Usinas Siderurgicas de Minas Gerais S. A approved the removal of Mr. Romel Erwin de Souza from the position of the CEO and the appointment of Mr. Sergio Leite de Andrade as the new CEO (collectively, the 'March 23 Resolution'). The removal of Mr. Romel from the position of the CEO was approved without any legitimate reason and the appointment of Mr. Sergio as the new CEO was also approved.