China Steel's Luonai announced that as of the disclosure date, Guoxin Double 101 held 93,105,584 shares of the company, accounting for 8.28% of the company's total share capital. The shares have been lifted from sales restrictions and listed for circulation since June 19, 2023. Guoxin Double 101 plans to reduce its holdings by no more than 11,250,000 shares through centralized bidding transactions from January 27 to April 26, 2026, that is, no more than 1% of the company's total share capital. The reason for the reduction is due to the need to withdraw the fund. Over the past 12 months, the shareholder has reduced its share holdings by a total of 1.5%. There is uncertainty about the implementation of this holdings reduction plan and will not have a significant impact on the corporate governance structure and continued operation.

China Steel's Luonai announced that as of the disclosure date, Guoxin Double 101 held 93,105,584 shares of the company, accounting for 8.28% of the company's total share capital. The shares have been lifted from sales restrictions and listed for circulation since June 19, 2023. Guoxin Double 101 plans to reduce its holdings by no more than 11,250,000 shares through centralized bidding transactions from January 27 to April 26, 2026, that is, no more than 1% of the company's total share capital. The reason for the reduction is due to the need to withdraw the fund. Over the past 12 months, the shareholder has reduced its share holdings by a total of 1.5%. There is uncertainty about the implementation of this holdings reduction plan and will not have a significant impact on the corporate governance structure and continued operation.