Bengang Steel Plates Co., Ltd.
Annual Report 2023

2023 Annual Report
SECTION I. IMPORTANT NOTICE, TABLE OF CONTENTS, AND DEFINITIONS
The Board of Directors, the Supervisory Committee and the Directors, members of the Supervisory
Committee and senior management of the Company guarantee that there are no misrepresentations or
misleading statements, or material omissions in this report, and individually and collectively accept full
responsibility for the authenticity, accuracy and integrity of the information contained in this report.
Li Yan, the person in charge of the Company, Zheng Zhengli, the person in charge of accounting work,
and Sun Yanbin, the person in charge of the accounting department (accounting officer in charge), have
pledged the authenticity, accuracy and integrity of the attached financial statements. All the members of
the Board of Directors attended the board meeting on which this report was examined.
The prospective statements contained in this annual report do not constitute any substantial
commitmenttotheinvestors.Investorsshouldpayattentiontotherisksattachedtoinvestmentdecisions.
This report is prepared in both of Chinese and English. The Chinese version shall prevail when there are
any controversial statements in the two versions.
The Company has described the risks and countermeasures in detail in this report, please refer to
Section III. XI "Risks to the Company and countermeasures". China Securities Journal, Securities Times, the
website of Shenzhen Stock Exchange and Cninfo Website are the media selected by the Company for
information disclosure. Allinformation of theCompany shall be based on the information published in the
above designated media, and investors are advised to pay attention to the investment risks.
The Company plans not to pay cash dividends, not tosend bonus shares, and not to increase its share
capital by transferring its public reserves.

Table of Contents

SECTION I. IMPORTANT NOTICE, TABLE OF CONTENTS, AND DEFINITIONS ......2
SECTION II. COMPANY PROFILE AND MAIN FINANCIAL INDEX ......6
SECTION III. MANAGEMENT DISCUSSION AND ANALYSIS......11
Section IV. CORPORATE GOVERNANCE......45
Section V. Environmental and Social Responsibility......70
Section VI Important Events......82
Section VII. Status of Share Capital Changes and Shareholders......119
Section VIII. Preferred shares......130
Section IX. Bonds ......131
Section X. Financial Report......131
Reference File Directory
1. Financial statements containing the signatures and seals of the person in charge of the Company, the person in
charge of accounting work and the person in charge of the accounting institution;
2. The original audit report containing the seal of the accounting firm and the signature and seal of the certified
public accountant.
3.Theoriginal copiesofall Company documentsand announcementsthathavebeenpublicly disclosed duringthe
reporting period;
4. Annual reports published in other securities markets.

Definition
Interpretation items Refers to Interpretation contents
Bengang Steel Plates, Company, the Refers to Bengang Steel Plates Co., Ltd.
Company, listed company
Ansteel Refers to Ansteel Group Co., Ltd.
Bengang Group Refers to Bengang Group Co., Ltd.
Benxi Iron & Steel, Bengang Company Refers to Benxi Iron & Steel (Group) Co., Ltd.
SSE Refers to Shenzhen Stock Exchange
Liaoning Provincial State-asset Refers to Liaoning State-owned Asset Supervisory
Administration and Management Committee
Bengang Puxiang Refers to Bengang Puxiang Cool Rolling Steel Sheet
Co., Ltd.
Ansteel Finance Company Refers to Ansteel Group Finance Co., Ltd.
Ansteel Refers to Ansteel Steel Company Limited
Vanadium & Titanium Company Refers to PAnsteel Group Vanadium & Titanium
Resources Co., Ltd.

SECTION II. COMPANY PROFILE AND MAIN FINANCIAL INDEX
I. Company information
Stock abbreviation Bengang Steel Plates, Stock code 000761, 200761
Bengang Steel Plates plate B
Stock exchange for listing Shenzhen Stock Exchange
Company name in Chinese 本钢板材股份有限公司
Abbreviation of Company
name in Chinese 本钢板材
Company name in English (if BENGANG STEEL PLATES CO.,