Beijing Shougang Co.Ltd(000959) : the shareholder Baowu group plans to reduce its holding of no more than 5% of the company’s shares

Beijing Shougang Co.Ltd(000959) 5 on May 20, it was announced that Baowu group, a shareholder with a shareholding of 10.22%, plans to reduce its shareholding by no more than 5%. The reason for the reduction is to optimize the asset liability structure of enterprises and meet the capital needs of enterprise development. The reduction period is from June 14, 2022 to December 13, 2022.