On August 28, the Shanghai Futures Exchange issued an announcement agreeing to the registration of “Xianggang” brand rebar by Hunan Valin Steel Co., Ltd.: Recently, we received relevant application materials from Hunan Valin Steel Co., Ltd. According to the “Shanghai Futures Exchange Steel Delivery Product Registration Administration Regulations” and other relevant regulations, after research, it was decided: 1. It was agreed that the “Xianggang” brand rebar produced by Hunan Valin Iron and Steel Co., Ltd. will be registered with us and the standard price will be implemented. 2. From the date of the announcement, the above products can be used for the performance and settlement of our rebar futures contracts. Product related instructions are as follows: Registered Company: Hunan Valin Steel Co., Ltd.; Place of Origin: Yangchun, Guangdong; Production Plant: Yangchun New Steel Co., Ltd.; Product Name: Rebar; Registered Trademark: “Xianggang” brand.

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