Hesteel announces major board and senior management changes

Hesteel Co., Ltd. announced significant changes to its board and senior management. Chairman Wang Lanyu, vice chairman and general manager Xu Bin, and chief accountant Zhang Aiming have submitted their resignations. Wang Lanyu is stepping down from his roles as chairman and director, while Xu Bin is resigning as general manager, vice chairman, and director due to work changes. Zhang Aiming is resigning as chief accountant, also due to work changes. Their resignations are effective upon submission to the board, and Wang Lanyu and Xu Bin will no longer hold any positions within the company.

Following these resignations, the company's board will temporarily have nine members, with two vacancies. The board confirmed that these changes will not impact normal operations, and the company will initiate the director re-election process promptly.

On October 17, 2025, the board elected Deng Jianjun as the new chairman and Zhang Aiming as the new vice chairman, with their terms extending until the end of the sixth board term. Additionally, Zhang Aiming was appointed general manager, and Wang Baojun was appointed chief accountant for the same period. The announcement also provided biographical details for Deng Jianjun, Zhang Aiming, and Wang Baojun, highlighting their extensive experience and qualifications within the industry.