Baosteel approves CNY 70.7m for Yunnan aid projects

Baoshan Iron & Steel (Baosteel) announced the approval of CNY 70.7 million in funding for 46 designated aid projects in Yunnan province. The decision was made during the 54th meeting of the company’s eighth Board of Directors, held on May 23, 2025. All 11 directors were present and unanimously approved the resolution. The board meeting, convened via written ballot following proposals from multiple directors, adhered to relevant laws, regulations, and the company's articles of association. The approved funding underscores Baosteel's commitment to corporate social responsibility and targeted poverty alleviation initiatives.