Liuzhou Steel shareholders back hedging, elect new independent director

Liuzhou Iron & Steel Company Limited's third extraordinary general meeting of shareholders in 2025, held on September 16, 2025, saw the approval of two key resolutions. The resolution concerning the company and its subsidiaries engaging in hedging operations was passed with 99.9474% of the votes in favor. Of the 1,939,749,517 total votes cast, 1,938,730,092 voted in favor, 748,585 against, and 270,840 abstained.

Shareholders also approved the election of Wang Jianhua as an independent director for the ninth board of directors. Wang received 1,934,003,704 votes, representing 99.7037% of the effective votes cast at the meeting, securing his position.

The meeting, presided over by chairman Lu Chun-ning, achieved a shareholder attendance representing 75.6888% of the company's total voting shares. Beijing Yingke (Shanghai) Law Firm confirmed that the meeting's convening, attendance, and voting procedures complied with relevant laws and regulations, rendering the resolutions valid.