Baosteel announces differentiated dividend distribution for H1 2025

Baoshan Iron & Steel Co., Ltd. (Baosteel) announced a differentiated cash dividend distribution of 0.12 yuan per share (tax inclusive) for the first half of 2025. This decision, approved by the 2024 annual general meeting on May 20, 2025, and the ninth board meeting on August 26, 2025, accounts for shares held in the company's dedicated repurchase account.

The dividend will be based on 21,377,312,092 shares, after excluding the 404,772,657 shares held in the repurchase account, which are not entitled to profit distribution. The total cash dividend is projected to be 2,565,277,451.04 yuan. The equity registration date for this distribution is September 23, 2025, with both the ex-dividend date and cash dividend payment date set for September 24, 2025.

Fangda Partners issued a legal opinion confirming that the differentiated dividend distribution complies with Chinese laws and regulations and the company's articles of association. The legal opinion also concluded that the impact on the ex-rights and ex-dividend reference price of the company's stock is minimal, with an absolute difference of less than 1%.