According to the announcement by Shougang Cent (00103), the board of directors enthusiastically declared that the rights issue will become unconditional on October 18, 2024 (Friday), with 4:00 pm on October 17, 2024 (Thursday) as the final acceptance deadline.

A total of 33 valid acceptances for the tentative distribution of a total of 0.221 billion shares of rights issue shares have been received, equivalent to approximately 56.53% of the total number of 0.392 billion shares of rights issue shares available for subscription. Additionally, a total of 8 valid applications involving a total of 0.203 billion additional rights issue shares have been received, equivalent to approximately 51.95% of the total number of 0.392 billion shares of rights issue shares available for subscription.

According to the irrevocable commitment, Fair Union has subscribed for 0.176 billion shares of rights issue shares, equivalent to the total quota of Fair Union and Shougang Group's controlled entities under the rights issue.

According to the irrevocable commitment, Mr. Zhao has subscribed and caused his controlled entities to subscribe to the 19.1924 million shares of rights issue shares to be tentatively allocated to them; and has applied for an additional 0.135 billion shares of additional rights issue shares.

Given the valid acceptance of the tentative allocations under the Provisional Allocation Notice, 0.17 billion shares of rights issue shares can be subscribed according to the additional application form. The number of additional rights issue shares available is insufficient to meet all the valid applications involving a total of 0.203 billion shares of additional rights issue shares.

The net proceeds from the rights issue (after deducting all rights issue-related expenses) are approximately 0.128 billion Hong Kong dollars.