China Steel Board Resolves Cash Capital Increase for CSCI Steel Corporation India Pvt. Ltd.

Release Date: August 8, 115 Statement Date: August 7, 115 Statement Time: 14:03:19 Company Code: 2002 Company Name: China Steel Corporation Subject: Board Resolution on Cash Capital Increase for CSCI Steel Corporation India Pvt. Ltd. Applicable Clause: Clause 20 Factual Date: August 7, 115 Details: 1. Name and nature of the subject matter (if preferred shares, specify dividend rate and other terms): Equity in CSCI Steel Corporation India Pvt. Ltd. 2. Factual date: August 7, 115 ~ August 7, 115 3. Board approval date: August 7, 115 (Minguo) 4. Other approval dates: Not applicable 5. Transaction quantity, unit price, and total transaction amount: Total transaction amount: USD 74,500,000 6. Counterparty and relationship with the company (name may be withheld if individual and not a related party): (1) Counterparty: CSCI Steel Corporation India Pvt. Ltd. (2) Relationship with the company: Wholly-owned subsidiary (100% equity held by the company) 7. If the counterparty is a related party, state the reason for selection, previous transferor, relationships among parties, transfer date, and amount: Cash capital increase being conducted 8. If the subject asset was owned by a related party within the past five years, disclose acquisition/disposal date, price, and relationship at the time: Not applicable 9. Matters regarding disposal of receivables (including types of attached collateral; if receivables from related parties, disclose names and book amounts): Not applicable 10. Gain (or loss) from disposal (not applicable for acquisition of securities) (if previously deferred, explain recognition status): Not applicable 11. Delivery or payment terms (period and amount), contractual restrictions, and other important agreements: Conducted according to the cash capital increase schedule 12. Decision-making method, reference basis for pricing, and decision-making body: Board resolution 13. Net asset value per share of the securities-issuing company acquired or disposed: NT$2.56 14. Cumulative holdings (including this transaction) of the securities involved, including number, amount, ownership percentage, and restricted rights (e.g., pledge status): (1) Cumulative holding quantity: Approximately 958 million shares (2) Cumulative holding amount: Approximately NT$2.4 billion (3) Ownership percentage: 100% (4) Rights restriction status: None 15. Proportion of securities investments listed under Article 3 of the 'Rules for Handling Acquisitions or Dispositions of Assets by Publicly Issued Companies' (including this transaction) relative to total assets and equity attributable to owners of the parent in the most recent financial statements, and the amount of working capital in the most recent financial statements (Note 2): (1) Percentage of total assets: 47.67% (2) Percentage of owner's equity: 72.94% (3) Working capital amount: NT$11,416,639 thousand 16. Broker and brokerage fees: None 17. Specific purpose or use of acquiring or disposing of securities: Improving subsidiary's financial structure 18. Dissenting opinions from directors regarding this transaction: None 19. Whether this transaction is a related-party transaction: Yes 20. Date of supervisor acknowledgment or audit committee approval: August 5, 115 (Minguo) 21. Whether the accountant issued a non-reasonableness opinion: Not applicable 22. Name of accounting firm: Not applicable 23. Accountant's name: Not applicable 24. Accountant license number: Not applicable 25. Whether it involves a change in business model: No 26. Explanation of business model change: Not applicable 27. Transaction history and expected transactions with the counterparty in the past year and next year: Not applicable 28. Source of funds: Not applicable 29. Previous material information release date for the same event: Not applicable 30. Other explanatory matters: None