Shandong Iron and Steel shareholders approve governance overhaul

Shandong Iron and Steel Company Limited held its third extraordinary general meeting of shareholders for 2025 on November 11, 2025, where shareholders approved two key resolutions. The meeting, held at the company's headquarters in Jinan, Shandong Province, saw the participation of 1,060 shareholders and proxies, representing 6,384,223,596 shares, or 60.5407% of the total voting shares.

The first resolution, "Proposal on Cancelling the Supervisory Board, Changing the Business Scope and Amending the Articles of Association," was a special resolution that passed with 98.8358% of votes in favor. This translates to 6,309,904,726 votes from A-share holders. The second resolution, "Proposal on Appointing Directors to the Eighth Board of Directors," a common resolution, also passed with an overwhelming 99.8176% of votes, or 6,372,580,533 votes from A-share holders.

Both resolutions were confirmed by Beijing Dacheng (Jinan) Law Firm, which stated that the meeting's convening, attendance, and voting procedures complied with relevant laws, regulations, and the company's articles of association.