XD Inc. — AGM Information 2020

May 20, 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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POSTPONEMENT OF 2019 ANNUAL GENERAL MEETING AND CHANGE OF BOOK CLOSURE PERIOD

Reference is made to the notice (the “ Notice ”) of 2019 annual general meeting (the “ AGM ”) of Chongqing Iron & Steel Company Limited (the “ Company ”) dated 15 April 2020. Unless the context otherwise requires, capitalised terms used herein shall have the same meaning as those defined in the Notice.

Since the circular of the AGM is still under approval and in order to ensure that shareholders have enough time to consider the particulars of the proposals, after careful consideration, the Company has decided that the AGM originally scheduled to be convened on 1 June 2020 will be postponed to 2:00 p.m. on 16 June 2020, and the venue will remain unchanged.

The register of members of the Company was originally scheduled to be closed from 2 May 2020 to 1 June 2020 (both days inclusive). Due to the postponement of the AGM, the closure of register of members will be effective until and including 16 June 2020. Accordingly, during the period from 2 May 2020 to 16 June 2020 (both days inclusive), no transfer of H shares of the Company will be effected. Holders of H shares whose names appear on the register of members of the Company at the close of business on 29 April 2020 are entitled to attend the postponed AGM upon the completion of necessary registration procedures (holders of A shares will be otherwise notified).

The proxy form and reply slip for the AGM have been published on 15 April 2020, and shall remain valid for the purposes of the postponed AGM. Any reply slip and/or proxy form duly completed and returned in accordance with the instructions printed thereon by a shareholder shall remain valid, and such shareholder is not required to submit the reply slip and/or proxy form again. If any shareholder chooses to re-submit the proxy form, the last proxy form received by the Company will revoke and supersede the proxy form previously submitted by such shareholder.

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Holders of H shares of the Company who have not yet returned the proxy forms are advised to complete and deposit the proxy forms and notarised powers of attorney or other documents of authority (if any) in accordance with the instructions printed thereon to the Company’s H Share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong, not less than 24 hours before the time specified for the holding of the postponed AGM. Holders of H shares of the Company who intend to attend the postponed AGM but have not yet returned the written reply slip are required to deposit the written reply slip for attending the meeting to the Company by 4:00 p.m. on 27 May 2020.

Saved as disclosed above, all information and contents as set out in the Notice and the reply slip and proxy form for the AGM remain unchanged.

For the relevant arrangement for the voting by holders of A shares of the Company in respect of the postponement of the AGM, a separate announcement will be made by the Company on the website of the Shanghai Stock Exchange.

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

Chongqing, the PRC, 21 May 2020

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).

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