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                                  Beijing Shougang Co. Ltd Semi-Annual Report 2023

Beijing Shougang Company Limited

    2023 Semi-Annual Report

        10August 2023


                                                            Beijing Shougang Co. Ltd Semi-Annual Report 2023

          SectionI.Importantnotice,Content,Definitions

The board of directors (the “Board”), the supervisory committee, all directors, supervisors and senior executives
of the Company warrant that there are no false representations, misleading statements or material omissions in this
semi-annual report; and are jointly and individually responsible for the truthfulness, accuracy and completeness of
the information contained in this semi-annual report.

Mr. Zhao Minge, the representative of the Company, Mr. Liu Jianhui, the general manager of the Company, Mr. Li
Baizheng, the person overseeing the accounting operations of the Company, and Ms. Gong Juanjuan, head of
Accounting Department, made representations in respect of the truthfulness, accuracy and completeness of the
financial report contained in the semi-annual report.

All Directors have attended the Board meeting to consider this semi-annual report in person.

Forward-looking statements contained in this semi-annual report do not constitute any substantive commitments
to investors by the Company. Investors should be aware of the relevant investment risks.

The Company plans not to distribute cash dividends, issue bonus shares, or convert public reserve funds into share
capital.

This report is prepared based on Chinese text and is prepared in both Chinese and English versions. In the event of
any discrepancy between Chinese and English versions, the Chinese version shall prevail.


                                                            Beijing Shougang Co. Ltd Semi-Annual Report 2023

                          CONTENTS


SECTIONI.IMPORTANTNOTICE,CONTENT,DEFINITIONS ......2
SECTIONII.COMPANYPROFILEANDMAJORFINANCIALINDICATORS......6
SECTIONIII.MANAGEMENTDISCUSSIONANDANALYSIS ......8
SECTIONIV.CORPORATEGOVERNANCE......19
SECTIONV.ENVIRONMENTANDSOCIALRESPONSIBILITY......20
SECTIONVI.SIGNIFICANTEVENTS......27
SECTIONVII.MOVEMENTSINSHARECAPITALANDSHAREHOLDERS ......33
SECTIONVIII.PREFERREDSHARES......37
SECTIONIX.BONDS......38
SECTIONX.FINANCIALREPORT......40

                                                            Beijing Shougang Co. Ltd Semi-Annual Report 2023

                  Filedirectoryforreference

1.The semi-annual report with the signature and seal of Chairman of the Board.

2.Accounting statements with signatures and seals of general manager, chief accountant and person in charge of
accounting institution.

3. All the original documents and announcements publicly disclosed in newspapers designated by China Securities
Regulatory Commission during the reporting period.

4. TheArticles ofAssociation of the Company, etc.

5.Other relevant information.


                                                            Beijing Shougang Co. Ltd Semi-Annual Report 2023

                      INTERPRETATION

          Items            Refers to                                Contents

CSRC                    Refers to  China Securities Regulatory Commission

SZSE                      Refers to  Shenzhen Stock Exchange

Company, the Company or    Refers to  Beijing Shougang Company Limited

Shougang Co.

                                    Shougang Group (Reforming from an enterprise owned by the whole people to

Shougang or Shougang Group  Refers to  exclusively state-owned companies, name of Shougang Group is changed from

                                    Shougang Corporation. The specific content is detailed in 15 June 2017 public

                                    announcement.)

Listing Rules of SZSE        Refers to  Listing Rules of Shenzhen Stock Exchange

TheArticles ofAssociation    Refers to  TheArticles ofAssociation of Beijing Shougang Company Limited

Board of Directors or the      Refers to  The board of directors of Beijing Shougang Company Limited

Board

Supervisory Committee      Refers to  The supervisory committee of Beijing Shougang Company Limited

Shareholders’General        Refers to  The Shareholders’General Meeting of Beijing Shougang Company Limited

Meeting

Qiangang Co.              Refers to  Shougang Qian'an Iron&Steel Co., Ltd. (Branch of the Company)

Cold-R Co.                Refers to  Beijing Shougang Cold Rolling Co., Ltd. (Holding subsidiary of the Company, the

                                    Company holds 70.2806%)

New-E Co.                Refers to  Beijing Shougang New EnergyAutomobile Material Technology Co., Ltd. (Holding

                                    subsidiary of the Company, the Company holds 60%)

Zhixin Co.                  Refers to  Shougang Zhixin Qian'an Electromagnetic Materials Co., Ltd. (Holding subsidiary of
                                    the Company, the Company holds 68.0293%, New-E Co. holds