Sansteel MinGuang board approves major corporate governance reforms

Fujian Sansteel MinGuang Co., Ltd. (SZSE:002110) held its Eighth Board of Directors’ 29th Meeting on October 16, 2025, via telecommunication. Chaired by Liu Meixuan, all nine directors participated, unanimously approving four key resolutions concerning corporate governance.

The board approved the re-formulation of the "Board of Directors' Audit Committee Rules of Procedure," "Management System for Shares Held by Directors and Senior Management and Their Changes," "Independent Directors' Annual Report Work System," and "Subsidiary Management System." All resolutions passed with nine votes in favor, zero against, and zero abstentions, indicating strong board consensus.

These updated policies, effective upon board approval, replace their previous versions. The full texts of these revised documents are available on www.cninfo.com.cn.