XD Inc. — Board/Management Information 2021

Jan 19, 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.

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ANNOUNCEMENT IN RELATION TO RESIGNATION OF DEPUTY GENERAL MANAGER, SECRETARY TO THE BOARD AND JOINT COMPANY SECRETARY OF THE COMPANY

On 19 January 2021, Chongqing Iron & Steel Company Limited (the “ Company ”) received a written resignation tendered by Ms. Meng Xiangyun, a deputy general manager, the secretary to the board of directors (the “ Board ”) and a joint company secretary of the Company. Ms. Meng Xiangyun tendered her resignation as a deputy general manager, the secretary to the Board and a joint company secretary to the Board due to work adjustment. Ms. Meng Xiangyun confirms that she does not have any disagreement with the Board, the supervisory committee and the management of the Company, and there is no other matter relating to her resignation that needs to be brought to the attention of the Company and the shareholders.

Pursuant to the requirements of the Articles of Association and the relevant laws and regulations, the resignation of Ms. Meng Xiangyun is effective once it is delivered to the Board of the Company. Ms. Chiu Hoi Shan, another joint company secretary of the Company, will remain as a company secretary of the Company. Ms. Chiu possesses the professional qualifications of company secretary required under Rules 8.17 and 3.28 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The resignation of Ms. Meng Xiangyun will not affect the normal operation of the relevant business of the Company. The Board of the Company will convene a meeting as soon as possible to appoint the secretary to the Board and a joint company secretary.

Ms. Meng Xiangyun has performed her duties diligently and conscientiously during her tenure of service and the Company would like to express sincere gratitude to her for her contributions to the development of the Company.

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

Chongqing, the PRC, 20 January 2021

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