Group 1 - The core point of the announcement is the resolution of the third extraordinary general meeting of shareholders held by Hebei Iron and Steel Co., Ltd., which confirmed the approval of several proposals without any dissenting votes [1][2] - The meeting was held on December 29, 2025, with a combination of on-site and online voting, ensuring compliance with relevant laws and regulations [3][4] Group 2 - A total of 497 shareholders attended the meeting, representing 6,871,950,746 shares, which accounts for 66.4784% of the total voting shares [5] - Among the attending shareholders, 493 were small shareholders, representing 176,713,698 shares, or 1.7095% of the total voting shares [6] Group 3 - Proposal 1 regarding the expected daily related transactions for 2026 was approved with 142,089,324 votes in favor, representing 80.4065% of the valid votes [9] - Proposal 2 concerning the capital increase to the subsidiary Hebei Letin Steel Co., Ltd. was also approved with 140,552,820 votes in favor, accounting for 79.5370% of the valid votes [11] - Proposal 3, which involved amendments to the company's articles of association, received overwhelming support with 6,851,688,788 votes in favor, representing 99.7051% of the valid votes [13] Group 4 - The legal opinion provided by the law firm confirmed that the meeting's procedures and resolutions were in accordance with relevant laws and the company's articles of association, validating the legitimacy of the meeting [15]

Core Viewpoint - The legal opinion from Beijing Jincheng Tongda Law Firm confirms the compliance and legitimacy of the shareholding increase plan by the controlling shareholders of Hebei Steel Group Co., Ltd. [1][10] Group 1: Shareholder Information - The controlling shareholder, Handan Steel Group Co., Ltd. (邯钢公司), holds a registered capital of 250,000 million yuan and is involved in various steel-related operations [4][5]. - Tangshan Steel Group Co., Ltd. (唐钢公司) has a registered capital of 553,073.12 million yuan and engages in investment activities and steel production [6][7]. - Both shareholders are legally established entities in China and do not fall under any restrictions for acquiring shares in a listed company [7][8]. Group 2: Shareholding Increase Details - Prior to the increase, Handan Steel held 4,218,763,010 shares (40.81%), while Tangshan Steel held 1,853,409,753 shares (17.93%) [8]. - The increase plan, announced on January 6, 2025, aims for a total investment between 21,600 million yuan and 43,200 million yuan over six months, with a maximum increase of 1% in shareholding [8][11]. - As of July 3, 2025, a total of 99,030,324 shares were acquired, representing 0.96% of the total share capital, with Handan Steel acquiring 49,570,445 shares and Tangshan Steel acquiring 49,459,879 shares [9][11]. Group 3: Compliance and Disclosure - The increase complies with the relevant laws and regulations, including the Management Measures for the Acquisition of Listed Companies [10][11]. - The company has fulfilled its information disclosure obligations regarding the shareholding increase, as evidenced by the announcements made [10][11]. - The increase qualifies for exemption from mandatory tender offer requirements under the applicable regulations [10][11].

Financial Performance - The basic earnings per share decreased by 48.67% to 0.0462 yuan in 2024 from 0.0900 yuan in 2023 [1] - Net profit fell by 34.78% to 7.07 billion yuan in 2024 compared to 10.84 billion yuan in 2023 [1] - Operating revenue slightly decreased by 0.92% to 1216.17 billion yuan in 2024 from 1227.44 billion yuan in 2023 [1] - The return on equity dropped by 45.93% to 0.93% in 2024 from 1.72% in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 689625.04 million shares, accounting for 66.72% of the circulating shares, with a decrease of 3283.42 million shares compared to the previous period [1] - The largest shareholder, Handan Steel Group, holds 421876.30 million shares, representing 40.82% of the total share capital, with no change [2] - The second-largest shareholder, Tangshan Steel Group, holds 185340.98 million shares, accounting for 17.93%, also unchanged [2] Dividend Distribution - The company announced a dividend distribution plan of 0.3 yuan per share (including tax) [3]

Core Viewpoint - The announcement details the progress of the shareholding increase plan by the controlling shareholder, Handan Steel Group Co., Ltd., and its concerted action party, Tangshan Steel Group Co., Ltd., aimed at enhancing investor confidence and recognizing the long-term investment value of Hebei Iron and Steel Co., Ltd. Summary by Sections 1. Basic Situation of the Increase Plan - The controlling shareholder and its concerted action party plan to increase their holdings of Hebei Iron and Steel Co., Ltd. A-shares through centralized bidding on the Shenzhen Stock Exchange, starting from January 6, 2025, for a period of six months. The total amount for the increase is set between RMB 216 million and RMB 432 million, with each party planning to invest between RMB 108 million and RMB 216 million [2]. 2. Progress of the Increase Plan - As of April 7, 2025, the controlling shareholders have collectively increased their holdings by 67,876,729 shares, accounting for 0.66% of the total share capital, with an investment amount of RMB 151.80 million (excluding fees). Specifically, Handan Steel Group increased its holdings by 34,000,045 shares (0.33% of total share capital) for RMB 75.96 million, while Tangshan Steel Group increased its holdings by 33,876,684 shares (0.33% of total share capital) for RMB 75.84 million [3]. 3. Shareholding Situation Before and After the Change - The announcement includes details on the shareholding situation of the controlling shareholders and their concerted action party before and after the increase, although specific figures are not provided in the summary [4]. 4. Other Relevant Explanations - The increase plan does not trigger a mandatory bid and will not lead to a change in the company's control or violate listing conditions. The actions comply with relevant laws and regulations, including the Securities Law of the People's Republic of China and the Management Measures for the Acquisition of Listed Companies [5]. 5. Reference Documents - The announcement references the notice from Handan Steel Group and Tangshan Steel Group regarding the progress of the shareholding increase plan [6].