XD Inc. — AGM Information 2021

May 26, 2021

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.

==> picture [399 x 63] intentionally omitted <==

NOTICE OF 2020 ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN THAT the 2020 annual general meeting of Chongqing Iron & Steel Company Limited (the “ Company ”) will be held at 2:00 p.m. on Tuesday, 29 June 2021 at the Chongqing Iron & Steel Conference Center, No. 2 Jiangnan Avenue, Jiangnan Subdistrict, Changshou District, Chongqing, the PRC, for the purpose of considering and, if thought fit, passing the following resolutions of the Company.

ORDINARY RESOLUTIONS

RESOLUTIONS ADOPTING NON-CUMULATIVE VOTING

1. The final financial accounts report for the year 2020

2. The 2020 annual report (full text and summary)

3. The profit distribution plan for the year 2020

4. The report of the board of directors for the year 2020

5. The report of the supervisory committee for the year 2020

6. The proposal for the re-appointment of the financial and internal control auditor of the Company for the year 2021

7. The proposal for the proposed budget for the year 2021

– 1 –

1. The proposal for the signing of the Financial Service Agreement and the connected transactions between the Company and Baowu Finance Company

2. The proposal for the entering into of the 2021- 2023 Service and Supply Agreement and the continuing connected transactions (including the annual caps) between the Company and China Baowu

By order of the Board Chongqing Iron & Steel Company Limited Liu Jianrong Chairman

Chongqing, the PRC, 27 May 2021

As at the date of this announcement, the Directors of the Company are: Mr. Liu Jianrong (Executive Director), Mr. Zhang Wenxue (Executive Director), Mr. Tu Deling (Executive Director), Mr. Zou An (Executive Director), Mr. Song De An (Non-executive Director), Mr. Zhou Ping (Non-executive Director), Mr. Xin Qingquan (Independent Non-executive Director), Mr. Xu Yixiang (Independent Non-executive Director) and Mr. Wong Chunwa (Independent Non-executive Director).

Notes:

I. ELIGIBILITY FOR ATTENDING THE AGM

Shareholders whose names appear on the register of members of the Company at the close of business on 23 June 2021 are entitled to attend the AGM upon completion of the necessary registration procedures (Holders of A Shares will be otherwise notified).

II. REGISTRATION PROCEDURES FOR ATTENDING THE AGM

The register of members of the Company will be closed from 24 June 2021 to 29 June 2021 (both days inclusive), during which no transfer of shares will be effected. Holders of H Shares of the Company intending to attend the AGM are required to lodge their respective instrument of transfer and the relevant share certificates to Hong Kong Registrars Limited, the Registrars of the Company, by 4:30 p.m. on 23 June 2021.

– 2 –

III. PROXIES

1. Any shareholder entitled to attend and vote at the AGM is entitled to appoint one or more proxies (whether he is a shareholder or not) to attend and vote at the meeting on his behalf. Each shareholder (or his proxy) shall have one vote for each share held.

2. The instrument appointing a proxy shall be in writing under the hand of the appointer or his attorney duly authorised in writing. If the proxy form is signed by a person authorized by the appointer, the power of attorney or other authorization documents shall be notarized. The notarized power of attorney or other authorization documents together with the proxy form must be lodged with Hong Kong Registrars Limited, the Registrars of the Company, no less than 24 hours before the time appointed for the holding of the AGM (or appointed for voting) i.e. by no later than 2:00 p.m. on 28 June 2021.

3. For the shareholders appointing more than one proxy, the voting right can only be exercised by way of poll.

IV. MISCELLANEOUS

1. Shareholders attending the AGM shall be responsible for their own travel and accommodation expenses.

• Information may be dispatched by hand or registered post.

1. Address of Hong Kong Registrars Limited: Shops 1712–1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong.

2. Office of Secretary to the Board of Chongqing Iron & Steel Company Limited

Address: Room 312, Management Building, No. 2 Jiangnan Avenue, Jiangnan Subdistrict, Changshou District, Chongqing, the PRC Postal Code: 401258 Tel: (86)23 6898 3482 Fax: (86)23 6887 3189 Contact Person: Peng Guoju/Ji Hong

– 3 –