Gansu Jiu Steel postpones board and management re-election, cancels EGM

Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. (SSE:600307) announced on September 16, 2025, the deferral of the re-election for its eighth board of directors, supervisory committee, and senior management. The current terms were set to expire on September 16, 2025. This decision aims to ensure governance continuity and stability, with current personnel continuing their duties until the re-election is completed. The company is also preparing for revisions to its management system and supervisory committee reforms as per new Company Law transitional arrangements.

In a related development, Gansu Jiu Steel's eighth board of directors, at its twenty-fourth meeting on September 15, 2025, resolved to cancel the second extraordinary general meeting originally scheduled for September 22, 2025. This cancellation was due to work schedule adjustments and was formally approved by the board.

The company reassures investors that the deferral of re-election and the cancellation of the meeting will not affect its normal operations. New proposals will be submitted for shareholder approval after board review, and timely information disclosure will follow.