Relationship between Baosteel Special Steel and Baosteel

Relationship between parent company and subsidiary company. Baoshan Iron and Steel Co., Ltd. (hereinafter referred to as "Baoshan Iron and Steel") is the largest and most modern integrated iron and steel enterprise in China. Operate state-owned assets and carry out relevant state-owned capital investment operations within the scope authorized by the State Council. Baosteel Special Steel originally belonged to Baosteel, and Baosteel Special Steel is a wholly-owned subsidiary of Baosteel Group Co., Ltd.