Shanghai Steel Union: Subsidiary received government subsidy funds of 26.1235 million yuan.

Shanghai Steel Union Announcement: Subsidiary Shanghai Gangyin E-commerce Co., Ltd. received government subsidy funds of 26.1235 million yuan on December 16, 2025, with a single amount accounting for 16.19% of the net profit attributable to the shareholders of the listed company in the most recent fiscal year audited. The company plans to record the above government subsidies into the corresponding accounts, with an expected impact on the current year's profit of 26.1235 million yuan.