Shougang Corporation: Plans to repurchase 40 to 80 million shares of stock.

Shougang Corporation announced that the company plans to repurchase some of its A-shares held by the public for the implementation of a stock incentive plan. The repurchase price will not exceed 6.5 yuan per share. It is estimated that the repurchase quantity will range from 40 million shares to 80 million shares, accounting for 0.52% to 1.03% of the company's total share capital. Based on the maximum repurchase price, the estimated repurchase amount is approximately 260 million yuan to 520 million yuan. The implementation period of this share repurchase is not more than 12 months from the date when the final repurchase plan is approved by the board of directors.