Maanshan Iron & Steel Board Approves Capital Reduction of Baowu Water Technology Co., Ltd. During 45th Meeting

Reuters09-22
<a href="https://laohu8.com/S/00323">Maanshan Iron</a> & Steel Board Approves Capital Reduction of Baowu Water Technology Co., Ltd. During 45th Meeting

Maanshan Iron & Steel Company Limited held its 45th meeting of the tenth session of the board of directors on 22 September 2025. The meeting was conducted via communication, with all five eligible directors attending. Presided over by Chairman Jiang Yuxiang, the meeting adhered to relevant legal and regulatory provisions. The board approved a resolution concerning the capital reduction of Baowu Water Technology Co., Ltd. by Maanshan Iron & Steel Limited Company. The resolution was classified as a related party transaction, prompting Mr. Jiang Yuxiang to abstain from voting. The remaining four non-related directors voted unanimously in favor of the resolution, which was also approved by the independent directors' special meeting.

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