Liuzhou Iron & Steel proposes reappointing Tianzhi International as auditor for 2025

Liuzhou Iron & Steel Company Limited has announced the proposed re-appointment of Tianzhi International Certified Public Accountants (Special General Partnership) as its auditor for 2025. This decision, approved by the board of directors on November 27, 2025, covers the audit of both financial reports and internal controls for a one-year term.

Tianzhi International, established in December 1988, reported total audited income of yuan 2.501 billion and audit service income of yuan 1.938 billion in 2024. The audit fee for 2024 was yuan 99.5 million, with yuan 70 million for financial report audit and yuan 29.5 million for internal control audit.

The re-appointment of Tianzhi International is subject to approval at the company's Fifth Extraordinary General Meeting of 2025, scheduled for December 16, 2025, at 10:00 AM. Shareholders can vote in person or via the Shanghai Stock Exchange online voting system, which will run from 9:15 AM to 3:00 PM on December 16, 2025. The board's audit committee acknowledged Tianzhi International's independence, professional competence, and investor protection capabilities during a prior review.