Shougang Corporation: Plans to repurchase company shares worth 260 million to 520 million yuan.

Shougang Group announced that it plans to repurchase company shares through the centralized bidding trading method. It is expected to repurchase between 40 and 80 million shares, with a total repurchase amount of 260 million to 520 million RMB. The repurchase price will not exceed 6.5 RMB per share. The repurchased shares will be used for the implementation of the equity incentive plan. The repurchase period is within 12 months from the date when the board of directors approves the share repurchase plan.