Maanshan Iron & Steel : NOTICE OF BOARD OF DIRECTORS MEETING

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馬 鞍 山 鋼 鐵 股 份 有 限 公 司

Maanshan Iron & Steel Company Limited

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

（Stock Code: 00323）

NOTICE OF BOARD OF DIRECTORS MEETING

Maanshan Iron & Steel Company Limited (the "Company") hereby announces that a Board of Directors meeting will be held on 26 August 2020 to consider and approve, among others, the unaudited interim results of the Company and its subsidiaries prepared in accordance with PRC Accounting Standards for the period starting from 1 January 2020 to 30 June 2020.

By order of the Board

Maanshan Iron & Steel Company Limited

He Hongyun

Company Secretary

5 August 2020

Maanshan City, Anhui Province, the PRC

As at the date of this announcement, the directors of the Company include executive directors Ding Yi, Wang Qiangmin, Ren Tianbao and Zhang Wenyang; non-executive director Qian Haifan; and independent non-executive directors Zhang Chunxia, Zhu Shaofang and Wang Xianzhu .