SGIS Songshan announces director appointment, governance overhaul

SGIS Songshan has announced the appointment of Xie Qi as a non-independent director, following the resignation of former chairman Wu Kunzong due to work reasons. The appointment will be effective from the date of shareholder approval. This change coincides with the company's decision to dissolve its Board of Supervisors, transferring its responsibilities to the Board of Directors' Audit and Risk Committee. This structural change is part of a broader effort to streamline governance, aligning with the amended "Company Law" and "Listing Rules."

Concurrently, SGIS Songshan is updating its business scope to better suit operational needs and comply with new regulations. These adjustments include refining its manufacturing, processing, and sales of steel products, as well as expanding into areas like technology development and resource recycling. The company also introduced updates to its securities investment, insider information, and investor relations management systems to enhance internal controls and compliance.

These comprehensive revisions will be presented for shareholder approval at an extraordinary general meeting on September 17, 2025. The changes reflect SGIS Songshan's commitment to strengthening corporate governance, mitigating risks, and protecting investor interests through transparent and efficient operations.