Chongqing Iron & Steel shareholders extend non-competition undertaking with China Baowu

Chongqing Iron & Steel Company Limited announced that its 2025 First Extraordinary General Meeting (EGM), held on September 16, 2025, approved a resolution to extend the performance of the undertaking on non-competition by its de facto controller, China Baowu Steel Group Corporation Limited. The resolution passed with 98.9878% of total ordinary shares voting "for."

A total of 901,101,310 shares, representing both A and H shareholders, attended the meeting and carried voting rights. Specifically, 891,980,410 ordinary shares voted in favor, while 6,878,300 ordinary shares voted against (0.7633%), and 2,242,600 ordinary shares abstained (0.2489%). The EGM was convened and conducted in compliance with relevant laws and its Articles of Association.

As of the EGM date, the company had 8,851,763,767 shares in total, comprising 8,313,636,567 Renminbi-denominated A shares and 538,127,200 overseas listed H shares. Two lawyers from Beijing Zhonglun (Chongqing) Law Firm witnessed the proceedings, certifying the lawfulness and validity of the meeting's convening, holding, and voting results.