Taigang Stainless Steel: Signed a framework agreement for the supply of raw and auxiliary materials, with an estimated associated transaction amount of approximately RMB 9.2 billion by 2026.

TISCO Stainless Steel announced that the company held the 38th meeting of the 9th Board of Directors on December 3, 2025, and approved the "Proposal on Signing an Agreement with TISCO Group", in which Taiyuan Iron and Steel Co., Ltd. will supply the company with the necessary raw materials such as concentrate powder and pellets for production. The company expects that the "Raw Material Supply Framework Agreement" for 2026 will generate related party transactions of approximately 9.2 billion yuan, which exceeds 5% of the company's most recent audited net assets. According to relevant regulations of the Shenzhen Stock Exchange, this transaction still needs to be approved by the shareholders' meeting, and related parties with interests in the transaction will abstain from voting.