Chongqing Iron & Steel Company Limited announced given that the Original Service and Supply Agreement and the Supplemental Service and Supply Agreement will expire on 31 December 2023, the Company entered into the Service and Supply Agreement with China Baowu on 10 November 2023, whereby the Group agreed to provide materials and services to China Baowu Group, and China Baowu Group agreed to provide materials and services to the Group. In addition, given that the Original Financial Service Agreement will expire on 31 December 2023, the Company entered into the Financial Service Agreement with Baowu Finance Company on 10 November 2023, whereby Baowu Finance Company and the Company agreed to cooperate in financial business based on the principles of legal compliance, equality and voluntariness, controllable risk and mutual benefit and Baowu Finance Company would provide relevant financial services to the Company.