Nanjing Iron and Steel Co., Ltd. and 100% of Nanjing Iron and Steel Co., Ltd.’s equity. After the completion of the transaction, the company's direct controlling shareholder was changed from Nanjing Steel Union to Nanjing Steel Group, while the actual controller CITIC Group remained unchanged. This merger is to optimize the equity structure and reduce the legal person level, and will not have a significant impact on the company's daily operations.