The twenty-sixth meeting of the ninth session of the board of directors of Maanshan Iron & Steel Company Limited was held in the form of written resolutions on 30 December 2019. The resignation of Mr. Qian Haifan as the general manager of the Company was approved with effect from the date of approval at the Board meeting. Mr. Qian Haifan recently applied to resign as the general manager of the Company due to job allocation. After his resignation from the position of the general manager, he remained as a director of the Company. The appointment of Mr. Wang Qiangmin as the general manager of the Company for a term commencing from the date of approval at the Board meeting until the expiry of the term of office of the ninth session of the Board. From February 2019 to December 2019, Wang worked as the general manager of the Iron and Steel Industry Development Centre under the China Baowu Steel Group. Currently, Mr. Wang also served as a director of the Baoshan Iron and Steel Company Ltd.