On 29 May 2024, the 23rd meeting of the tenth session of the board of directors of Maanshan Iron & Steel Company Limited (the "Company") was held at Magang Office Building. Mr. Jiang Yuxiang was elected as the chairman of the board of directors of the Company. Mr. Jiang Yuxiang was elected as a member of the strategic and sustainable development committee of the board of directors. Mr. Jiang Yuxiang was elected as a member of the nomination committee of the board of directors of the Company. Mr. Jiang Yuxiang, the chairman of the board of directors, was appointed as the chairman of the strategic and sustainable development committee of the board of directors. Mr. Jiang Yuxiang: aged 55, holds a doctor's degree in management and is a senior engineer. Mr. Jiang joined the Company in August 1990 and has served as the director of the office of the Company, the factory manager of No. 4 steel mill, and the director of the office, a member of the standing committee of the party committee, the secretary to the board of directors and a deputy general manager of Magang Group. From September 2013 to May 2015, Mr. Jiang served as a member of the standing committee of the party committee, the deputy general manager, the general counsel and secretary to the board of directors of Magang Group; from May 2015 to November 2019, served as a member of the standing committee of the party committee, the deputy general manager and the general counsel of Magang Group; from November 2019 to May 2020, served as a deputy director of the Magang Work Office and the general counsel of Magang Group; from May 2020 to November 2020, served as the general counsel of China Baowu Steel Group Corporation Limited ("China Baowu") and a deputy director of the Magang Work Office; from November 2020 to March 2022, served as the general counsel and head of legal affairs department of China Baowu; from March 2022 to February 2023, served as the general counsel and head of legal affairs and compliance department of China Baowu (in March 2022, the legal affairs department was renamed as the legal affairs and compliance department); from February 2023 to April 2024, served as the general counsel and chief compliance officer, head of legal affairs and compliance department and director of bidding office of China Baowu. He has served as the general counsel and chief compliance officer of China Baowu, the chairman of the board of directors and the secretary of the party committee of Magang Group, the secretary of the party committee of the Company, and the general
representative of Maanshan headquarter of China Baowu since April 2024.