After the death of Shen Wenrong, the former actual controller of Jiangsu Shagang Company, his son Shen Bin acquired the equity of Shagang Group, Runyuan Stainless Steel, and Jincheng Shazhou through transfer agreement and inheritance, indirectly controlling 587.8717 million shares of Shagang Company, accounting for 26.80% of the total shares of the company, becoming the actual controller of the company. Shen Bin has no specific plan to increase or dispose of the company's shares in the next 12 months.