On [Month] [Day], Baoshan Iron & Steel Co., Ltd. (Baosteel), Baowu Aluminum Co., Ltd., and Kobe Steel, Ltd. jointly established Baosteel Kobe Automotive Aluminum Sheet (Shanghai) Co., Ltd. (hereinafter referred to as "Baosteel Kobe Aluminum Sheet"). The unveiling ceremony was held in Shanghai. During the ceremony, the management team, marketing model, and future development plans of Baosteel Kobe Aluminum Sheet were introduced. Li Chenhao, Secretary of the Baoshan District Committee, Zou Jixin, Standing Committee Member of the China Baowu Party Committee, Secretary of the Party Committee and Chairman of Baosteel, and Katsukawa Shishihiko, Representative Director and President of Kobe Steel, attended the event and delivered speeches. Wu Jun, Vice President of Baosteel and Chairman of Baosteel Kobe Aluminum Sheet, presided over the ceremony.

It is reported that Baoshen Aluminum Plate is registered in Shanghai, with Shengang Investment Co., Ltd. contributing a certain percentage, and Baosteel Co., Ltd. and Baowu Aluminum Co., Ltd. jointly contributing another percentage, including subsidiaries in Tianjin and Sanmenxia. The company's headquarters is located in Shanghai, overseeing the procurement of mother coils, product marketing, production and sales balance, process management, production logistics, and technical quality for both bases. The joint venture contract was signed on [specific date]; the first shareholders' meeting and board meeting were held on [specific date]; and the company completed its industrial and commercial registration in Shanghai on [specific date].

Baoshen Aluminum will be committed to producing green and environmentally friendly automotive aluminum sheets. In the future, it will face the vast automotive aluminum sheet market with a unified sales channel and brand, striving to provide high-end, high-quality aluminum sheets for automobile manufacturers. At the same time, leveraging the deep technical research and development foundation of Baosteel and Kobe Steel, excellent integrated management capabilities, strong marketing and service systems, environmentally friendly and efficient production processes, and a global market strategy, it will significantly enhance the supply capacity of high-end automotive aluminum sheets.

Baoshen Aluminum Plate will adhere to a user-centric philosophy, leveraging the robust capabilities of Baosteel's automotive sheet overall solution for new energy vehicles to provide users with comprehensive worry-free services, including cooperation, processing and distribution services, as well as application guidance and technical support. Utilizing Kobe Steel's extensive production achievements and technological accumulation in automotive aluminum plates, along with the established automotive user base in the Japanese and Chinese markets, we will comprehensively enhance our product manufacturing capabilities and further expand the market. By capitalizing on the synergistic development advantages of both shareholders in the steel and aluminum sectors, we aim to integrate the entire ecosystem chain of automotive materials, meet the personalized needs of users, and inject vigorous new vitality into the low-carbon development of China's automotive industry.

Xiao Gang, member of the Standing Committee of the Baoshan District Committee and Deputy District Chief, Wang Juan, Vice President, CFO, and Board Secretary of Baosteel Co., Ltd., Wu Jianpeng, Chairman of Baowu Aluminum, Kazuhiko Kimoto, Director of Kobe Steel, Masaki Tanigawa, Executive Officer of Kobe Steel, and representatives from several major domestic automobile manufacturers attended the unveiling ceremony.