Beijing Shougang Reduces Capital Through Restricted Share Buyback

Beijing Shougang Company Limited has finalized the repurchase and cancellation of 19,013,650 restricted shares from 337 incentive participants under its 2021 restricted stock incentive plan. This represents 0.2446% of the company's total share capital before the buyback.

The total repurchase cost was CNY 59,384,206.31, funded by the company's own capital. Following the completion of this process, Beijing Shougang's total share capital has decreased from 7,773,981,020 shares to 7,754,967,370 shares. The buyback was primarily due to the company not meeting performance targets for the third解除限售期 and 26 participants no longer meeting incentive conditions. Everbright Securities, as the bond trustee, confirmed the completion of this matter on August 13, 2025.