Chongqing Iron & Steel shareholders approve most proposals, H-share vote fails

Chongqing Iron & Steel Company held its second extraordinary general meeting of 2025, first A-share class meeting, and first H-share class meeting on November 26, 2025. Shareholders approved the appointment of the 2025 annual audit accounting firm and revisions to the company's articles of association, including the cancellation of the supervisory board. However, a proposal to revise the company's articles of association and its appendices concerning class shareholder-related terms was not passed by the H-share class meeting, meaning these terms will remain unchanged.

The extraordinary general meeting's resolutions 1, 2, and 3, as well as the A-share class meeting's resolution on class shareholder-related terms, were approved by over two-thirds of the effective voting rights held by attending shareholders. Notably, the H-share class meeting's sole agenda item regarding class shareholder-related terms failed to pass, receiving only 1.0435% "for" votes and 98.9565% "against" votes from H-shareholders.

The company's articles of association and the shareholders' meeting and board of directors' rules have been updated to reflect the approved changes, with a revision date of November 26, 2025. These documents outline the company's governance framework, including provisions for shareholder rights, board responsibilities, and procedural guidelines for meetings.