Jiangsu Shagang shareholders approve 2025 half-year profit distribution plan

Jiangsu Shagang Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on September 9, 2025, where the proposal for the 2025 half-year profit distribution plan was approved. The meeting, which included both on-site and online voting, saw a total of 470 shareholders and their authorized representatives participating, collectively holding 642,079,273 shares, representing 29.2676% of the company's total voting shares.

The resolution, "On the Proposal for the 2025 Half-Year Profit Distribution Plan," passed with 639,308,373 votes in favor, accounting for 99.5684% of the total effective voting shares present. There were 2,405,500 votes against (0.3746%) and 365,400 abstentions (0.0569%). For small and medium-sized investors, 51,436,647 shares voted in favor, representing 94.8884% of their total effective voting shares.

The meeting complied with relevant laws, regulations, and the company's articles of association. Beijing Jincheng Tongda Law Firm confirmed the legality and validity of the meeting's convening, procedures, and resolutions.