Date: 2013-07-31

Merge with the Transformational Development of Shanghai, Create Stronger and Better Stainless Steel & Special Material Business,Baosteel Stainless and Baosteel Special Material are Officially Launched

In Apr. 11th, as 2 main operational businesses of stainless steel and special material sectors under Baosteel Group, Baosteel Stainless Steel Co., Ltd. And Baosteel Special Material Co., Ltd. Were officially launched. Indicating that the re-capitalization and management docking of Baosteel Stainless Steel Business Unit and Special Steel Business Unit have been successful by stages. It is the significant strategy adjustment measures of Baosteel to actively merge with the transformational development of Shanghai and intend to create stronger and better stainless steel & special material business. Xu Lejiang, President of Baosteel Group, Zhou Zhuping, Deputy Manager of Baosteel Group and Wang Li, Board Secretary

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