Industry Breakthrough: Shougang Qian'an Iron & Steel Sells 1.487M Tonnes of Carbon Credits for RMB 143M, Boosting Profits by RMB 100-120M

[Industry's First Deal: Shougang Qian'an Iron & Steel Transfers Carbon Emission Allowances of 1.487 Million Tonnes for RMB 143 Million]

Shougang Shares announced on September 10 that Qian'an Iron & Steel Company signed the "Carbon Emission Allowance Transaction Agreement and Transfer Contract" with multiple transferees, transferring a total of 14,871,690 tonnes of CCERs (China Certified Emission Reductions) at an average transfer price of RMB 96.00 per tonne (tax included), resulting in a total transfer payment of RMB 142.77 million. This transfer of CCERs is expected to impact the company's profits by approximately RMB 100 to 120 million. (Source: Shougang Shares)