Xinyu Iron & Steel to hold shareholder meeting for key financial, operational approvals

Xinyu Iron & Steel Co., Ltd. (SSE:600782) will convene its fourth extraordinary general meeting of shareholders on December 29, 2025, to address critical proposals. These include a new financial services agreement with Baowu Group Finance Co., Ltd. and a review of 2025 and forecast for 2026 related-party transactions. This follows board and independent director approvals on December 12, 2025, which confirmed the fairness and necessity of these transactions for optimizing financial management and reducing financing costs.

The company also announced changes in its auditing team and a significant share incentive program. ZhongShenZhongHuan Certified Public Accountants (Special General Partnership) will continue as the auditor for 2025, but with new signing auditors, Zhao Liang and Xia Min. Additionally, Xinyu Iron & Steel completed the grant of 1.48 million restricted A-shares to 9 incentive recipients on December 10, 2025, at a price of 2.14 yuan per share, effective October 31, 2025, with proceeds of 3,167,200.00 yuan allocated to working capital.

These actions collectively aim to enhance the company's operational efficiency and financial health, while ensuring regulatory compliance and strong corporate governance. The share incentive program demonstrates the company's commitment to aligning management and employee interests with shareholder value.