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LIU Andong presided over the promotion meeting of the IPO listing of Sinosteel Luonai Materials Technology Corporation.

LIU Andong presided over the promotion meeting of the IPO listing of Sinosteel Luonai Materials Technology Corporation.

(Summary description)On August 17, on the occasion of the establishment of Sinosteel Luonai Technology Co., Ltd., Liu Andong, deputy secretary of the party committee and general manager of Sinosteel Group presided over the IPO promotion meeting of Sinosteel Luonai. Liu Debin, Chief Accountant of Sinosteel

LIU Andong presided over the promotion meeting of the IPO listing of Sinosteel Luonai Materials Technology Corporation.

On August 17, on the occasion of the establishment of Sinosteel Luonai Technology Co., Ltd., Liu Andong, deputy secretary of the party committee and general manager of Sinosteel Group presided over the IPO promotion meeting of Sinosteel Luonai. Liu Debin, Chief Accountant of Sinosteel; Wang Yunqi, General Manager of Capital Operation Department; Wu Lihong, Deputy General Counsel and General Manager of Legal Department; Cheng Long, Deputy General Manager of Assets and Finance Department; Xu Dingsheng, Deputy General Manager of Science and Technology Innovation Department; Feng, Deputy Secretary of the Party Committee, General Manager and Chief Engineer of Sinosteel Luonai, Bo Jun, members of the special class of Sinosteel Luonai's listing work, and relevant personnel from China Securities Construction Investment, Dahua Accounting Firm and Kangda Law Firm attended the meeting.

At the meeting, Sinosteel Luonai and various intermediary agencies reported to Mr. Liu on the key work that the company needs to carry out after the company’s listing.

Liu Andong fully affirmed the work and achievements made by Sinosteel Luonai to promote the listing this year. Since the beginning of this year, Sinosteel Luonai has overcome the impact of the epidemic, focusing on the current production and operation, and the listing advancement, with careful organization and teamwork. It has successively completed various pre-listing preparations such as due diligence of intermediary agencies, audits, evaluations, asset consolidation, corporate governance, mixed reform and introduction of strategic investment, employee stock ownership and shareholding reforms. According to the listing work arrangement of Sinosteel Luo Nai, the next step will be to carry out listing guidance and listing application work.

Finally, Liu Andong put forward requirements for the next listing of Sinosteel Luonai: Sinosteel Luonai’s listing is of great significance in the history of Sinosteel Luonai’s development, time is tight, and tasks are heavy. It must be promoted in accordance with the overall schedule of Sinosteel. All relevant departments of the group must give full support. All relevant departments of the group, intermediary agencies and Sinosteel Luonai shall cooperate closely; Sinosteel Luonai shall attach great importance to division of responsibilities, formulate task lists, invert time, and assign responsibilities to individuals, and hold a work promotion meeting every month; It is necessary to standardize the operation and governance of the company in accordance with the requirements of the listing and the capital market, efficiently and standardize the work of listing, and ensure that the listing is completed within the set time.

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