Chongqing Iron & Steel board approves auditor change, bylaw revisions

Chongqing Iron & Steel Company announced on October 31, 2025, resolutions from its board of directors' meeting held on October 30, 2025. Key approvals include the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the 2025 financial and internal control auditor, replacing Ernst & Young Hua Ming LLP. The audit fee for 2025 is 240.83 million yuan, a 5% reduction from the previous period. This change aligns with regulatory requirements on auditor tenure.

The board also approved revisions to the Company's Articles of Association and related annexes, including the abolition of the supervisory board and the deletion of clauses related to class shareholders. These changes adhere to updated PRC Company Law and Listing Rules.

All major resolutions, including the auditor appointment and bylaw amendments, will be submitted for approval at the 2025 second extraordinary general meeting, the 2025 first A-share class meeting, and the 2025 first H-share class meeting. The company also published its 2025 third-quarter report, showing a net loss of 87,309,147.80 yuan for the quarter and 218,326,788.47 yuan for the year-to-date.