Shandong Iron & Steel's 2024 AGM approves all resolutions

Shandong Iron & Steel's AGM saw strong shareholder support for the board's proposals. Key resolutions included the approval of the 2024 annual report and financial highlights, the 2024 profit distribution plan, and the company's 2025 capital expenditure budget. Shareholders also approved the re-appointment of the accounting firm. All director and supervisor compensation plans were approved. Notably, the resolution regarding daily related-party transactions saw approximately 11.7% opposition, and the company's largest shareholders recused themselves from voting on this resolution. The Beijing Dacheng (Jinan) Law Firm provided legal attestation for the meeting, affirming its compliance with relevant laws and company regulations.