Maanshan Iron & Steel board approves major governance revisions

On December 24, 2025, Maanshan Iron & Steel Company Limited convened its Tenth Board of Directors' Forty-Eighth Meeting, with all six directors present. The board unanimously approved comprehensive revisions to its corporate governance system, reflecting the latest regulatory requirements and internal operational needs.

The approved changes include renaming several key committee charters, such as the "Board of Directors Strategy and Sustainable Development Committee Work Regulations" to "Work Guidelines" and consolidating various regulations. For instance, the "Board of Directors Audit and Compliance Management Committee Work Regulations" and "Board of Directors Review (Audit) Committee Annual Work Procedures" will merge, with the latter abolished. Similarly, the "Independent Directors Work System" will merge with the "Independent Directors Annual Report Work System," abolishing the latter.

Furthermore, the "Information Disclosure Management Measures" will combine with the "Information Disclosure Direct Business Work Procedures," and the "Directors, Supervisors, and Senior Management Shareholding Management Measures" will be renamed "Directors and Senior Management Shareholding Management Measures." Overall, 26 corporate governance documents, including frameworks for social responsibility, financial accounting, internal control, and related-party transactions, were either revised, renamed, or consolidated. The resolution passed with six votes in favor, zero against, and zero abstentions.