Baosteel Group: Subsidiary pays back tax of 111 million yuan

Baosteel Group announced that its subsidiary, Rare Earth Steel Plate and Sheet Co., Ltd., the controlling shareholder, needs to pay a total of RMB 111 million in property taxes and overdue fines from December 2018 to June 2024. As of the disclosure date of this announcement, Rare Earth Steel Plate and Sheet Co., Ltd. has already paid the above taxes and penalties in full and there is no tax administrative penalty involved.

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