Gansu Jiu Steel revamps governance, appoints new general manager

Gansu Jiu Steel Group Hongxing Iron & Steel announced on October 18, 2025, a major corporate governance overhaul. The company is abolishing its board of supervisors, transferring its oversight functions to the board's audit committee, and amending its articles of association and related rules of procedure. These changes, aimed at enhancing operational efficiency, are made in accordance with the “Company Law” and other relevant regulations, as well as an internal review of the company's operational needs.

Concurrently, the company announced new senior management appointments. Hou Mingqiang has been appointed as the general manager, and Mu Jinwen has been appointed as the chief engineer. Hou currently holds 22,000 shares of the company, including 6,000 shares in ordinary accounts and 16,000 shares in credit securities accounts, all acquired before his appointment as deputy general manager.

The amendments to the articles of association include updates to the company’s business scope, adding "gas cylinder filling" and "mobile pressure vessel filling," while removing "special equipment inspection and testing." These adjustments reflect the company's evolving business strategy and regulatory compliance.