XD Inc. — Board/Management Information 2018

Oct 29, 2018

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ANNOUNCEMENT ON APPOINTMENT OF DEPUTY GENERAL MANAGER OF THE COMPANY

Pursuant to the Company Law of China, 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 (the “ Board ”) of the Company approved the appointment of Mr. Wang Bulin as the deputy general manager of the Company with the same term of office as the current session of the Board.

The biographical details of Mr. Wang Bulin are set out below:

Mr. Wang Bulin, born in August 1963, is a senior engineer. As Mr. Wang has been committed to the equipment management of steel enterprises and lean operation, he has a deep understanding of and extensive experience in modern equipment management. Mr. Wang served as officer assistant, deputy officer and Party branch secretary of overhaul shop of smelting plant, head of mechanics division of smelting plant, officer of equipment division, assistant plant director of smelting plant of Shanghai Meishan Iron and Steel Co., Ltd. (“ Meishan Iron and Steel Company ”), and head and deputy head of equipment division of Meishan Iron and Steel Company.

Mr. Wang graduated from Beijing Steel and Iron Institute in 1987 with a bachelor’s degree, majoring in Metallurgy Machinery, and obtained a master’s degree of Business Administration from Nanjing University in 2001.

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

Chongqing, the PRC, 30 October 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 Nonexecutive Director), Mr. Xin Qingquan (Independent Non-executive Director), Mr. Wong Chunwa (Independent Non-executive Director) and Mr. Zheng Yuchun (Independent Non-executive Director).