Metallurgical Corporation of China (MCC) has called an AGM for 29 June 2026 to seek shareholder approval for eleven resolutions and to brief investors on two additional reports.

Financial Highlights • 2025 revenue fell 17.50% year on year to RMB455.38 billion. • Net profit attributable to shareholders declined 80.40% to RMB1.32 billion. • Operating cash inflow rose to RMB15.30 billion, up RMB7.50 billion from 2024. • Total assets increased 3.90% to RMB839.50 billion; gearing ratio edged up 0.7 percentage point to 78.10%.

Dividend & Profit Distribution • No cash dividend for 2025 as the parent-company retained earnings remained negative. • Board seeks authorisation to pay an interim dividend once 2026 mid-year conditions permit.

Key AGM Resolutions 1. Re-appoint Deloitte CPA as financial and internal-control auditor for 2026 at an annual fee of RMB23.75 million. 2. Guarantee quota for 2026 capped at RMB19.09 billion, plus up to RMB1 billion in mortgage guarantees for property buyers of subsidiaries. 3. Foreign-exchange derivatives limit for 2026 set at USD2.06 billion (or equivalent). 4. New Framework Agreement with controlling shareholder China Minmetals to cover 2027 continuing connected transactions: • Sale & purchase of materials (expenditure) annual cap RMB103.66 billion. • Engineering construction (income) annual cap RMB78.82 billion. 5. Bond shelf registrations: • Interbank market debt-financing instruments — no issue ceiling. • Exchange-listed corporate bonds — up to RMB15 billion. 6. H-share repurchase mandate: up to 10% of issued H shares, total consideration not to exceed RMB500 million; any repurchased shares will be cancelled. 7. Management Measures of Remuneration for Directors and Senior Management — new policy submitted for approval. 8. 2025 directors’ and supervisors’ remuneration tabled for ratification. 9. 2026 directors’ remuneration plan proposed.

Remuneration & Governance • Independent non-executive directors issued annual performance reports; no voting required. • A new remuneration framework links directors’ pay to performance with deferred components.

Key Dates • H-share register closes 24–29 June 2026 (both days inclusive). • Proxy forms must reach Computershare Hong Kong Investor Services by 2:00 p.m. on 28 June 2026.

If approved, the resolutions will position MCC for tighter risk management, expanded funding channels and additional shareholder-return tools amid a weaker earnings base.