Group 1 - The company held the 31st meeting of the 10th Supervisory Board on September 22, 2025, with all three supervisors present, and the meeting was chaired by Mr. Hong Gongxiang [2][4] - The Supervisory Board approved the proposal for the reduction of capital by Maanshan Iron & Steel Co., Ltd. in its associate company, Baowu Water Technology Co., Ltd., stating that the proposal aligns with the company's operational needs and strategic development [3][4] - The voting result for the proposal was unanimous approval with 3 votes in favor, 0 against, and 0 abstentions [4] Group 2 - The company announced that its controlling subsidiary, Maanshan Iron & Steel Co., Ltd., will reduce its capital in Baowu Water Technology Co., Ltd. through an asset valuation method, which constitutes a related party transaction [7][9] - The capital reduction agreement was signed on September 22, 2025, involving Maanshan Iron & Steel Co., Ltd. and 18 other shareholders, with the company's shareholding in Baowu Water decreasing from 14.977% to 3.151% [9][12] - The total equity value of Baowu Water was assessed at RMB 435.6 million, reflecting an increase of RMB 25.579 million, or 6.24%, compared to the book net asset value [12][13] Group 3 - The capital reduction will enhance the operational efficiency and effectiveness of Maanshan Iron & Steel Co., Ltd., and will not significantly impact its daily operations or financial status [14][16] - The independent directors reviewed and approved the capital reduction proposal, confirming that it aligns with the company's operational strategy and does not harm the interests of shareholders, especially minority shareholders [16][18] - The Board of Directors also approved the capital reduction proposal, with the related director abstaining from the vote, and the independent directors voting in favor [17][28]
马鞍山钢铁股份有限公司监事会决议公告