Lingyuan Iron & Steel: Director and Senior Executive You Yu Departs Due to Job Change

Lingyuan Iron & Steel Co., Ltd. announced that on October 15, 2026, the company's board of directors received a written resignation report from You Yu, a non-independent director, deputy general manager, and chief accountant. You Yu applied to resign from the above positions due to a change in work, and will no longer hold any position in the company after resignation. The resignation report takes effect on the date it is delivered to the board of directors. This resignation did not cause the number of members of the company's board of directors to fall below the statutory minimum and will not affect the normal operation of the board of directors. The company will complete the by-election of non-independent directors as soon as possible. As of the disclosure date of the announcement, You Yu held 460,000 restricted shares granted by the company but not yet released from lock-up, and the repurchase and cancellation procedures will subsequently be handled in accordance with relevant regulations.