Core Viewpoint - The company Baowu Magnesium Industry has conducted its seventh board meeting, where several key resolutions were passed, including the appointment of new non-independent directors and the hiring of a new general manager [1][2]. Group 1: Board Resolutions - The board approved the election of non-independent directors, nominating Kong Xianghong, Shen Yan, and Lü Xiaoran as candidates [1][2]. - The board unanimously agreed to appoint Wen Faping as the new general manager, effective immediately [2]. - A proposal for organizational restructuring and management reform under the "1+X" operational model was approved, which includes the dissolution of the magnesium materials division [2][3]. Group 2: Governance Changes - The company decided to abolish the supervisory board, transferring its responsibilities to the audit committee of the board, in compliance with the revised Company Law [3]. - The company will revise its articles of association to align with new legal requirements and improve governance practices [3]. - The board approved the revision of the audit committee's working rules [4]. Group 3: Upcoming Events - The company has scheduled its second extraordinary general meeting for August 27, 2025, to discuss the resolutions passed in the board meeting [4].

Group 1 - The company is named Baowu Magnesium Technology Co., Ltd., previously known as Nanjing Yunhai Special Metals Co., Ltd. It was established on August 18, 2006, and registered with a unified social credit code [2][3] - The company was approved by the China Securities Regulatory Commission to publicly issue 48 million shares of RMB ordinary stock on October 19, 2007, and was listed on the Shenzhen Stock Exchange on November 13, 2007 [3] - The registered capital of the company is RMB 99,179.1553 million [3] Group 2 - The company's business scope includes the production and sales of magnesium and magnesium alloy products, metal strontium, and other alkaline earth metals and alloys, as well as aluminum alloy products [5] - The company aims to enhance its core competitiveness and create satisfactory value for shareholders by establishing a modern enterprise system and focusing on economic efficiency [5] Group 3 - The company has a total of 99,179.1553 million shares, all of which are ordinary shares [7] - The company’s shares are issued in the form of stocks, and the issuance follows principles of openness, fairness, and justice [6] Group 4 - The company is required to hold a general meeting of shareholders annually and can convene temporary meetings under certain conditions [49][52] - Shareholders holding more than 10% of the shares can request the board to convene a temporary shareholders' meeting [54]

宝武镁业科技股份有限公司 董事会审计委员会工作细则 第一章 总则 第一条 为强化宝武镁业科技股份有限公司（简称"公司"）董事会决策功 能，做到事前审计、专业审计、风险防控，确保董事会对公司财务信息的充分 掌握和对经理层的有效监督，提高公司的管理效率和工作效率，并进一步完善 公司治理结构，根据《中华人民共和国公司法》（简称"《公司法》"）、 《上市公司独立董事管理办法》《深圳证券交易所股票上市规则》《深圳证券 交易所上市公司自律监管指引第1号——主板上市公司规范运作》《宝武镁业科 技股份有限公司章程》（简称"《公司章程》"）及其他有关规定，公司设立 董事会审计委员会，并制订本工作细则。 第二条 审计委员会是董事会设立的专门工作机构，主要负责审核公司财务 信息及其披露、监督及评估内外部审计工作和内部控制，以及公司风险识别、 防范与管理工作，为董事会决策提供咨询意见和建议，对董事会负责。 第二章 人员组成 第三条 审计委员会成员由五名不担任公司高级管理人员的董事组成，其中 独立董事三名（包括一名专业会计人士）。审计委员会成员应当具备履行审计 委员会工作职责的专业知识和经验。 第四条 审计委员会委员由董事长、二分之一 ...

证券日报网讯 8月11日晚间，宝武镁业发布公告称，近日，公司收到董事长梅小明先生的书面辞职报 告，因个人原因辞去公司第七届董事会董事长、董事、董事会战略决策委员会主任委员、董事会提名委 员会委员、董事会审计委员会委员等职务，辞职后不再担任公司及其子公司其他职务。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 8月11日晚间，宝武镁业发布公告称，近日，公司收到董事、总经理王强民先生的书面辞 职报告，因工作变动原因辞去公司第七届董事会董事、董事会战略决策委员会委员、董事会提名委员会 委员、总经理职务，辞职后不再担任公司其他职务。 ...

Core Viewpoint - Baowu Magnesium Industry announced that it will hold its second extraordinary general meeting of shareholders on August 27, 2025, to review the proposal for the re-election of non-independent directors [2] Group 1 - The extraordinary general meeting is scheduled for August 27, 2025 [2] - The agenda includes the proposal for the re-election of non-independent directors [2]

证券日报网讯 8月11日晚间，宝武镁业发布公告称，公司第七届监事会第七次会议审议并通过了《关于 取消监事会及修订〈公司章程〉的议案》。 （文章来源：证券日报） ...

Core Viewpoint - Baowu Magnesium Industry announced the approval of multiple proposals, including the convening of the second extraordinary general meeting of shareholders in 2025 during the ninth meeting of the seventh board of directors [2] Group 1 - The company held its seventh board of directors' ninth meeting on August 11 [2] - The meeting resulted in the approval of the proposal to convene the second extraordinary general meeting of shareholders in 2025 [2]

（编辑 任世碧） 证券日报网讯 8月11日晚间，宝武镁业发布公告称，公司2025年8月11日召开第七届董事会第九次会 议，审议通过《关于补选公司非独立董事的议案》，同意孔祥宏先生、沈雁先生、吕笑然先生为公司第 七届董事会非独立董事候选人，任期自股东会审议通过之日起至本届董事会任期届满之日止。 ...

Group 1 - The company Baowu Magnesium Industry announced the resignation of Chairman Mei Xiaoming and General Manager Wang Qiangmin due to personal and work-related reasons respectively [1] - Mei Xiaoming, as the founder, played a significant role in driving technological innovation and industry upgrades, establishing the company's leading position in the magnesium industry [1] - Baowu Magnesium has a comprehensive layout in the magnesium alloy manufacturing sector, with a total magnesium ore resource reserve of 1.75359 billion tons and planned production capacities of 500,000 tons for primary magnesium, 600,000 tons for magnesium alloys, and 300,000 tons for silicon iron by the end of 2024 [1] Group 2 - Industry experts highlight that magnesium is a structurally controllable metal with complete self-sufficiency in the supply chain, unlike iron and aluminum which have high external dependency [2] - The external dependency of bauxite has increased from 40.5% in 2017 to 73.2% in 2024, while iron ore dependency remains high at 82% in 2024 [2] - The automotive lightweighting trend is expected to drive demand for magnesium alloys, as their properties enhance comfort and reduce vehicle weight, thereby extending battery life [2] - Baowu Magnesium is positioned to benefit from its parent company Baowu Group's advantages in the automotive materials supply chain, which will further promote the growth of magnesium alloy components in the automotive industry [2]