Board Press Release

The 11^th meeting of the 19^th Board of Directors of China Steel Corporation (CSC) was held on November 6, 2026. The Board approved an investment of NT$1,079,218,000 in the Solid Oxide Fuel Cell (SOFC) and Carbon Capture and Utilization (CCU) Project.

The project is intended to address the future electricity demand arising from process electrification and to support CSC's carbon neutrality and process electrification strategies beyond 2030. It is expected to enhance the Company's energy flexibility and operational stability.

The project is scheduled to commence on December 1, 2026, and to be completed on December 31, 2028, spanning a period of 2 years and 1 month.

The 7^th meeting of the 19^th Board of Directors of China Steel Corporation (CSC) was held on May 8, 2026. Major resolutions were:

• 1. Revamp Project of No.3 & 4 Sinter Plants
  To ensure a continuous and stable supply of sinter for blast furnaces and long-term operational stability of environmental protection facilities, CSC will invest NT$1,987 million for the revamp project of No. 3 & 4 Sinter Plants. It is scheduled to commence on June 1, 2026, and to be completed on June 30, 2029, spanning a period of 3 years and 1 month.
• 2. Appointment of Executive Vice President
  Dr. Horng-Yih Liou, Vice President of Technology Division, was promoted to Executive Vice President, effective May 8, 2026.
• 3. Appointment of Chief Security Officer
  The Board appointed Dr. Horng-Yih Liou as Chief Security Officer, effective May 8, 2026.

The 5^th meeting of the 19^th Board of Directors of China Steel Corporation (CSC) was held on February 26, 2026. Major resolutions were:

• 1. Appropriation of distributable earnings for 2025
  The meeting proposed to appropriate NT$1.4 and NT$0.15 per share for dividends of preferred stocks and common stocks respectively. The above proposal will be submitted to the 2026 stockholders' meeting for recognition.
• 2. Revamp Project of the Second Campaign of No. 4 Blast Furnace
  To enhance production efficiency and stability, ensure smooth operations, and replace aging equipment to reduce maintenance costs, CSC will invest NT$7,757 million for the revamp project of the second campaign of No.4 Blast Furnace. It is scheduled to commence on March 1, 2026, and to be completed on August 31, 2029, spanning a period of 3 years and 6 months.
• 3. Date and venue of CSC's 2026 shareholders' meeting
  
  • (1) Date: May 22, 2026 (Friday) 9:00 a.m.
    Venue: No.1, Chung Kang Rd., Hsiao Kang Dist., Kaohsiung City, Taiwan
  • (2) Period and venue for accepting shareholders' proposals
    Date: March 16-25, 2026
    Venue: CSC Building (No.88, Cheng Gong 2nd Rd., Qian Zhen Dist., Kaohsiung City, Taiwan)

The 3^rd meeting of the 19^th Board of Directors of China Steel Corporation (CSC) was held on November 12, 2025. Major resolutions were:

• 1. Revamp Project for the Mold Section Equipment of the No.1 Slab Continuous Casting Machine of the Steelmaking Department
  To enhance product quality, improve equipment reliability, and increase production flexibility, CSC will invest NT$640 million in the revamp project for the mold section equipment of the No.1 slab continuous casting machine of the Steelmaking Department. It is scheduled to commence on January 1, 2026, and to be completed on June 30, 2028, spanning a period of 2 years and 6 months.
• 2. Revamp Project for the Welder of the Hot-Rolled Pickling and Oiling Line of the Rolling Mill Department II
  To reduce production costs, enhance production efficiency, and strengthen order flexibility, CSC will invest NT$400 million in the revamp project for the welder of the hot-rolled pickling and oiling line of the Rolling Mill Department II. It is scheduled to commence on January 1, 2026, and to be completed on December 31, 2028, spanning a period of 3 years.

The first meeting of the 19^th Board of Directors of China Steel Corporation (CSC) was held on June 19, 2025, and Director Chien-Chih Hwang (representing Ministry of Economic Affairs) was elected as Chairman of CSC.