On December 4, 2024, CITIC Pacific Special Steel Group Co., Ltd. announced that independent directors Mr. Zhang Yue and Mr. Jiang Tao resigned from their positions as independent directors of the 10th board of directors and members of the related special committees due to relevant regulations. Because of their resignations, the proportion of independent directors on the board of directors will fall below one-third, thus a general meeting of shareholders needs to be held to elect new independent directors. Until the new independent directors are elected, Mr. Zhang Yue and Mr. Jiang Tao will continue to perform their duties. The company commits to completing the supplementary election work as soon as possible in accordance with relevant regulations. As of the announcement date...Show More

On December 4, 2024, CITIC Pacific Special Steel Group Co., Ltd. announced that independent directors Mr. Zhang Yue and Mr. Jiang Tao resigned from their positions as independent directors of the 10th board of directors and members of the related special committees due to relevant regulations. Because of their resignations, the proportion of independent directors on the board of directors will fall below one-third, thus a general meeting of shareholders needs to be held to elect new independent directors. Until the new independent directors are elected, Mr. Zhang Yue and Mr. Jiang Tao will continue to perform their duties. The company commits to completing the supplementary election work as soon as possible in accordance with relevant regulations. As of the announcement date, Mr. Zhang Yue and Mr. Jiang Tao did not hold any shares in the company, nor were there any unfulfilled commitments. The board of directors expresses gratitude for their contributions during their tenure. The announcement emphasizes that both independent directors diligently fulfilled their responsibilities and made significant contributions to the development of the company.