MCC 2025 AGM: 12 Resolutions Cleared with 57.66% Shareholder Turnout; H-Share Repurchase Mandate Secured

Bulletin Express06-29 20:05

Metallurgical Corporation of China Ltd. (MCC) confirmed that all 12 resolutions tabled at its 2025 Annual General Meeting (AGM) on 29 June 2026 were approved by poll, with total valid votes representing 57.66% of the company’s outstanding share capital.

Meeting Overview • Attendance: 1,489 shareholders and proxies holding 11.88 billion voting shares. • Capital represented: 56.57% of A-share capital and 1.09% of H-share capital. • Issued share base: 20.61 billion shares (17.77 billion A Shares, 2.84 billion H Shares). • Board participation: 5 of 8 directors were present, giving a 62.5% attendance rate.

Key Voting Results 1. Work Report, 2025 Final Accounts and 2026 Interim Dividend Authorisation each passed with support exceeding 99.68%. 2. Auditor appointments for 2026 secured 99.78% approval. 3. Financial derivatives plan for 2026 received 99.77% support. 4. Bond registration and issuance plan cleared with 99.75% in favour. 5. H-Share Repurchase General Mandate, a special resolution requiring a two-thirds majority, passed with 99.77% support.

Minority Shareholder Snapshot Regulatory disclosure of A-shareholders holding less than 5% (collectively 238.4 million shares) shows generally strong backing, though pockets of resistance emerged: • Guarantee Plan 2026 recorded only 29.44% support from this cohort, mirroring broader dissent among H-shareholders (83.58% voted against). • Remuneration-related resolutions (Nos. 8–10) saw support near 87%–88% from small A-shareholders, modestly below overall approval rates.

Connected Transaction Abstention China Minmetals and subsidiary CMGC, together holding 10.19 billion A Shares (49.25% of MCC’s issued capital), abstained from voting on Resolution 7 concerning the new framework agreement and 2027 annual caps for continuing connected transactions. The resolution still achieved 98.35% overall approval.

Regulatory Compliance Computershare Hong Kong Investor Services acted as scrutineer; Jia Yuan Law Offices confirmed the meeting’s legality and validity under PRC laws and MCC’s Articles of Association.

Next Steps The company will separately announce detailed arrangements for the 2025 final dividend and the 2026 interim dividend distribution in accordance with regulatory requirements.

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