XD Inc. — Board/Management Information 2021

Jun 1, 2021

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INDICATIVE ANNOUNCEMENT ON THE POSTPONED ELECTION OF THE NEW SESSION OF THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE

The term of the eighth session of the board of directors and the supervisory committee of Chongqing Iron & Steel Company Limited (the “ Company ”) will expire recently. As the nomination of the candidates of new session of the board of directors and the supervisory committee of the Company has not yet been completed, in order to maintain the continuity and stability of the relevant work of the board of directors and the supervisory committee of the Company, the election of the new session of the board of directors and the supervisory committee of the Company will be postponed. The term of each special committee under the board of directors and the senior management of the Company will also be correspondingly extended.

All members of the eighth session of the board of directors, the supervisory committee, each special committee under the board of directors and the senior management of the Company will continue to discharge their respective responsibilities and obligations in accordance with the relevant requirements of laws, regulations as well as the articles of association until the election of the new session of the board of directors and the supervisory committee is completed, so as to ensure the normal production and operation of the Company.

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At present, the Company is proactively proceeding with the election of the new session of the board of directors and the supervisory committee. When the conditions are met, the Company will perform the decision-making procedures of the election of the new session and fulfill the obligations of information disclosure in a timely manner. The postponed election of the new session of the board of directors and the supervisory committee of the Company will not affect the normal production and operation of the Company.

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

Chongqing, the PRC, 2 June 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 (Nonexecutive 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).

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