Jiangsu Shagang Cloud Commerce Technology Co., Ltd. (referred to as Shagang Cloud Commerce), established in 2025, is a wholly-owned subsidiary of Shagang Group. The company is dedicated to building an online platform for procurement of raw and auxiliary materials, as well as sales of finished products, by-products, and residue materials, focusing on business scenarios across the upstream and downstream segments of Shagang Group's industrial chain. The platform aims to achieve efficient resource allocation and value co-creation. Currently, the first phase of Shagang Cloud Commerce Platform, featuring procurement and quotation functions, has been fully launched. We sincerely welcome upstream and downstream clients to continue to follow Shagang Cloud Commerce, as we strive to foster win-win cooperation with high-quality services.