Hesteel elects new non-independent directors at extraordinary meeting

Hesteel Company Limited held its second extraordinary general meeting of shareholders for 2025 on November 26, 2025, using on-site and online voting. A total of 239 shareholders participated, representing 6,746,296,081 shares, or 65.2628% of the company's total voting shares. Notably, 235 small and medium-sized investors participated, representing 51,059,033 shares.

The meeting's primary agenda item, "Election of Non-Independent Directors," was successfully passed. Shareholders approved Han Jian as a non-independent director with 6,741,755,447 votes, and Wang Baowei as a non-independent director with 6,741,633,977 votes. Both candidates were elected.

Lawyers from Beijing Jincheng Tongda Law Firm verified the meeting's procedures and resolutions, confirming compliance with relevant laws, regulations, and the company's articles of association. The company also confirmed that no resolutions were rejected and no changes were made to previous general meeting resolutions.