Shougang Century signs cooperation pact with HK BMC to form tyre materials joint venture

• Shougang Century signed a cooperation framework agreement with Hong Kong BMC (Europe I) to pursue a joint venture in tyre reinforcement materials.
• Planned vehicle would combine steel cord capabilities with Cordenka’s industrial rayon to target global industrial rayon demand.
• Parties cited overlapping customers, product-line integration, broader reach across the global tyre supply chain.
• Most commercial terms are non-binding; transaction depends on further negotiations, definitive agreements.
• HK BMC is a controlling shareholder of Germany-based Cordenka; described as independent from Shougang Century and its connected persons.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shougang Century Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260817-12286937), on August 17, 2026, and is solely responsible for the information contained therein.