This steel plate: intends to carry out a major asset swap with Benxi Iron and Steel, with the plan to be determined.

The announcement of Bengang Steel Plate states that the company plans to conduct an asset swap with Benxi Iron and Steel, intending to transfer 100% equity of Benxi Iron and Steel Mining Co., Ltd., and to transfer all assets and liabilities except for retained assets and liabilities, with the difference being supplemented with cash. As of the disclosure date of the announcement, the transaction plan needs further verification and negotiation, and factors such as the scope of target assets, transaction price, etc. have not been finally determined. This transaction may be adjusted, suspended, or canceled. After the relevant matters are confirmed, the company will convene the board of directors for further review.