Shao energy shares: shareholder Zhao Weihengfa reduces holdings by 1.97%.

Shagang Energy announced that its shareholder Shenzhen Zhaowei Hengfa Energy Co., Ltd. has reduced its holdings by a total of 20,964,700 shares through block trading and centralized bidding from November 10 to 17, 2025, accounting for 1.97% of the company's total share capital, and its stake has decreased to 8.38%. Its reduction plan is to not exceed 31,444,100 shares from November 10, 2025 to February 9, 2026, accounting for 3.00% of the share capital excluding the repurchase. The company canceled the repurchase of 16,208,300 shares on November 7, with a total share capital of 1.064 billion shares after the cancellation.