ST Baosteel: Intends to transfer the agreement to hold 100% equity of Coking Coal Group to Baosteel Company.

ST Baigang announcement, intends to transfer the 100% equity agreement of Xinjiang Coking Coal Limited Liability Company held to Xinjiang Bayi Iron and Steel Group Co., Ltd., the transfer amount is 1.36 billion yuan. This transaction constitutes a related party transaction and does not constitute a major asset restructuring.