According to the Zhitong Finance App, Shanghai Steel Union (300226.SZ) issued an announcement that the company and its wholly-owned subsidiary Beijing Steel Union Maddie E-commerce Co., Ltd. (hereinafter referred to as “Beijing Steel Union”), Shanghai Steel Union Network Technology Co., Ltd. (hereinafter referred to as “Ganglian Information”), the company's holding subsidiary Shanghai Steel Union Information Technology Co., Ltd. (hereinafter referred to as “Longzhong Information”), the company's wholly-owned subsidiary Shanghai Steel Union Energy Information Technology Co., Ltd. (hereinafter “Longzhong Information”), the company's wholly-owned subsidiary Shanghai Steel Union Energy Information Technology Co., Ltd. Holding subsidiaries Shanghai Lingjian Network Co., Ltd. (hereinafter referred to as “Lingjian Network”), Shanghai Steel & Silver E-Commerce Co., Ltd. (hereinafter “Steel & Silver E-Commerce”), Shanghai Steel & Silver Supply Chain Management Co., Ltd. (hereinafter “Steel & Silver Supply Chain”), Shanghai Iron & Silver Technology Development Co., Ltd. (hereinafter referred to as “Iron & Silver Technology”), Shanghai Yongxin Industrial Co., Ltd. (hereinafter referred to as “Yongxin Industrial”), Shanghai Jiyun Logistics Technology Co., Ltd. (hereinafter referred to as “Heiyun Logistics”), Shanghai Iron & Silver E-Commerce Holding subsidiary Shanghai Heyun Logistics Technology Co., Ltd. (hereinafter referred to as “Heiyun Logistics”), Shanghai Iron & Bank E-Commerce Holdings subsidiary Shanghai Heyun Logistics Technology Co., Ltd. (hereinafter referred to as “Heiyun Logistics”), (Shanghai Iron & Steel Equipment Equipment) below “Shanghai Tieju” for short), Shanghai Shanda Industrial Co., Ltd. (hereinafter referred to as “Shanda Industrial”), and Shanghai Jiuchongjin Supply Chain Management Co., Ltd. (hereinafter referred to as “Jiuzhongjin”) have received a total of 49.182 million yuan in government subsidies from January 2023 to the date of this announcement.