en.Wedoany.com Reported - China's Shougang Co., Ltd. (000959.SZ) issued an announcement on June 23, 2026, regarding the departure of an independent director upon term expiration. Mr. Peng Feng, who had served as an independent director of the company for six consecutive years, stepped down on June 23, 2026, upon the expiration of his term. He will no longer hold any position on the board's special committees, nor will he hold any position in the company or its controlled subsidiaries after his departure.
On the same day, the company held a shareholders' meeting and elected Xiao Xiang and Liu Bo as the new independent directors. Public information shows that Xiao Xiang, female, born in March 1970, is a member of the Communist Party of China, holds a postgraduate degree, a Ph.D. in Economics, is a professor, doctoral supervisor, Beijing municipal teaching master, and a certified public accountant. Liu Bo, male, born in June 1977, holds a postgraduate degree, a Ph.D. in Engineering, is a professor, and a doctoral supervisor.
The full name of Shougang Co., Ltd. is Beijing Shougang Co., Ltd., headquartered in Shijingshan District, Beijing. It is one of China's large-scale integrated steel enterprises, with main businesses covering steel smelting, steel rolling, and metal product processing. The company was listed on the Shenzhen Stock Exchange in 1999 and is the core steel listing platform under the Shougang Group.
According to the relevant provisions of the China Securities Regulatory Commission's "Administrative Measures for Independent Directors of Listed Companies," an independent director's consecutive tenure at the same listed company shall not exceed six years. Mr. Peng Feng's departure is due to the normal expiration of his term and constitutes a compliant personnel adjustment. Xiao Xiang and Liu Bo possess profound academic backgrounds and extensive research experience in the fields of economics and engineering, respectively. Their addition will further optimize the professional structure of Shougang Co., Ltd.'s board of directors.
