Bayi Iron & Steel announces new board, management appointments

Xinjiang Ba Yi Iron & Steel’s second extraordinary general meeting of shareholders in 2025, held on November 11, 2025, approved several key resolutions. These included the adjustment of the 2025 fixed asset investment plan, the construction of a new 3500mm pre-straightening machine for the rolling mill, the abolition of the supervisory board, and revisions to the company's articles of association. The meeting also approved a commitment extension from the controlling shareholder, Xinjiang Ba Yi Iron & Steel Group Co., Ltd., to avoid horizontal competition.

Following the shareholder meeting, the ninth board of directors convened, appointing Ke Shanliang as chairman and He Yu as vice chairman. The board also elected members for its specialized committees, including strategy, ESG, audit, nomination, and remuneration and appraisal.

Furthermore, the board appointed Liu Wenzhuang as general manager, Jiang Yang as board secretary, Cao Jie as chief accountant, and Zhang Dan as securities affairs representative. These appointments streamline the company’s leadership structure for its new term.