Baogang Steel shareholders approve business scope expansion

Inner Mongolia Baotou Steel Union Co., Ltd. (Baogang Steel) held its third extraordinary general meeting of shareholders for 2025 on September 26, 2025, in Baotou. The meeting saw 8,499 shareholders and proxies attend, representing 25,679,652,104 shares, or 56.7219% of total voting shares. The meeting was chaired by Mr. Zhang Zhao, chairman of the company.

The primary resolution, concerning the expansion of the company's business scope and the amendment of the "Articles of Association," was approved. Of the votes cast, 25,632,550,185 shares (99.8165%) voted in favor, 40,163,823 shares (0.1564%) voted against, and 6,938,096 shares (0.0271%) abstained. This special resolution passed with over two-thirds of the effective voting shares.

Inner Mongolia Jianzhong Law Firm, represented by lawyers Ma Xiufang and Wang Hao, confirmed that the meeting complied with relevant laws, regulations, and the company's articles of association, ensuring the legality and validity of the resolutions passed.