XD Inc. — Proxy Solicitation & Information Statement 2021

Jul 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 <==

CLARIFICATION ANNOUNCEMENT

References are made to the circular dated 26 July 2021 (the “ Circular ”), the notice of 2021 second extraordinary general meeting dated 23 July 2021 (the “ EGM Notice ”), the form of proxy for 2021 second extraordinary general meeting (the “ Form of Proxy ”) of Chongqing Iron & Steel Company Limited (the “ Company ”). Unless the context otherwise requires, capitalised terms used herein shall have the same meaning as those defined in the Circular, the EGM Notice and the Form of Proxy.

The Company wishes to clarify that, due to clerical mistakes, the time of the 2021 second extraordinary general meeting (the “ EGM ”) scheduled to be convened on 12 August 2021 has been inadvertently stated as 2:00 p.m. in the printed copies of the EGM Notice, the Form of Proxy and the Circular despatched to the Shareholders on 26 July 2021 as well as the online version of the Circular published on the website of the Hong Kong Stock Exchange (http://www.hkex.com.hk) (the “ Website ”) on 26 July 2021. The Company wishes to clarify that the EGM shall be convened on 12 August 2021 at 1:30 p.m., instead of 2:00 p.m.. Notwithstanding the aforesaid, the time of the EGM stated in the online version of the EGM Notice and the Form of Proxy published on the Website on 22 July 2021 is correct.

Shareholders shall also be aware of the clerical mistakes made under paragraph 2, Notes III to the printed copies of the EGM Notice despatched to them on 26 July 2021, where, as appropriate, 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 EGM (or appointed for voting) i.e. by no later than 1:30 p.m. (instead of 2:00 p.m.) on 11 August 2021.

– 1 –

In relation to resolutions 3, 4 and 5 in the Form of Proxy both published on the Website on 22 July 2021 and despatched to the Shareholders on 26 July 2021, the Company wishes to clarify that the three boxes do not indicate the options between for/against/ abstain. Shareholders could cast their votes for each candidate in any one of the three boxes under the respective resolutions in accordance with Note 5 of the Form of Proxy.

Notwithstanding the aforesaid, the Form of Proxy shall remain valid for the purpose of the EGM.

Save as disclosed above, all information and content contained in the Circular, the EGM Notice and the Form of Proxy remain unchanged.

By order of the Board Chongqing Iron & Steel Company Limited Zou An Secretary to the Board

Chongqing, the PRC, 27 July 2021

As at the date of this announcement, the Directors of the Company are: 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 (Nonexecutive Director), Mr. Xin Qingquan (Independent Non-executive Director), Mr. Xu Yixiang (Independent Non-executive Director) and Mr. Wong Chunwa (Independent Non-executive Director).

– 2 –