Anyang Iron & Steel shareholders approve key proposals, including subsidiary guarantees

Anyang Iron & Steel Company Limited held its fourth extraordinary general meeting of shareholders on November 26, 2025, in Anyang City, Henan Province. A total of 374 shareholders and proxies, representing 1.64bn shares, or 57.0377% of the total voting shares, participated. All resolutions presented during the meeting were successfully approved.

Key approvals included a guarantee for its subsidiary, Henan Anyang Steel Zhoukou Iron & Steel Co., Ltd., which passed with 99.0127% of votes in favor. The proposal for the subsidiary's capital increase and share expansion also received strong support, with 99.9153% of votes in favor. Furthermore, a resolution regarding the sale of a subsidiary's equity and related party transactions passed with 95.8120% in favor.

Shareholders also approved various other guarantees and financial arrangements, such as providing a financing lease guarantee for Henan Anyang Steel Southern Electromagnetic New Material Technology Co., Ltd. and applying for a comprehensive bank credit line. The meeting was conducted in compliance with relevant laws and regulations.