Zhong Zheng Wang·2025-12-29 14:19Core Viewpoint - China Metallurgical Group Corporation (China MCC) has successfully passed several key resolutions at its first extraordinary shareholders' meeting of 2025, marking a significant step in its structural adjustment and reform strategy aimed at focusing on core business and optimizing its business structure [1][2] Group 1: Shareholder Meeting Resolutions - The resolutions passed include proposals for asset sales, related party transactions, and changes in the use of funds raised from A-shares and H-shares [1] - The approval of these resolutions reflects the company's commitment to reform and aligns with the national strategy for high-quality development and professional integration of state-owned enterprises [1] Group 2: Strategic Focus and Resource Allocation - The asset sales and related transactions are aimed at systematically optimizing non-core, high-risk business areas, which will help reduce operational uncertainty and improve the company's asset structure and financial flexibility [1][2] - Following the completion of these transactions, China MCC is expected to achieve significant capital recovery, which will be directed towards strengthening its core business and supporting the development of its "one core, two main bodies, and five characteristic" business system [2] - The company plans to enhance its core metallurgy construction business and develop new industrialization and urbanization initiatives, while also fostering specialized sectors such as engineering services, new materials, high-end equipment, energy conservation, and smart applications [2]