Baosteel Co., Ltd. stated on an interactive platform on October 30 that the company has always attached importance to shareholder returns. On the basis of adhering to a high percentage of dividends, it has successively implemented measures such as share repurchases, increasing the frequency of dividends, and setting up guaranteed dividends, with the aim of gradually improving and improving stock price performance. The company has always been committed to creating long-term value for investors. Regarding the cancellation repurchase proposal you mentioned, the company will comprehensively consider factors such as the market environment, capital market needs, the company's cash flow situation, future development plans, and shareholder interests, and carry out stock repurchases irregularly and dynamically at the right time.

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