In July 2020, the price of Shougang Electric Steel will be adjusted as follows on the basis of the "Shougang Steel Products June 2020 Sales Price Policy":

1. The base price of non-oriented electrical steel is raised by 300 yuan/ton for low grades; the base price of high grades is raised by 200 yuan/ton;

2. The base price of oriented electrical steel is raised by 300 yuan/ton.

The above adjustments are all tax-free prices. This adjustment will be implemented from the date of issuance, and the power of interpretation rests with the marketing center of Shougang Corporation.