China Iron & Steel announced that the company plans to jointly invest 50 million yuan with China Storage Group and other related parties, Shidai Qiji and China Railway to establish China Storage Times Green Chain Technology Co., Ltd. The company will invest 25 million yuan, hold 5% of the shares, and raise its own capital. China Reserve Group and others are subsidiaries of the company's controlling shareholders, and this transaction constitutes a related transaction. The bill has been passed by the board of directors and does not constitute a major asset restructuring. The joint venture will focus on the full life cycle operation of new energy heavy trucks. From January to September 2025, the company had transactions with some related parties. The total transactions with related parties within 12 months after this transaction amounted to 69.2069 million yuan.

China Iron & Steel announced that the company plans to jointly invest 50 million yuan with China Storage Group and other related parties, Shidai Qiji and China Railway to establish China Storage Times Green Chain Technology Co., Ltd. The company will invest 25 million yuan, hold 5% of the shares, and raise its own capital. China Reserve Group and others are subsidiaries of the company's controlling shareholders, and this transaction constitutes a related transaction. The bill has been passed by the board of directors and does not constitute a major asset restructuring. The joint venture will focus on the full life cycle operation of new energy heavy trucks. From January to September 2025, the company had transactions with some related parties. The total transactions with related parties within 12 months after this transaction amounted to 69.2069 million yuan.