Anhui Honglu Steel appoints new general manager, Wang Junmin resigns

Anhui Honglu Steel Construction Group has announced the resignation of Wang Junmin from his position as general manager due to work adjustments. Wang will continue to serve as the company's marketing general manager. His resignation is effective immediately upon submission to the board. As of the announcement date, Wang holds 206,830 company shares and 8 million units in the 2022 employee stock ownership plan, representing 4.58% of the total plan.

The board of directors approved the appointment of Shang Xiaobo as the new general manager, following a nomination by chairman Wan Shengping and review by the nomination committee. Shang's term will run from September 2, 2025, until the end of the sixth board of directors' tenure.

Shang Xiaobo, born in 1974, is a Chinese national with no permanent residency abroad. He has previously served as the company's chairman and currently holds a director position. He is also the company's controlling shareholder and actual controller, holding 249,519,764 shares. He is the brother of Shang Xiaohong, another company director.