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.

XIWANG SPECIAL STEEL COMPANY LIMITED

Гˮत፻Ϟࠢʮ̡

(Incorporated in Hong Kong with limited liability)

(Stock Code: 1266)

FURTHER DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO

MAJOR TRANSACTION AND RENEWAL OF CONTINUING CONNECTED TRANSACTIONS

Reference is made to the announcements dated 10 November 2017 and 1 December 2017 (the "Announcements") of Xiwang Special Steel Company Limited (the "Company") in relation to the New Guarantee Agreement. Terms used in this announcement shall have the same meanings as those defined in the Announcements unless otherwise stated therein.

As disclosed in the Announcements, a circular containing details of the provision of guarantee services under the New Guarantee Agreement, a letter from the Independent Board Committee of the Company and a letter of advice from the Independent Financial Adviser both advising the provision of guarantee services under the New Guarantee Agreement, and the notice of the EGM (the "Circular") is expected to be despatched to the Shareholders on or before 15 December 2017.

As the Company requires additional time to finalise the information for inclusion in the Circular, the despatch date of the Circular is expected to be postponed to a date falling on or before 22 December 2017.

By order of the Board

Xiwang Special Steel Company Limited

Wang Di

Chairman

Hong Kong, 15 December 2017

1

As at the date of this announcement, the Board comprises the following directors:

Executive Directors

Independent non-executive Directors

Mr. ZHANG Jian

Mr. LEUNG Shu Sun Sunny

Mr. SUN Xinhu

Mr. LI Bangguang

Ms. LI Hai Xia

Mr. YU Kou

Non-executive Directors

Mr. WANG Di

Mr. WANG Yong

2

Xiwang Special Steel Company Limited published this content on 15 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 December 2017 04:56:08 UTC.

Original documenthttp://en.xiwangsteel.com/uploads/pdf/201712151204179.pdf

Public permalinkhttp://www.publicnow.com/view/10F7ED941AD2D7C7046263EF13187FA24677014A