Why did Xiaozun Lake quit?

Personal reasons. For personal reasons, Xiao Zunhu resigned as chairman, director, member of strategy committee and member of nomination and remuneration assessment committee of the eighth board of directors of Valin Iron and Steel Company, and no longer served as secretary of the board. In addition, Xiao Zunhu resigned as the chairman of Hunan Iron and Steel Group Co., Ltd. because he reached retirement age and went through retirement procedures.