Angang Steel : CONNECTED TRANSACTION - TECHNOLOGY DEVELOPMENT AGREEMENTS

September 10, 2019 at 10:47 am EDT

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.

(Stock Code: 0347)

CONNECTED TRANSACTION

TECHNOLOGY DEVELOPMENT AGREEMENTS

On 10 September 2019, the Company entered into nine Technology Development Agreements with Angang Beijing Research Institute, pursuant to which Angang Beijing Research Institute has agreed to conduct research and development of certain technologies for the Company.

LISTING RULES IMPLICATIONS

Angang Beijing Research Institute is 54% owned by Angang Group Company, a controlling shareholder of the Company. Accordingly, Angang Beijing Research Institute is a connected person of the Company and the entering into of the Technology Development Agreements constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules.

Taking into account the fact that all the Technology Development Agreements were entered into by the Company with the same party on the same day and within a 12-month period, all the Technology Development Agreements should be aggregated as if they were one transaction pursuant to Rule 14A.81 of the Listing Rules.

As one or more of the applicable percentage ratios (as defined under the Listing Rule) in respect of the entering into of the Technology Development Agreements exceeds 0.1% but are less than 5%, the entering into the Technology Development Agreements is only subject to the reporting and announcement requirements, but is exempt from the independent Shareholders' approval requirement under Chapter 14A of the Listing Rules.

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Mr. Wang Yidong, the chairman of the Board who also serves as a deputy general manager of Angang Group Company and the chairman of the board of Angang Holding, which is a wholly-owned subsidiary of Angang Group Company, is considered to have a material interest in the transactions contemplated under the Technology Development Agreements due to his senior management positions in Angang Group Company and its subsidiary. Therefore, Mr. Wang Yidong has abstained from voting on the resolutions in relation to the Technology Development Agreements proposed to the Board.

Save as disclosed above, none of the Directors is deemed to have a material interest in the Technology Development Agreements, and none of them had to abstain from voting in respect of the Technology Development Agreements at the Board meeting.

INTRODUCTION

TECHNOLOGY DEVELOPMENT AGREEMENT I
On 10 September 2019, the Company and Angang Beijing Research Institute entered into the Technology Development Agreement I.

Set out below is a summary of the principal terms of the Technology Development Agreement I:

Date:	10 September 2019
Parties:	The Company, as the entrusting party; and
	Angang Beijing Research Institute, as the entrusted party

Term

The Technology Research Project I under the Technology Development Agreement I shall commence from 10 September 2019 and remain in effect until 9 September 2022. The Company will organize experts to review the final results of the Technology Research Project I, which shall be provided by Angang Beijing Research Institute to the Company within one month after completion of the project (the "Last Project Acceptance I").

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Scope of Service

Pursuant to the Technology Development Agreement I, the Company will delegate Angang Beijing Research Institute to conduct research and development of, among other things, the integrated computing of high-strength marine steel.

Payment Terms

The Company shall pay Angang Beijing Research Institute a total of RMB37,020,000 (including tax) in accordance with the following timeline:

RMB9,630,000 to be paid within 20 days from the date when the Technology Development Agreement I is signed;
RMB8,880,000 to be paid within 20 days after completion of staged acceptance in 2020;
RMB8,880,000 to be paid within 20 days after completion of staged acceptance in 2021; and
RMB9,630,000 to be paid within 20 days from the date of the Last Project Acceptance I, which shall be before 9 September 2022.

The consideration under the Technology Development Agreement I was determined between the parties on an arm's length basis by taking into account such comprehensive expenses as materials expenses, equipment charges, fuel and power fees, assay and testing fees, expenditure on manpower, management overhead and external cooperation spending to be incurred for the Technology Research Project I.

TECHNOLOGY DEVELOPMENT AGREEMENT II
On 10 September 2019, the Company and Angang Beijing Research Institute entered into the Technology Development Agreement II.

Set out below is a summary of the principal terms of the Technology Development Agreement II:

Date:	10 September 2019
Parties:	The Company, as the entrusting party; and
	Angang Beijing Research Institute, as the entrusted party

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Term

The Technology Research Project II under the Technology Development Agreement II shall commence from 10 September 2019 and remain in effect until 31 December 2021. The Company will organize experts to review the final results of the Technology Research Project II, which shall be provided by Angang Beijing Research Institute to the Company within one month after completion of the project (the "Last Project Acceptance II").

