Chongqing Iron & Steel Company Limited received written resignation tendered by Mr. Zhang Wenxue, the chairman, Mr. Xie Zhixiong, a director and the president, and Mr. Meng Wenwang, the senior vice president. Mr. Zhang Wenxue tendered his resignation to the ninth session of the board of directors of the Company as the chairman, a director and a member of the strategic committee under the Board due to work adjustment. His resignation is effective once it is delivered to the Board of the Company.

Mr. Zhang Wenxue will cease to hold other positions in the Company upon his resignation as the chairman, a director and a member of the strategic committee under the Board. Mr. Xie Zhixiong tendered his resignation to the ninth session of the Board of the Company as the president due to work adjustment. His resignation is effective once it is delivered to the Board of the Company.

Mr. Xie Zhixiong will serve as a director and hold other positions in the Company upon his resignation as the president.