CHONGQING IRON (01053) announced that its tenth board of directors held its 24th meeting on March 30, 2026. During the meeting, a proposal concerning changes in senior management was reviewed and approved. The proposal had previously been reviewed and passed by the nomination committee before being submitted to the board for decision. The specific details of the announcement are as follows: The company authorized Mr. Zhao Shiqing, Senior Vice President, to act as the President, effective from the date of the board's approval until the appointment of a new President by the board. Additionally, Mr. Li Haifeng was appointed as Senior Vice President of the company. His term will commence from the date of the board's approval and will last until the expiration of the current board's term.