Hanggang Steel Co., Ltd. announced that the board of directors of the company received resignation reports from director and vice chairman Qu Tao and Deputy General Manager Wu Hongyi on November 11, 2026. Both applied to resign from relevant positions due to job changes. The resignation reports took effect on the day they were delivered to the board of directors. Qu Tao also resigned as a member of the Strategy Committee of the Board of Directors and did not serve in the company or holding subsidiaries after leaving office; Wu Hongyi left office and became the director and chairman of Ningbo Iron & Steel Co., Ltd. The departure of the two will not affect the standardized operation of the company. None of them hold shares in the company, have no unfulfilled public promises, and have completed the handover of work. The company will complete the by-election work for relevant positions as soon as possible.

Hanggang Steel Co., Ltd. announced that the board of directors of the company received resignation reports from director and vice chairman Qu Tao and Deputy General Manager Wu Hongyi on November 11, 2026. Both applied to resign from relevant positions due to job changes. The resignation reports took effect on the day they were delivered to the board of directors. Qu Tao also resigned as a member of the Strategy Committee of the Board of Directors and did not serve in the company or holding subsidiaries after leaving office; Wu Hongyi left office and became the director and chairman of Ningbo Iron & Steel Co., Ltd. The departure of the two will not affect the standardized operation of the company. None of them hold shares in the company, have no unfulfilled public promises, and have completed the handover of work. The company will complete the by-election work for relevant positions as soon as possible.