Baogang Steel Co., Ltd. personnel changes

Inner Mongolia Baotou Steel (Group) Co., Ltd.

Announcement of Resolutions of the Forty-Second Meeting of the Seventh Session of the Board of Directors

The Board of Directors of the Company and all of its directors hereby guarantee that this announcement contains no false records, misleading statements, or material omissions, and they shall bear individual and joint liability for the truthfulness, accuracy, and completeness of the contents of this announcement.

I. Convening of the meeting of the Board of Directors

Inner Mongolia Baotou Steel (Group) Co., Ltd. (hereinafter referred to as the “Company”) issued the notice of the Forty-Second Meeting of the Seventh Session of the Board of Directors and other written materials such as the agenda to all directors on March 16, 2026 by personal delivery and by email. The meeting was held on March 19, 2026 in the form of voting by correspondence. A total of 12 directors were required to participate in the voting, and 12 directors actually participated. The convening of the meeting complies with the relevant laws, administrative regulations, departmental rules, normative documents, and the provisions of the Company’s Articles of Association.

II. Deliberation of the meeting

(I) The meeting deliberated and approved the “Proposal on Adjusting the Names and Members of the Board’s Special Committees”

To establish and improve the Company’s risk prevention and control system, enhance the Company’s risk prevention capability, and further improve its corporate governance structure, in accordance with the Company Law of the People’s Republic of China, the “Basic Norms for Enterprise Internal Control” jointly issued by five ministries including the Ministry of Finance, the “Measures for the Supervision and Management of Major Business Risk Control for Enterprises under the Supervision of the State-owned Assets Supervision and Administration Commission of Inner Mongolia Autonomous Region,” the State-owned Assets Supervision and Administration Commission of the State Council’s “Guidelines for Comprehensive Risk Management for Central Enterprises,” and the relevant provisions of the Company’s Articles of Association, the Company has renamed the “Board of Directors’ Strategy and ESG Committee” to the “Board of Directors’ Strategy, Risk and ESG Committee.” Due to changes in the members of the Board of Directors, the Company adjusted the members of the Board’s special committees. The situation after the adjustment is as follows:

1. Strategy, Risk and ESG Committee

Chairperson: Zhang Zhao

Members: Liang Zhigang Yu Yingwu Wang Weiping Guo Wenliang Liu Mi Fu Mingyue

2. Nomination, Remuneration and Performance Evaluation Committee of the Board of Directors

Chairperson: Xiao Jun

Members: Wang Weiping Fu Mingyue

3. Audit Committee of the Board of Directors

Chairperson: Wei Zhey an

Members: Wang Zhancheng Wen Shouxun Fu Mingyue Xue Fei

Voting results on the proposal: 12 votes in favor, 0 votes abstaining, 0 votes against.

(II) The meeting deliberated and approved the “Working Rules of the Board’s Special Committees of Baogang Shares”

In accordance with relevant provisions such as the “Code of Governance for Listed Companies,” the “Self-regulatory Guidelines No. 1 for Listed Companies of the Shanghai Stock Exchange—Standardized Operation,” the Company’s Articles of Association, and others, and in light of the Company’s actual situation, the Company amended certain provisions of the “Working Rules of the Board’s Special Committees of Baogang Shares.” For the specific content, please refer to the “Working Rules of the Board’s Special Committees of Baogang Shares” disclosed on March 20 on the website of the Shanghai Stock Exchange (www.sse.con.cn).

Voting results on the proposal: 12 votes in favor, 0 votes abstaining, 0 votes against.

Special Notice.

Board of Directors of Inner Mongolia Baotou Steel (Group) Co., Ltd.

March 19, 2026

Source: Announcement of Baogang Shares, compiled and edited by Taike Iron and Steel

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