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f
Q
Q
BT
/T1_1 1 Tf
15 0 0 15 127.9374 568.7899 Tm
(VALUATION IMPROVEMENT PLAN FOR 2025)Tj
/T1_0 1 Tf
0.034 Tc 0.074 Tw 13 0 0 13 56.6929 536.7899 Tm
[(On)9 ( )0.5 (2)9 (8)9 ( )0.5 (Mar)0.5 (ch)9 ( )0.5 (2)9 (0)9 (2)9 (5)9 (,)9 ( )0.5 (the)9 ( )0.5 (boar)0.5 (d)9 ( )0.5 (of)9 ( )0.5 (direct)0.5 (ors)9 ( )0.5 (\()9 (the)9 ( )0.5 (\223)]TJ
/T1_1 1 Tf
-0.034 Tw 21.268 0 Td
[(Boar)0.5 (d)]TJ
/T1_0 1 Tf
0.074 Tw 2.826 0 Td
[(\224)9 (\))9 ( )0.5 (of)9 ( )0.5 (C)0.5 (ho)0.5 (ngqing)9 ( )0.5 (Iron)9 ( )0.5 (&)9 ( )0.5 (Ste)0.5 (el)9 ( )]TJ
0.04 Tc 0.07 Tw -24.095 -1.231 Td
[(Company)12.8 ( Limited)12.8 ( \()12.9 (the)12.9 ( \223)]TJ
/T1_1 1 Tf
-0.04 Tw 10.824 0 Td
(Company)Tj
/T1_0 1 Tf
0.07 Tw 4.432 0 Td
[(\224)12.9 (\))12.9 ( convened)12.9 ( the)12.9 ( 1)12.8 (2)12.9 (th)12.8 ( meeting)12.8 ( of)12.9 ( the)12.9 ( 1)12.8 (0)12.9 (th)12.9 ( session)15 ( )]TJ
0.025 Tc 0.073 Tw -15.256 -1.231 Td
(of the Board, during which the Valuation Improvement Plan for 2025 was c\onsidered )Tj
0.079 Tw 0 -1.231 Td
(and approved. The proposal does not need to be submitted to the general \meeting for )Tj
-0.025 Tw 0 -1.231 Td
(consideration.)Tj
/T1_1 1 Tf
0.044 Tc 0.07 Tw 0 -2.462 Td
[(1)19 (.)19 ( )-1016.5 (CIRCUMSTANCES)12.5 ( TRIGGERING)12.4 ( THE)12.5 ( VALUATION)12.6 ( IMPROVEMENT)19 ( )]TJ
0.025 Tc -0.025 Tw 2.181 -1.231 Td
(PLAN)Tj
/T1_0 1 Tf
0.026 Tc 0.082 Tw 0 -2.462 Td
[(According)1 ( )0.5 (to)1 ( )0.5 (the)1 ( )0.5 (China)1.1 ( )0.5 (Securities)1 ( )0.5 (Regulatory)1 ( )0.5 (Commission)1 (\222)1 (s)1 ( )0.5 (\223)1 (Guidelines)1 ( )0.5 (for)1 ( )0.5 (the)1 ( )]TJ
0.025 Tc 0 -1.231 Td
(Supervision of Listed Companies No. 10 \226 Market Value Management\224,\ a listed )Tj
0.019 Tc 0 Tw 0 -1.231 Td
[(company whose A shares have a closing price lower than its latest audite\d net asset)-6 ( )]TJ
0.025 Tc 0.027 Tw 0 -1.231 Td
[(value )0.5 (per )0.5 (share )0.5 (attributable )0.5 (to )0.5 (holders )0.5 (of )0.5 (ordinary )0.5 (shares )0.5 (of )0.5 (the )0.5 (company for )0.5 (each )]TJ
0.03 Tc 0.078 Tw 0 -1.231 Td
[(trading)5 ( )0.5 (day)5 ( )0.5 (for)5 ( )0.5 (1)5 (2)5 ( )0.5 (consecutive)5 ( )0.5 (months)5 ( )0.5 (shall)5 ( )0.5 (formulate)5 ( )0.5 (a)5 ( )0.5 (valuation)5.1 ( )0.5 (improvement)5 ( )]TJ
0.025 Tc 0 Tw 0 -1.231 Td
(plan for the listed company, which shall be reviewed by the Board and di\sclosed.)Tj
0.026 Tc 0.082 Tw 0 -2.462 Td
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[(2)12.8 (8)12.9 ( March)12.8 ( 2)12.8 (0)12.9 (2)12.8 (4)12.8 ( ranging)12.8 ( from)12.8 ( RMB)12.8 (1)12.8 (.)12.9 (2)12.8 (1)12.8 (/)12.9 (share)12.8 ( to)12.8 ( RMB)12.9 (1)12.8 (.)12.9 (4)12.8 (0)12.8 (/)12.9 (share)12.9 ( are)12.9 ( all)12.8 ( lower)24.1 ( )]TJ
0.029 Tc 0.079 Tw 0 -1.231 Td
[(than)4 ( )0.5 (the)4 ( )0.5 (audited)4.1 ( net)4 ( )0.6 (asset)4.1 ( )0.5 (value)4 ( )0.5 (per)4 ( )0.5 (share)4 ( )0.5 (of)4 ( )0.6 (RMB)4 (2)4.1 (.)4 (3)4 (9)4 ( )0.5 (for)4 ( )0.5 (the)4 ( )0.5 (year)4 ( )0.5 (of)4 ( )0.5 (2)4 (0)4 (2)4 (2)4 ( )0.5 (and)4 ( )]TJ
0.025 Tc 0.063 Tw 0 -1.231 Td
(the daily closing prices from 29 March 2024 to 31 December 2024 ranging \from )Tj
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[(RMB)3 (1)3 (.)3 (0)3 (1)3 (/)3 (share)3 ( )0.6 (to)3 ( )0.5 (RMB)3 (1)3 (.)3 (7)3 (9)3 (/)3 (share)3 ( )0.5 (are)3 ( )0.5 (all)3 ( )0.5 (lower)3 ( )0.5 (than)3 ( )0.5 (the)3 ( )0.5 (audited)3 ( )0.5 (net)3 ( )0.5 (asset)3 ( )0.5 (value)3 ( )]TJ
0.025 Tc 0.077 Tw 0 -1.231 Td
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0 Tw 0 -1.231 Td
(where a valuation improvement plan should be formulated.)Tj
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