Shandong Iron and Steel: Waive the Preemptive Right to Purchase Shares of Shan Jiao Rizhao

Shandong Steel announced that its subsidiary company Shandong Jiaoxiao Sales Rizhao Co., Ltd., in which the company holds 18.54% of the shares, Jiuyang Group plans to transfer 4.29% of the equity, and Rizhao Port plans to transfer 9.43% of the equity to its wholly-owned subsidiary Rizhao Port Container Development Co., Ltd. The company has decided to waive the preemptive right to purchase the above-mentioned shares. After the transaction is completed, the company's shareholding ratio in Shandong Jiaoxiao Rizhao will remain unchanged.