Taiyuan Iron and Steel Co., Ltd.: Plans to engage in foreign exchange transactions of up to 200 million US dollars and 200,000 tons of iron ore derivatives.

Taigang Stainless Steel announced that in order to manage the risks of exchange rate and commodity price fluctuations, the company plans to carry out financial derivative businesses domestically. In the fiscal year 2026, the company will accumulate foreign exchange forward transactions not exceeding $200 million, with a maximum contract value of $20 million on any given trading day; accumulate futures hedging transactions for iron ore not exceeding 200,000 tons, with a maximum net position of 40,000 tons at any point in time; and the upper limit for margin and option premiums for foreign exchange and commodity futures will not exceed 5 million RMB. On February 11, the relevant proposal was approved by the Audit Committee of the Board of Directors and the second meeting of the Tenth Board of Directors. The company reminds that derivative businesses involve risks such as market and operational risks.