CHONGQING IRON (01053) announced that the company recently received a批复 [Baowu Document (2025) No. 347] titled "Reply on CHONGQING IRON's A-Share Private Placement to Specific Investors" from its controlling shareholder, China Baowu Steel Group Corp., Ltd. China Baowu has granted its in-principle approval for the company's proposed A-share private placement plan.