Shandong Iron and Steel: Announcement Regarding the Chairman's Resignation and the Proposed Election of a New Chairman

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Shandong Iron and Steel Co., Ltd. Announcement Regarding the Resignation of the Chairman and the Proposed Election of a New Chairman

The company’s board of directors and all directors guarantee that this announcement contains no false records, misleading statements, or major omissions, and bear legal responsibility for the truthfulness, accuracy, and completeness of its content.

Important Content Reminder:

Shandong Iron and Steel Co., Ltd. ( hereinafter referred to as the “Company” ) The board of directors received a written report from Mr. Mao Zhanhong, the company’s chairman and director, on April 1, 2026. Due to work adjustments, Mr. Mao Zhanhong has applied to resign from his positions as chairman, director, and member of the board’s special committees.

1. Basic situation of early departure

Existence of unfulfilled public disclosure

Continue to serve in listed company and its controlled subsidiaries

Reason for departure

Name Position Resigned From Resignation Date Original Term Expiry Date Commitment

Chairman

Director

Chairman of the Strategy Planning and ESG Committee of the Board

Member of the Nomination Committee of the Board

2026 April

2027 July

Work adjustment No No

Mao Zhanhong

1st

April

8th

2. Impact of resignation on the company

According to the “Company Law of the People’s Republic of China,” the “Guidelines for Self-Regulation of Listed Companies on the Shanghai Stock Exchange No. 1—Standardized Operation,” and the “Articles of Association of Shandong Iron and Steel Co., Ltd.,” Mr. Mao Zhanhong’s resignation will not cause the number of members of the company’s board of directors to fall below the statutory minimum, nor will it affect the normal operation of the board or the company’s management. The resignation takes effect from the date the company’s board of directors receives his written report. Mr. Mao Zhanhong has completed handover procedures in accordance with the company’s relevant systems.

During his tenure as chairman, director, and in other positions, Mr. Mao Zhanhong worked diligently and responsibly. The company’s board of directors expresses sincere gratitude for his contributions during his tenure.

3. Basic information on the proposed new chairman

According to the “Company Law of the People’s Republic of China,” relevant laws, regulations, normative documents, and the “Articles of Association of Shandong Iron and Steel Co., Ltd.,” the company held the 25th meeting of the 8th board of directors on April 2, 2026. The meeting approved the proposals for “Adding a Director to the 8th Board of Directors” and “Proposed Election of a Chairman and Adjustment of the Board’s Special Committees.” If Mr. Guo Xiaolong, a candidate for director, is elected by the shareholders’ meeting, the board intends to elect Mr. Guo Xiaolong as Chairman of the 8th Board of Directors, Director of the Strategy Planning and ESG Committee, and Member of the Nomination Committee, with a term until the expiration of this board’s term.

This announcement is hereby made.

Shandong Iron and Steel Co., Ltd. Board of Directors

April 3, 2026

Disclaimer: The market carries risks; investments should be cautious. This article is automatically published based on third-party database data and does not represent Sina Finance’s views. All information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, please contact biz@staff.sina.com.cn.