Announcement of Departure of Directors and Senior Management, Nomination of Director Candidates, and Appointment of Senior Management by Benxi Steel Plate Co., Ltd.

I. Departure of Directors

1. Departure of Directors
   Recently, the Board of Directors of Benxi Steel Plate Co., Ltd. (the "Company") received a written resignation letter from Mr. Huang Zuoshu. Mr. Huang resigned from his positions as director, chairman, and general manager due to work adjustments, and also resigned from all relevant positions in the board's special committees. He will no longer hold any position in the Company after his resignation, which takes effect upon delivery to the board. As of the date of this announcement, Mr. Huang does not hold any shares in the Company and has no unfulfilled commitments.

2. Departure of Independent Directors
   According to the "Management Measures for Independent Directors of Listed Companies" issued by the China Securities Regulatory Commission, independent directors may not serve more than six consecutive years in the same listed company. Mr. Yuan Zhizhu, an independent director of the Company, will resign from his position as an independent director of the tenth board after serving for nearly six years, and will also resign from all relevant positions in the board's special committees. After his resignation, Mr. Yuan will no longer hold any position in the Company. As of the date of this announcement, Mr. Yuan does not hold any shares in the Company and has no unfulfilled commitments.

II. Compliance Statement

The departure of the aforementioned personnel did not result in the number of board members falling below the statutory minimum, nor did it cause the number of directors who also serve as senior management or those representing employees to exceed half of the total number of directors. The departure of the independent director did not result in the number of independent directors falling below one-third of the total board members, nor did it lead to a lack of accounting professionals among independent directors. The Company and all members of the board guarantee that the content of this disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.