Baogang Group announced that due to work adjustments, Zhang Zhao will no longer serve as Chairman, Director, and Chairman of the Strategy, Risk, and ESG Committee. Guo Wei will no longer serve as Deputy General Manager. Liu Mi will no longer serve as Director, CFO, and member of the Strategy, Risk, and ESG Committee. After their departure, Zhang Zhao and Liu Mi will take up positions at Baogang Group, while Guo Wei will remain with the company. The board has approved the election of Chen Wenzhuo as a non-independent director of the eighth board and proposed him as a candidate for Chairman. Chang Guoxing has been elected as a non-independent director and appointed as CFO. Until the new Chairman is appointed, Zhang Zhao will continue to fulfill his relevant duties.
Inner Mongolia BaoTou Steel Union Co LtdManagement changes including chairman and CFO departures and new appointments; unclear impact on operations.