Scope of Service

Pursuant to the Technology Development Agreement II, the Company will delegate Angang Beijing Research Institute to conduct research and development of, among other things, the service performance testing and evaluation techniques for steel used for marine engineering and ships.

Payment Terms

The Company shall pay Angang Beijing Research Institute a total of RMB10,970,000 (including tax) in accordance with the following timeline:

RMB3,830,000 to be paid within 20 days from the date when the Technology Development Agreement II is signed;
RMB3,310,000 to be paid within 20 days after completion of staged acceptance in 2020; and
RMB3,830,000 to be paid within 20 days from the date of the Last Project Acceptance II, which shall be before 31 December 2021.

The consideration under the Technology Development Agreement II was determined between the parties on an arm's length basis by taking into account such comprehensive expenses as materials expenses, equipment charges, fuel and power fees, assay and testing fees, expenditure on manpower, management overhead and external cooperation spending to be incurred for the Technology Research Project II.

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TECHNOLOGY DEVELOPMENT AGREEMENT III
On 10 September 2019, the Company and Angang Beijing Research Institute entered into the Technology Development Agreement III.

Set out below is a summary of the principal terms of the Technology Development Agreement III:

Date:	10 September 2019
Parties:	The Company, as the entrusting party; and
	Angang Beijing Research Institute, as the entrusted party

Term

The Technology Research Project III under the Technology Development Agreement III shall commence from 10 September 2019 and remain in effect until 9 September 2022. The Company will organize experts to review the final results of the Technology Research Project III, which shall be provided by Angang Beijing Research Institute to the Company within one month after completion of the project (the "Last Project Acceptance III").

Scope of Service

Pursuant to the Technology Development Agreement III, the Company will delegate Angang Beijing Research Institute to conduct research and development of, among other things, the key technologies and service performance of high- quality clad steel plate.

Payment Terms

The Company shall pay Angang Beijing Research Institute a total of RMB19,540,000 (including tax) in accordance with the following timeline:

RMB6,840,000 to be paid within 20 days from the date when the Technology Development Agreement III is signed;
RMB3,900,000 to be paid within 20 days after completion of staged acceptance in 2020;
RMB4,900,000 to be paid within 20 days after completion of staged acceptance in 2021; and
RMB3,900,000 to be paid within 20 days from the date of the Last Project Acceptance III, which shall be before 9 September 2022.

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The consideration under the Technology Development Agreement III was determined between the parties on an arm's length basis by taking into account such comprehensive expenses as materials expenses, equipment charges, fuel and power fees, assay and testing fees, expenditure on manpower, management overhead and external cooperation spending to be incurred for the Technology Research Project III.

(IV) TECHNOLOGY DEVELOPMENT AGREEMENT IV

On 10 September 2019, the Company and Angang Beijing Research Institute entered into the Technology Development Agreement IV.

Set out below is a summary of the principal terms of the Technology Development Agreement IV:

Date:	10 September 2019
Parties:	The Company, as the entrusting party; and
	Angang Beijing Research Institute, as the entrusted party

Term

The Technology Research Project IV under the Technology Development Agreement IV shall commence from 10 September 2019 and remain in effect until 9 September 2022. The Company will organize experts to review the final results of the Technology Research Project IV, which shall be provided by Angang Beijing Research Institute to the Company with one month after completion of the project (the "Last Project Acceptance IV").

Scope of Service

Pursuant to the Technology Development Agreement IV, the Company will delegate Angang Beijing Research Institute to conduct application, research and development of, among other things, the new welding technology.

Payment Terms

The Company shall pay Angang Beijing Research Institute a total of RMB19,230,000 (including tax) in accordance with the following timeline:

RMB6,730,000 to be paid within 20 days from the date when the Technology Development Agreement IV is signed;

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RMB3,840,000 to be paid within 20 days after completion of staged acceptance in 2020;
RMB4,820,000 to be paid within 20 days after completion of staged acceptance in 2021; and
RMB3,840,000 to be paid within 20 days from the date of the Last Project Acceptance IV, which shall be before 9 September 2022.

