Xinyu Iron & Steel shareholders approve governance, capital changes

Xinyu Iron & Steel Company Limited's third extraordinary general meeting for 2025, held on September 8, 2025, in Xinyu City, Jiangxi Province, saw 475 attendees representing 49.1906% of the company's total voting shares. The meeting, presided over by chairman Liu Jianrong, passed all proposed resolutions.

Key approvals included the abolition of the Supervisory Board and its rules, which garnered 99.2720% of votes in favor. Shareholders also approved changes to the company's registered capital and amendments to the Articles of Association with 98.1141% support. Additionally, proposals for the Shareholders' Meeting Rules, Board of Directors' Meeting Rules, Independent Directors' Work System, and the Compensation Management System for Directors and Senior Management all passed with strong majority votes.

A resolution to utilize idle funds for wealth management also received approval, supported by 97.8290% of the votes. According to Jiangxi Huabang Law Firm, the meeting's convening, attendance, and voting procedures adhered to relevant laws and regulations, ensuring the validity of all resolutions.