Shougang Corporation: Planning to issue convertible bonds and purchase assets with cash, stock remains suspended.

Shougang Group announced that the company is planning to issue convertible corporate bonds, pay cash to purchase assets, and raise supporting funds. The company's stock will be suspended from trading starting from March 27, 2026. Currently, the company and relevant parties are conducting due diligence, feasibility studies, etc. The stock will continue to be suspended. During the suspension period, the company will release progress announcements every five trading days. The stock will resume trading after the relevant matters are confirmed. This transaction still needs to go through internal decision-making procedures, and there is uncertainty as to whether it can be implemented after approval from regulatory authorities.