The board of directors (the ‘Board') of Angang Steel Company Limited (the ‘Company') hereby announced that Mr. Shen Changchun (‘Mr. Shen') tendered his resignation as a supervisor (‘Supervisor') and chairman of the supervisory committee of the Company (the ‘Supervisory Committee') to the Supervisory Committee on 24 February 2023 due to his work adjustment. As the resignation of Mr. Shen will result in the number of members of the Supervisory Committee falling below the minimum requirement, the resignation of Mr. Shen will take effect upon the approval of the appointment of a new shareholders' representative supervisor at a general meeting of the Company (the ‘GM').