Shougang Co., Ltd. announced that the company plans to transfer a total of 587,911,257 shares held by 11 shareholders of the holding subsidiary Shougang Zhixin Electromagnetic Materials Co., Ltd. in cash, accounting for 19.60% of Shougang Zhixin's total shares. After the transaction is completed, the company will hold 85.83% of Shougang Zhixin's shares and will remain its controlling shareholder. This transaction is a related transaction. The relevant directors have avoided voting, and the relevant bill still needs to be submitted to the shareholders' meeting for consideration. The board of directors of the company is scheduled to hold the 2026 Second Extraordinary Shareholders' Meeting on November 3, 2026 to consider related matters.

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