Nanjing Iron & Steel updates governance framework, shareholders approve changes

Nanjing Iron & Steel Company Limited's shareholders approved significant revisions to the company's Articles of Association, Board of Directors' Rules of Procedure, and Shareholders' Rules of Procedure during its second extraordinary general meeting on September 5, 2025. These amendments aim to enhance corporate governance and operational efficiency. The meeting, held in Nanjing, saw participation from shareholders representing 69.0093% of total voting shares, with all proposals receiving overwhelming approval.

Among the key resolutions passed were revisions to the company's Articles of Association and the establishment of a "Management System for Directors and Senior Management Leaving Office." The updated Articles of Association, effective upon approval of the other two procedural documents, reflect an adjusted registered capital of RMB 6,165,091,011.

The amendments, detailed in the updated Articles of Association, include clarifications on shareholder rights, board responsibilities, and the framework for senior management. These changes are designed to streamline decision-making processes, bolster internal controls, and align the company’s governance with current regulatory standards.