Shougang Corporation: Terminates planning to issue convertible corporate bonds, pay cash to purchase assets, and raise matching funds.

Shougang Corporation announced that due to the planning of issuing convertible corporate bonds, paying cash to purchase assets, and raising matching funds, the company's stock will be suspended from trading starting from March 27, 2026. As all related parties have failed to reach a consensus on the core terms and trading pace of the transaction, the company has decided to terminate the planning of this transaction. The company's stock will resume trading starting from April 13, 2026. The termination of this transaction will not have any adverse effects on the company's production and operation activities and financial condition.