Anyang Iron & Steel shareholders back key subsidiary guarantees

Anyang Iron & Steel Company Limited announced the successful approval of two key guarantee proposals at its fifth extraordinary general meeting of shareholders on December 19, 2025. The meeting saw 456 shareholders and proxies representing 1.63bn voting shares, or 56.8495% of total voting shares, in attendance. Both proposals were passed, demonstrating strong shareholder support.

The first resolution, concerning a bank credit guarantee for its subsidiary Angang Group Cold Rolling Co., Ltd., passed with 99.8501% of A-shares voting in favor. The second resolution, for a trust loan guarantee for subsidiary Henan Angang Zhoukou Steel Co., Ltd., also passed with 98.9742% of A-shares voting in favor.

The meeting was convened by the company's board of directors and presided over by chairman Cheng Guanjiang. Beijing Hairun Tianrui Law Firm confirmed that the meeting's procedures, attendance, and voting complied with relevant laws and company articles.