Xinyu Iron & Steel to hold EGM on financial services, related party deals

Xinyu Iron & Steel Co., Ltd. has scheduled its fourth extraordinary general meeting of shareholders for 2025, set for December 29, 2025, at 2:30 PM. The meeting will be held at the company’s conference room in Xinyu City, Jiangxi Province, and will offer both on-site and online voting. Key agenda items include a proposal for a financial services agreement with Baowu Group Finance Co., Ltd., and a review of the company's 2025 daily related party transactions, along with a forecast for 2026.

The first resolution involves continuing financial services such as deposits, loans, and foreign exchange settlements with Baowu Group Finance Co., Ltd. This agreement aims to optimize financial management, enhance capital utilization efficiency, and reduce capital costs for Xinyu Iron & Steel. Further details on this proposal were disclosed on December 13, 2025, on the Shanghai Stock Exchange website.

The second agenda item focuses on the company’s daily related party transactions in 2025 and the projected outlook for 2026. These transactions are considered integral to Xinyu Iron & Steel's production and operational activities. The company emphasized adherence to national laws, accounting standards, and listed company regulations to ensure fairness and protect shareholder interests. Specifics regarding these transactions were also publicly announced on December 13, 2025.