XD Inc. — Board/Management Information 2018

Aug 16, 2018

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ANNOUNCEMENT ON APPOINTMENT OF DEPUTY GENERAL MANAGER OF THE COMPANY

Pursuant to the Companies Law, the Articles of Association of Chongqing Iron & Steel Company Limited and other related regulations and as nominated by the general manager of Chongqing Iron & Steel Company Limited (the “ Company ”), the board of directors of the Company approved the appointment of Ms. Meng Xiangyun as the deputy general manager of the Company for a term of three years.

The nomination committee of the board of directors of the Company reviewed and approved the resolution on the appointment of Ms. Meng Xiangyun as the deputy general manager of the Company, and the independent directors of the Company verified and approved the appointment of Ms. Meng as the deputy general manager of the Company.

The biographical details of Ms. Meng Xiangyun are set out below:

Ms. Meng Xiangyun, born in November 1974, is a PRC certified public accountant, a PRC asset appraiser, a PRC certified tax agent (non-practising member), member of the Association of Chartered Certified Accountants (ACCA) and the tenth session of the National Leading Accounting Talent (Enterprise Class) Project of the Ministry of Finance of the PRC (in progress) and a senior accountant. Ms. Meng served as a senior audit manager of Zhonghua Certified Public Accountants of BDO International, the chief financial officer of Shang Gong Group Co., Ltd. (上工申貝（集團）股份有限公 司) and the financial supervisor of Durkopp Adler, its German subsidiary. Since 2009, Ms. Meng has been serving as the chief accountant of Baosteel Group Co., Ltd. ( 寶鋼 集團有限公司) and acting as a director of Baosteel Development Co., Ltd. ( 寶鋼發 展有限公司), a director of Shanghai Environment and Energy Exchange Company Limited ( 上海環境能源交易所股份有限公司) and an independent director of CTS International Logistics Corporation Limited ( 港中旅華貿國際物流股份有限公

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司) during the period. She has been acting as the chief financial officer of Shanghai Runliangtai Internet of Things Technology Partnership (L.P.) ( 上海潤良泰物聯網科 技合夥企業（有限合夥)) and the chairman of the supervisory committee of Shenzhen Sunsea Communication Technology Co., Ltd ( 深圳日海通訊技術股份有限公司) since 2015.

Ms. Meng is familiar with the structural design on the corporate financial management system and is proficient in various financial management and control and operation modes of conglomerates. She has a deep understanding and knowledge on the establishment of internal control, the design of financial information system, the building of financial teams, investment management and financial policies of enterprises.

Ms. Meng graduated from Beijing Wuzi University in 1996 with a bachelor’s degree in accounting and graduated from Shanghai Academy of Social Sciences in 1999 with a master’s degree in management.

By order of the Board Chongqing Iron & Steel Company Limited Yu Hong Secretary to the Board

Chongqing, the PRC, 17 August 2018

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

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