Chongqing Iron & Steel: Plans to issue A shares to specific investors to raise funds up to 1 billion Yuan.

Chongqing Iron and Steel Announcement: The company plans to issue A shares to specific entities to raise funds totaling no more than 1 billion yuan, which will be used to supplement working capital and repay bank loans after deducting issuance expenses. The issuance entity this time is Huabao Investment, with an issuance price of 1.32 yuan per share. The number of shares issued is 758 million shares, not exceeding 30% of the company's share capital before this issuance. Huabao Investment intends to subscribe for 1 billion yuan, with the number of subscribed shares calculated by dividing the intended subscription amount by the issuance price, rounding to the nearest whole number ignoring decimal points, and the amount corresponding to the fraction less than one share is entered into the company's capital reserve.