[Caihua News] Xiwang Special Steel (01266.HK) announced that Dongxiwang Investment Co., Ltd. (Xiwang Investment), one of the company's holding companies, announced that a total of 276,943,000 shares of the company will be sold from September 1, 2021 to September 9, 2021. Immediately prior to the sale, Xiwang Investment directly or indirectly held a total of 1,145,036,000 shares. Following the sale, Xiwang Investment directly or indirectly held a total of 868,093,000 shares.
The company anticipates that the sale will have no adverse effect on the Group's operations. As of the announcement date, Xiwang Investment remains the controlling shareholder of the company.