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on september 14, jiugang hongxing issued an announcement stating that the company's board of directors received a resignation report submitted by the former chairman, mr. zhang zhengzhan, who applied to resign from the company's chairman, director and various special committees of the board of directors due to a change in position. according to the "company law", "company articles of association" and relevant regulations, mr. zhang zhengzhan's resignation will not cause the company's board of directors to fall below the statutory minimum number of members. his resignation report will take effect from the date of delivery to the board of directors, and he will no longer hold any position in the company after his resignation.

information on the official website shows that jiugang hongxing was approved by the gansu provincial people's government and was established on april 17, 1999 by jiuquan iron and steel (group) co., ltd. as the main initiator, together with five large and medium-sized state-owned enterprises, namely lanzhou railway bureau, gansu electric power company, jinchuan nonferrous metals company, and northwest yongxin chemical co., ltd. it is a joint-stock company with a diversified shareholder structure.

the company has formed a modernized production line integrating mining, mineral processing, sintering, coking, ironmaking, steelmaking, hot rolling, cold rolling and stainless steel. the company's products are widely used in equipment manufacturing, petrochemical, nuclear power, military industry, electric power, automobile, high-speed rail, home appliances, building materials, catering and kitchen food, agriculture, forestry and animal husbandry, underground pipeline gallery, solar energy and photovoltaic industries.