XD Inc. — AGM Information 2020

May 24, 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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SUPPLEMENTAL NOTICE OF 2019 ANNUAL GENERAL MEETING

References are made to the notice of 2019 annual general meeting (the “ AGM ”) dated 15 April 2020 (the “ Original Notice ”) and the announcement (the “ Announcement ”) dated 21 May 2020 in relation to the postponement of 2019 annual general meeting and change of book closure period of Chongqing Iron & Steel Company Limited (the “ Company ”), which set out the time and venue of the AGM and contain the resolutions to be tabled before the AGM for shareholders’ approval.

SUPPLEMENTAL NOTICE IS HEREBY GIVEN THAT the AGM, which will be held at 2:00 p.m. on Tuesday, 16 June 2020 at the Chongqing Iron & Steel Conference Center, No. 1 of Gangcheng Avenue, Economic & Technological Development Zone, Changshou District, Chongqing, the PRC, will also consider and, if thought fit, pass the following resolution as a special resolution, which was submitted by Chongqing Changshou Iron & Steel Company Limited, a shareholder of the Company, in compliance with the laws and the articles of association of the Company, in addition to the resolutions set out in the Original Notice:

RESOLUTION ADOPTING NON-CUMULATIVE VOTING

SPECIAL RESOLUTION

1. The proposal for the issuance of medium-term notes by the Company

By order of the Board Chongqing Iron & Steel Company Limited Meng Xiangyun Secretary to the Board

Chongqing, the PRC, 23 May 2020

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As at the date of this announcement, the Directors of the Company are: Mr. Zhou Zhuping (Non-executive Director), Mr. Song De An (Non-executive Director), Mr. Zhang Shuogong (Non-executive Director), Mr. Li Yongxiang (Executive Director), Mr. Tu Deling (Executive Director), Mr. Wang Li (Executive Director), Mr. Xu Yixiang (Independent Non-executive Director), Mr. Xin Qingquan (Independent Nonexecutive Director) and Mr. Wong Chunwa (Independent Non-executive Director).

Notes:

1. Saved as the resolution newly proposed, there are no any other changes to the resolutions set out in the Original Notice. For details of other resolutions to be considered and approved at the AGM, eligibility for attending the AGM, registration procedures, closure of register of members and other relevant matters regarding the AGM, please refer to the Original Notice and the Announcement.

2. As the form of proxy for the 2019 AGM published by the Company on 16 April 2020 (the “ First Form of Proxy ”) does not contain the newly added resolution set out in this supplemental notice, the supplemental form of proxy containing the above newly added resolution (the “ Supplemental Form of Proxy ”) has been prepared and is enclosed in this supplemental notice. The Supplemental Form of Proxy is the supplemental form of proxy applicable to the newly added resolution set out in this supplemental notice and only serves as a supplement to the First Form of Proxy. The Supplemental Form of Proxy will not affect the validity of the First Form of Proxy duly completed and lodged with the H Share Registrar of the Company.

3. If a shareholder has duly completed and only submitted the First Form of Proxy in accordance with the instructions set out therein, the appointed proxy will vote on the resolutions set out in the First Form of Proxy per the shareholder’s instruction and he is entitled to vote on or abstain from voting on, at his own discretion, the resolution set out in the Supplemental Form of Proxy. Similarly, if a shareholder has duly completed and only submitted the Supplemental Form of Proxy in accordance with the instructions set out therein, the appointed proxy will vote on the resolution set out in the Supplemental Form of Proxy per the shareholder’s instruction and he is entitled to vote on or abstain from voting on, at his discretion, the resolutions set out in the First Form of Proxy. If a shareholder wishes to provide specific instruction to his proxy regarding the voting of all resolutions set out in the First Form of Proxy and the Supplemental Form of Proxy, the shareholder shall, at the same time, duly complete and submit the First Form of Proxy and the Supplemental Form of Proxy in accordance with the instructions set out therein.

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