Xining Special Steel to hold extraordinary general meeting for governance changes

Xining Special Steel Co., Ltd. will hold its third extraordinary general meeting of shareholders for 2025 on September 15, 2025. The meeting, to be held at the company's comprehensive building, will be chaired by chairman Wang Shifeng. Key agenda items include increasing the projected amount of routine related-party transactions for 2025, re-engaging financial and internal control audit institutions, and revising several corporate governance policies.

Additionally, shareholders will vote on cancelling the supervisory board and amending the Articles of Association, as well as purchasing liability insurance for the company, its directors, and senior management. These proposals were approved by the tenth board of directors' seventeenth meeting and the tenth supervisory board's thirteenth meeting on August 28, 2025, and subsequently disclosed on August 29, 2025.

Separately, the company announced the resignation of deputy general manager Miao Hongsheng, effective August 30, 2025, due to personal health reasons. Miao Hongsheng will no longer hold any position within the company. His resignation will not impact the company's operations, and the board expressed gratitude for his contributions.