Angang Steel Company Limited at its EGM held on 22 September 2023 approve the appointment of Mr. Wang Jun as an executive director of the ninth session of the Board. The Board hereby announces that Mr. Wang Yidong tendered his resignation as chairman of the Board, executive director, chairman of the strategic committee of the Company, member of the nomination committee of the Company, and member of the remuneration and appraisal committee of the Company to the Board on 22 September 2023 due to changes in work arrangement. The resignation of Mr. Wang takes effect from 22 September 2023.

The Board announced that at the Board Meeting, it was resolved at the Board Meeting that the composition of the committees of the Board will be adjusted as follows: The strategic committee of the Company will comprise Mr. Wang Jun, Mr. Zhang Hongjun, Mr. Feng Changli, Mr. Wang Jianhua, Mr. Wang Wanglin and Mr. Zhu Keshi, and will be chaired by Mr. Wang Jun; The remuneration and appraisal committee of the Company will comprise Mr. Feng Changli, Mr. Wang Jun, Mr. Wang Jianhua, Mr. Wang Wanglin and Mr. Zhu Keshi, and will be chaired by Mr. Feng Changli; The nomination committee of the Company will comprise Mr. Wang Jianhua, Mr. Wang Jun, Mr. Tian Yong, Mr. Feng Changli, Mr. Wang Wanglin and Mr. Zhu Keshi, and will be chaired by Mr. Wang Jianhua. The Board announced that Mr. Wang Jun has been appointed as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Authorised Representative") in replacement of Mr. Wang Yidong with effect from 22 September 2023.