Shougang Century Holdings

Shougang Century Holdings Limited signed a non-binding cooperation intent agreement with Meili Realm Capital, controlling shareholder of Cordenka GmbH & Co. KG, to explore a joint venture combining steel cord and industrial rayon products for the tire market. No final transaction has been agreed.

Shougang Century Holdings signed a cooperation framework agreement with HK BMC (Europe I) Ltd, a major shareholder of Cordenka, to explore establishing a joint venture focused on tire reinforcement materials and global industrial rayon products.