On 5 August 2022, Chongqing Iron & Steel Company Limited (the "Company") received a written resignation tendered by Mr. Zhang Li Quan, a staff representative supervisor. Mr. Zhang Li Quan resigned as a staff representative supervisor of the ninth session of the supervisory committee of the Company due to reaching the statutory retirement age. After his resignation, he will no longer hold any positions in the Company.

Mr. Zhang Li Quan has confirmed that he has no disagreement with the board of directors, the supervisory committee and the management of the Company and there is no other matter in relation to his resignation that needs to be brought to the attention of the Company and its shareholders. During his term of office, Mr. Zhang Li Quan fulfilled his duties conscientiously and diligently. The Company hereby expresses its sincere gratitude to Mr. Zhang Li Quan for his contribution to the development of the Company during his term of office.

In order to ensure the standardised operation of the supervisory committee of the Company, in accordance with the relevant laws and regulations such as the Company Law of the PRC and the Articles of Association of Chongqing Iron & Steel Company Limited, the Company has convened the 15 th joint meeting of the first session of staff congress on 5 August 2022, at which Mr. Yao Xiao Hu was elected as a staff representative supervisor of the ninth session of the supervisory committee of the Company. His term of office will be the same as that of the ninth session of the supervisory committee of the Company. The biographical details of Mr. Yao Xiao Hu are set out below: Mr. Yao Xiao Hu, born in August 1966, is a senior engineer and currently serves as the deputy secretary of the party committee, secretary of the discipline committee and chairman of the labour union of the Company.

Mr. Yao successively served as an assistant to the head and the deputy head of the coking plant, the deputy chief and chief of mechanics department, the chief of the equipment department, the head of the facility department, the head of investment management department, a director, a senior vice president and a vice president of the Company. Mr. Yao graduated from the School of Automation in Kunming University of Science and Technology in 1987, majoring in electrical automation in metallurgical industry, and subsequently obtained a master's degree in control engineering from the School of Automation in Chongqing University.