Hongli Group Appoints Michael W. Zhang as Chairman Amid Leadership Transition

## Hongli Group Names New Chairman in Board Leadership Shake-Up Hongli Group Inc. (Nasdaq: HLP), a Weifang, China-based manufacturer of cold roll formed steel profiles, has announced the appointment of Mr. Michael W. Zhang as Chairman of the Board, according to a company statement issued via PR Newswire. The transition, which took effect on September 29, 2026, marks a notable change at the helm of a company whose products serve as foundational materials across a range of heavy industrial applications, including shipbuilding, offshore structures, and marine infrastructure supply chains. Cold roll formed steel profiles are widely used in the construction of vessel components, port infrastructure, and offshore platforms, making manufacturers such as Hongli Group relevant suppliers within the broader maritime and heavy industry ecosystem. Any strategic realignment at the leadership level could have downstream implications for procurement and supply relationships across these sectors. The company has not yet detailed the specific strategic priorities Mr. Zhang intends to pursue in his new role, nor has it disclosed the circumstances surrounding the departure of the previous chairman. Further guidance is expected to be provided through official investor communications in the coming weeks. Hongli Group's listing on the Nasdaq exchange underscores its profile as an internationally oriented manufacturer, and the appointment of new board leadership may signal efforts to strengthen corporate governance or pursue expanded market opportunities, potentially including greater engagement with global maritime and industrial clients. Industry observers will be watching for any subsequent announcements regarding shifts in the company's production strategy, export focus, or capital allocation plans that could affect its positioning as a steel supplier to marine and offshore construction markets. *Source: PR Newswire / Hongli Group Inc.*