The consideration under the Technology Development Agreement IV was determined between the parties on an arm's length basis by taking into account such comprehensive expenses as materials expenses, equipment charges, fuel and power fees, assay and testing fees, expenditure on manpower, management overhead and external cooperation spending to be incurred for the Technology Research Project IV.

TECHNOLOGY DEVELOPMENT AGREEMENT V
On 10 September 2019, the Company and Angang Beijing Research Institute entered into the Technology Development Agreement V.
Set out below is a summary of the principal terms of the Technology Development Agreement V:

Date:	10 September 2019
Parties:	The Company, as the entrusting party; and
	Angang Beijing Research Institute, as the entrusted party

Term

The Technology Research Project V under the Technology Development Agreement V shall commence from 10 September 2019 and remain in effect until 31 December 2021. The Company will organize experts to review the final results of the Technology Research Project V, which shall be provided by Angang Beijing Research Institute to the Company within one month after completion of the project (the "Last Project Acceptance V").

Scope of Service

Pursuant to the Technology Development Agreement V, the Company will delegate Angang Beijing Research Institute to conduct research and development of, among other things, the high-strength thermoformed parts.

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Payment Terms

The Company shall pay Angang Beijing Research Institute a total of RMB20,330,000 (including tax) in accordance with the following timeline:

RMB7,110,000 to be paid within 20 days from the date when the Technology Development Agreement V is signed;
RMB6,100,000 to be paid within 20 days after completion of staged acceptance in 2020; and
RMB7,120,000 to be paid within 20 days from the date of the Last Project Acceptance V, which shall be before 31 December 2021.

The consideration under the Technology Development Agreement V was determined between the parties on an arm's length basis by taking into account such comprehensive expenses as materials expenses, equipment charges, fuel and power fees, assay and testing fees, expenditure on manpower, management overhead and external cooperation spending to be incurred for the Technology Research Project V.

(VI) TECHNOLOGY DEVELOPMENT AGREEMENT VI

On 10 September 2019, the Company and Angang Beijing Research Institute entered into the Technology Development Agreement VI:

Date:	10 September 2019
Parties:	The Company, as the entrusting party; and
	Angang Beijing Research Institute, as the entrusted party

Term

The Technology Research Project VI under the Technology Development Agreement VI shall commence from 10 September 2019 and remain in effect until 31 December 2021. The Company will organize experts to review the final results of the Technology Research Project VI, which shall be provided by Angang Beijing Research Institute to the Company within one month after completion of the project (the "Last Project Acceptance VI").

Scope of Service

Pursuant to the Technology Development Agreement VI, the Company will delegate Angang Beijing Research Institute to conduct research, development and application of, among other things, the high-strength steel products.

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Payment Terms

The Company shall pay Angang Beijing Research Institute a total of RMB29,050,000 (including tax) in accordance with the following timeline:

RMB9,290,000 to be paid within 20 days from the date when the Technology Development Agreement VI is signed;
RMB9,880,000 to be paid within 20 days after completion of staged acceptance in 2020; and
RMB9,880,000 to be paid within 20 days from the date of the Last Project Acceptance VI, which shall be before 31 December 2021.

The consideration under the Technology Development Agreement VI was determined between the parties on an arm's length basis by taking into account such comprehensive expenses as materials expenses, equipment charges, fuel and power fees, assay and testing fees, expenditure on manpower, management overhead and external cooperation spending to be incurred for the Technology Research Project VI.

(VII) TECHNOLOGY DEVELOPMENT AGREEMENT VII

On 10 September 2019, the Company and Angang Beijing Research Institute entered into the Technology Development Agreement VII.

Set out below is a summary of the principal terms of the Technology Development Agreement VII:

Date:	10 September 2019
Parties:	The Company, as the entrusting party; and
	Angang Beijing Research Institute, as the entrusted party

Term

The Technology Research Project VII under the Technology Development Agreement VII shall commence from 10 September 2019 and remain in effect until 31 December 2021. The Company will organize experts to review the final results of the Technology Research Project VII, which shall be provided by Angang Beijing Research Institute to the Company within one month after completion of the project (the "Last Project Acceptance VII").

