On 30 October 2025, the 32nd meeting of the tenth session of Maanshan Iron & Steel Company Limited’s supervisory committee convened at the Magang Office Building. Three eligible supervisors attended the meeting, which was chaired by the committee’s chairman, and its procedures met relevant regulatory requirements.

Maanshan Iron & Steel Company Limited’s unaudited financial report for the third quarter of 2025 and its third quarterly report were considered compliant with applicable laws, regulations, and the company’s internal systems. The committee determined that the report reflected the company’s operating and financial positions without false or misleading statements or material omissions.

The meeting approved amendments to the company’s Articles of Association and its appendices and passed a resolution regarding the abolition of the supervisory committee, deeming it in accordance with national laws and regulations.

A resolution was also passed regarding the replacement of Ernst & Young Hua Ming LLP with Deloitte Touche Tohmatsu Certified Public Accountants LLP as auditor for 2025. The supervisory committee concluded that the new audit firm’s professional capability and qualifications were sufficient, and the move aligned with management needs without harming shareholder interests.

Additionally, the committee approved cancelling guarantees not exceeding the equivalent of RMB3 billion provided to Ma Steel (Hong Kong) Company Limited, considering the move aligned with the company’s actual circumstances and complied with relevant regulations.