Liuzhou Iron & Steel approves key resolutions at AGM

Liuzhou Iron & Steel's annual general meeting saw strong shareholder support for management proposals. Key resolutions approved included the 2024 board and supervisory committee work reports, the 2024 annual report and profit distribution plan. The profit distribution plan saw 99.9692% approval from A-share holders, with 1,922,316,597 shares voting in favor. The company also secured approval for its 2025 project implementation plan and authorization for the board to manage specific share issuances, demonstrating a forward-looking strategy. Furthermore, shareholders approved revisions to the Articles of Association and rules of procedure for both shareholder and board meetings, streamlining governance practices. The renewal of the "Production and Operation Service Agreement," a related-party transaction, was also greenlit, with significant participation from minority shareholders. Legal counsel affirmed the meeting's compliance with all applicable regulations.