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Scope of Service

Pursuant to the Technology Development Agreement VII, the Company will delegate Angang Beijing Research Institute to conduct research and development of, among other things, the new light-weight steel.

Payment Terms

The Company shall pay Angang Beijing Research Institute a total of RMB23,380,000 (including tax) in accordance with the following timeline:

RMB8,180,000 to be paid within 20 days from the date when the Technology Development Agreement VII is signed;
RMB7,020,000 to be paid within 20 days after completion of staged acceptance in 2020; and
RMB8,180,000 to be paid within 20 days from the date of the Last Project Acceptance VII, which shall be before 31 December 2021.

The consideration under the Technology Development Agreement VII was determined between the parties on an arm's length basis by taking into account such comprehensive expenses as materials expenses, equipment charges, fuel and power fees, assay and testing fees, expenditure on manpower, management overhead and external cooperation spending to be incurred for the Technology Research Project VII.

(VIII) TECHNOLOGY DEVELOPMENT AGREEMENT VIII

On 10 September 2019, the Company and Angang Beijing Research Institute entered into the Technology Development Agreement VIII:

Date:	10 September 2019
Parties:	The Company, as the entrusting party; and
	Angang Beijing Research Institute, as the entrusted party

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Term

The Technology Research Project VIII under the Technology Development Agreement VIII shall commence from 10 September 2019 and remain in effect until 31 December 2021. The Company will organize experts to review the final results of the Technology Research Project VIII, which shall be provided by Angang Beijing Research Institute to the Company within one month after completion of the project (the "Last Project Acceptance VIII").

Scope of Service

Pursuant to the Technology Development Agreement VIII, the Company will delegate Angang Beijing Research Institute to conduct research, development and application of, among other things, the new electromagnetic stirring technology.

Payment Terms

The Company shall pay Angang Beijing Research Institute a total of RMB19,870,000 (including tax) in accordance with the following timeline:

RMB6,950,000 to be paid within 20 days from the date when the Technology Development Agreement VIII is signed;
RMB5,970,000 to be paid within 20 days after completion of staged acceptance in 2020; and
RMB6,950,000 to be paid within 20 days from the date of the Last Project Acceptance VIII, which shall be before 31 December 2021.

The consideration under the Technology Development Agreement VIII was determined between the parties on an arm's length basis by taking into account such comprehensive expenses as materials expenses, equipment charges, fuel and power fees, assay and testing fees, expenditure on manpower, management overhead and external cooperation spending to be incurred for the Technology Research Project VIII.

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(IX) TECHNOLOGY DEVELOPMENT AGREEMENT IX

On 10 September 2019, the Company and Angang Beijing Research Institute entered into the Technology Development Agreement IX:

Date:	10 September 2019
Parties:	The Company, as the entrusting party; and
	Angang Beijing Research Institute, as the entrusted party

Term

The Technology Research Project IX under the Technology Development Agreement IX shall commence from 10 September 2019 and remain in effect until 31 December 2021. The Company will organize experts to review the final results of the Technology Research Project IX, which shall be provided by Angang Beijing Research Institute to the Company within one month after completion of the project (the "Last Project Acceptance IX").

Scope of Service

Pursuant to the Technology Development Agreement IX, the Company will delegate Angang Beijing Research Institute to conduct research, development and application of, among other things, the mechanism for loss of blast furnace coke due to melting, based on gas phase reaction.

Payment Terms

The Company shall pay Angang Beijing Research Institute a total of RMB18,620,000 (including tax) in accordance with the following timeline:

RMB6,520,000 to be paid within 20 days from the date when the Technology Development Agreement IX is signed;
RMB7,450,000 to be paid within 20 days after completion of staged acceptance in 2020; and
RMB4,650,000 to be paid within 20 days from the date of the Last Project Acceptance IX, which shall be before 31 December 2021.

The consideration under the Technology Development Agreement IX was determined between the parties on an arm's length basis by taking into account such comprehensive expenses as materials expenses, equipment charges, fuel and power fees, assay and testing fees, expenditure on manpower, management overhead and external cooperation spending to be incurred for the Technology Research Project IX.

