Maanshan Iron & Steel Delays Board Re-Election and Plans to Abolish Supervisory Committee
Maanshan Iron & Steel Company Limited has delayed the re-election of its Board of Directors and plans to abolish its Supervisory Committee, transferring its duties to the Audit and Compliance Management Committee. Current board members and senior management will remain in their roles during the reorganization. These changes will not disrupt operations or extend independent directors' term limits.
Maanshan Iron & Steel Company Limited has announced a postponement of the re-election of its Board of Directors as part of an ongoing corporate reorganization. The company plans to abolish its Supervisory Committee, transferring its responsibilities to the Audit and Compliance Management Committee of the Board in accordance with new regulatory requirements. Despite the delay, the current board members, special committee members, and senior management will continue in their roles until the reorganization is complete. The company emphasized that these changes will not disrupt normal operations or result in independent directors exceeding their term limits. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Maanshan Iron & Steel Company Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251126-11929419), on November 26, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
