According to the Benxi Steel Sheet announcement, the company plans to replace major assets with Benxi Iron and Steel, to take 100% of the shares in Benxi Iron and Steel Mining Co., Ltd., and to lay out all assets and liabilities other than reserved assets and liabilities. The difference will be covered by cash. As of the disclosure date of the announcement, the company has re-examined and updated the warrants on the assets to be placed in the mining industry. The transaction plan is being further verified, communicated and negotiated. No elements such as the scope of assets and transaction price of the subject matter of the transaction have been finalized. The transaction does not rule out the possibility of plan adjustments, suspension or cancellation, and there is still uncertainty about related matters.

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