[Hangzhou Iron and Steel Co., Ltd.: subsidiary Hangzhou Iron and Steel Co., Ltd., Yuhuan Exchange, Yezhou Company plans to jointly fund the establishment of a project company], May 29, Hangzhou Steel shares announcement, subsidiary Hangzhou Iron and Steel e-commerce and Yuhuan Exchange, Yezhou Company plans to jointly contribute to the establishment of Zhejiang Hangzhou Iron and Steel Wisdom supply chain Co., Ltd. as a project company according to the equity ratio of 65%, 10%, 25%. Invest in the construction of Hangzhou Iron and Steel (Yuhuan) Automobile and Motorcycle Intelligent Manufacturing Center and Industrial chain Integration Project (Phase I). The investment of the project company is about 1.717 billion yuan, of which the registered capital of the project company is 800 million yuan, and the deficiency is raised by the project company itself.