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REASONS FOR AND BENEFITS OF ENTERING INTO THE TECHNOLOGY DEVELOPMENT AGREEMENT

Angang Beijing Research Institute is a forward-looking technology research and development platform under Angang Group Company. It has a high scientific research position and strong scientific research strength in the fields of steel material technology research, new material calculation and design, and process simulation technology. The successful research and development of the abovementioned scientific research projects will greatly enhance the Company's basic research and development level and enable the Company to maintain its current leading level in the field of shipbuilding and marine engineering, expand the leading capability in the field of new-generation new materials including new energy vehicles and high-quality clad steel plate, and develop future disruptive process technology for steel smelting, to provide strong support for the Company to improve its scientific research and development level, product competitiveness and future profitability.

Having reviewed the terms of the Technology Development Agreements, the Directors (including the independent non-executive Directors) are of the view that:

The terms of the Technology Development Agreements are fair and reasonable;
the entering into the Technology Development Agreements is on normal commercial terms or better and in the ordinary and usual course of business of the Company; and
the entering into the Technology Development Agreements is in the interest of the Company and its Shareholders as a whole.

INFORMATION ABOUT THE PARTIES

The Company

The Company is a major steel manufacturing enterprise in the PRC. It is principally engaged in the production and sale of hot-rolled steel sheets, cold-rolled steel sheets, galvanized steel sheets, color coating plates, silicon steel, medium and thick plates, wire rods, large steel products and seamless steel pipes.

Angang Group Company

Angang Group Company is the controlling shareholder of the Company, indirectly holding approximately 53.33% of the issue share capital of the Company through Angang Holding as at the date of the Technology Development Agreements and the date of this announcement. It is a company established in the PRC. It was established by the State-owned Assets Supervision and Administration Commission of the State Council ( 國務院國有資產監督管理委員會) (as the representative of the State Council of the PRC) on 28 July 2010.

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Angang Beijing Research Institute

Angang Beijing Research Institute, formerly known as Future Iron and Steel Research Institute Co., Ltd. ("Future Iron and Steel Institute"), was established in March 2010 in the PRC. It is a wholly-owned subsidiary of Angang Group Company. In August 2019, Angang Group Company, Angang Holding, Pangang Group Company ("Pangang") and Angang Mining (the "Mining Company") jointly made capital contribution to Future Iron and Steel Institute. Upon completion of the capital contribution, the registered capital of Future Iron and Steel Institute was RMB500 million. In particular, Angang Group Company made capital contribution with the existing net assets of Future Iron and Steel Institute and was interested in 54% equity interests in Future Iron and Steel Institute; each of Angang Holding, Pangang and the Mining Company made capital contribution in cash and was interested in 30%, 11% and 5% equity interests in Future Iron and Steel Institute, respectively. In August 2019, the name of Future Iron and Steel Institute was changed into Angang Beijing Research Institute.

LISTING RULES IMPLICATIONS

As one or more of the applicable percentage ratios (as defined under the Listing Rule) in respect of the entering into the Technology Development Agreements exceeds 0.1% but are less than 5%, the entering into of the Technology Development Agreements is only subject to the reporting and announcement requirements, but is exempt from the independent Shareholders' approval requirement under Chapter 14A of the Listing Rules.

Mr. Wang Yidong, the chairman of the Board who also serves as a deputy general manager of Angang Group Company and the chairman of the board of of Angang Holding, which is a wholly-owned subsidiary of Angang Group Company, is considered to have a material interest in the transactions contemplated under the Technology Development Agreements due to his senior management positions in Angang Group Company and its subsidiary. Therefore, Mr. Wang Yidong has abstained from voting on the resolutions in relation to the Technology Development Agreements proposed to the Board.

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Save as disclosed above, none of the Directors is deemed to have a material interest in the Technology Development Agreements and none of them had to abstain from voting in respect of the Technology Development Agreements at the Board meeting.

