Baosteel Co., Ltd. announced that the 3rd Extraordinary Shareholders' Meeting of the Company in 2026 reviewed and passed a bill to repurchase some of the restricted shares eligible for the fourth phase of the Restricted Stock Plan. It is proposed to repurchase 2.106 million unununlocked restricted shares held by 9 transfer incentive recipients at the grant price of 4.49 yuan/share; to buy back 930,000 unlocked restricted shares held by the 4 resignation incentive recipients at the grant price of 4.49 yuan/share. After the repurchase and cancellation, the company's registered capital will be reduced by 3,036 million yuan. Creditors have the right to demand that the company settle their debts or provide corresponding guarantees within 30 days from the date of receipt of the notice and within 45 days from the date of disclosure of the notice.

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