Shandong Iron and Steel: Intends to transfer 32.8649% equity of Shangxin Software to Shandong Steel Group.

Sina Finance reported on March 31 that Shandong Steel announced that, in order to further focus on the development of the steel industry and optimize resource allocation, the company intends to sign a "equity transfer agreement" with Shangang Group to transfer 32.8649% of its equity in Shanxin Software to Shangang Group through a non-public agreement. This transaction constitutes a related party transaction, with a transaction price of 181 million yuan, a book value of 75.0629 million yuan, and a transaction price that is 106 million yuan higher than the book value. After the transaction is completed, the company will still be an important shareholder of Shanxin Software.