Baosteel Co., Ltd. approves key resolutions at AGM

Inner Mongolia Baotou Steel Union (SSE:600010) announced the results of its 2024 Annual General Meeting (AGM), held on May 22, 2025. Shareholders approved all agenda items via a combination of on-site and online voting. Key resolutions passed include the 2024 Board of Directors' work report, the 2024 Supervisory Board's work report, and the 2024 profit distribution plan. Amendments to the company's articles of association were also approved. A total of 3,474 shareholders and proxies, representing 27,176,805,521 shares or 60.0080% of the company's total voting shares, participated in the meeting. Resolutions involving related-party transactions, specifically relating to the execution of 2024 related transactions and forecasts for 2025, saw Baotou Iron and Steel (Group) Co., Ltd. abstain from voting on 25,082,792,537 shares. Legal counsel confirmed the meeting's compliance with relevant laws and regulations.