Shougang Resources (00639) has announced that on September 29, 2026, it resolved and approved the first grant under the 2026 Stock Option Incentive Scheme adopted on September 29, 2026, making an offer to grant up to 43.364 million options to 111 eligible incentive recipients (grantees).

The options entitle the grantees to subscribe for a total of 43.364 million ordinary shares, representing approximately 0.85% of the total number of issued shares under the scheme as of the date of this announcement.

The grant is subject to acceptance of the relevant offer by the grantees.