Announcement on the Election of the Board of Directors
Guangdong Zhongnan Steel Co., Ltd. (hereinafter referred to as "the Company" or "this Company") assures that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions. The term of the 9th Board of Directors of the Company has expired, necessitating the election of a new board.
On April 7, 2026, the 9th Board of Directors held its second extraordinary meeting of 2026, where it approved the proposals for the election of non-independent directors and independent directors. The relevant details are announced as follows:
1. Composition of the 10th Board of Directors
According to the Articles of Association, the 10th Board of Directors will consist of 7 directors, including 3 non-independent directors (excluding employee directors) and 3 independent directors. The term of office for directors will be calculated from the date of election by the shareholders' meeting, lasting for 3 years. One employee director will be elected by the employee representative assembly or joint meeting, with a term consistent with that of the 10th Board of Directors.