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(A joint stock limited company incorporated in the People's Republic of China)

(Stock code: 00323)

OVERSEAS REGULATORY ANNOUNCEMENT

ANNOUNCEMENT ON RESOLUTIONS OF

THE BOARD OF DIRECTORS

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The fifteenth meeting of the ninth session of the board of directors of Maanshan Iron & Steel Company Limited (the "Company") was convened at the Magang Office Building on 21 November 2018. There were seven directors eligible for attending the meeting and seven of them attended it. The meeting was chaired by Mr. Ding Yi, the chairman of the board of directors. The following resolution was considered and approved at the meeting:

The newly amended Information Disclosure Management Measures of Maanshan Iron & Steel Company Limited was approved.

The voting results of the above resolution were as follows: 7 voted in favour, 0 voted against and 0 abstained from voting.

The Board

Maanshan Iron & Steel Company Limited

21 November 2018

Maanshan City, Anhui Province, the PRC

As at the date of this announcement, the directors of the Company include: Executive Directors: Ding Yi, Qian Haifan, Zhang Wenyang Non-executive Directors: Ren Tianbao

Independent Non-executive Directors: Zhang Chunxia, Zhu Shaofang, Wang Xianzhu

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Maanshan Iron & Steel Company Limited published this content on 21 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 November 2018 12:40:05 UTC