Hangzhou Iron & Steel strengthens governance with board and structural changes

Hangzhou Iron & Steel Group (SSE:600126) convened its first extraordinary general meeting of shareholders for 2025 on September 10, 2025. All proposed resolutions were passed, including the approval to abolish the supervisory board and revise the articles of association and related rules of procedure, with 99.2756% of votes in favor. The meeting also saw the election of new non-independent and independent directors to the ninth board of directors. A total of 2,749 shareholders and proxies attended, representing 1,936,577,294 shares, or 57.3428% of total voting shares.

Concurrently, the company's ninth board of directors held its nineteenth meeting on the same day. It approved the election of Wu Dongming as a director responsible for company affairs and the legal representative. The board also adjusted the composition of its specialized committees, including the audit, strategy, nomination, and remuneration & assessment committees, to ensure effective governance. These changes reflect Hangzhou Iron & Steel's ongoing commitment to strengthening its corporate structure and leadership.