DEFINITIONS

The following terms have the following meanings in this announcement unless the context otherwise requires:

"Angang Beijing Research	Angang Group Beijing Research Institute Company
Institute"	Limited* ( 鞍鋼集團北京研究院有限公司), a
	company established in the PRC with limited liability,
	and a 54% owned subsidiary of Angang Group Company
	Limited;
"Angang Group Company"	Angang Group Company Limited* (鞍鋼集團有限公司),
	a company established in the PRC with limited liability,
	and the controlling shareholder of the Company;
"Angang Holding"	Anshan Iron & Steel Group Co., Ltd. ( 鞍山鋼鐵集
	團有限公司), a company established in the PRC with
	limited liability, and the controlling shareholder of the
	Company;
"Board"	The board of Directors;
"Company"	Angang Steel Company Limited* ( 鞍鋼股份有限
	公司), a joint stock limited company incorporated in
	Anshan, Liaoning Province, the PRC, the H shares of
	which are listed on the Hong Kong Stock Exchange and
	the A shares of which are listed on the Shenzhen Stock
	Exchange;
"connected person(s)"	has the meaning ascribed thereto under the Listing
	Rules;
"controlling shareholder"	has the meaning as ascribed thereto under the Listing
	Rules;
"Director(s)"	the director(s) of the Company;
"Hong Kong"	the Hong Kong Special Administrative Region of the
	PRC;

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"Listing Rules"	the Rules Governing the Listing of Securities on the
	Stock Exchange;
"PRC"	the People's Republic of China, which for the purposes
	of this announcement, excludes Hong Kong, the Macau
	Special Administrative Region of the PRC and Taiwan;
"RMB"	Renminbi, the lawful currency of the PRC;
"Shareholder(s)"	holder(s) of the Share(s);
"Stock Exchange"	The Stock Exchange of Hong Kong Limited;
"Technology Development	the technology development agreement entered into
Agreement I"	between the Company and Angang Beijing Research
	Institute on 10 September 2019 in relation to research
	and development of, among other things, the integrated
	computing of high-strength marine steel;
"Technology Development	the technology development agreement entered into
Agreement II"	between the Company and Angang Beijing Research
	Institute on 10 September 2019 in relation to research
	and development of, among other things, the service
	performance testing and evaluation techniques for steel
	used for marine engineering and ships;
"Technology Development	the technology development agreement entered into
Agreement III"	between the Company and Angang Beijing Research
	Institute on 10 September 2019 in relation to research
	and development of, among other things, the key
	technologies and service performance of high-quality
	clad steel plate;
"Technology Development	the technology development agreement entered
Agreement IV"	into between the Company and Angang Beijing
	Research Institute on 10 September 2019 in relation to
	application, research and development of, among other
	things, the new welding technology for high-strength
	marine steel;
"Technology Development	the technology development agreement entered
Agreement V"	into between the Company and Angang Beijing
	Research Institute on 10 September 2019 in relation to
	research and development of, among other things, the
	high-strength thermoformed parts;

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"Technology Development	the technology development agreement entered into
Agreement VI"	between the Company and Angang Beijing Research
	Institute on 10 September 2019 in relation to research,
	development and application of, among other things, the
	high-strength steel products;
"Technology Development	the technology development agreement entered into
Agreement VII"	between the Company and Angang Beijing Research
	Institute on 10 September 2019 in relation to research
	and development of, among other things, the new light-
	weight steel;
"Technology Development	the technology development agreement entered into
Agreement VIII"	between the Company and Angang Beijing Research
	Institute on 10 September 2019 in relation to research,
	development and application of, among other things, the
	new electromagnetic stirring technology;
"Technology Development	the technology development agreement entered into
Agreement IX"	between the Company and Angang Beijing Research
	Institute on 10 September 2019 in relation to research,
	development and application of, among other things, the
	mechanism for loss of blast furnace coke due to melting,
	based on gas phase reaction;
"Technology Research	The technology research project under the Technology
Project I"	Development Agreement I;
"Technology Research	The technology research project under the Technology
Project II"	Development Agreement II;
"Technology Research	The technology research project under the Technology
Project III"	Development Agreement III;
"Technology Research	The technology research project under the Technology
Project IV"	Development Agreement IV;
"Technology Research	The technology research project under the Technology
Project V"	Development Agreement V;
"Technology Research	The technology research project under the Technology
Project VI"	Development Agreement VI;

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"Technology Research	The technology research project under the Technology
Project VII"	Development Agreement VII;
"Technology Research	The technology research project under the Technology
Project VIII"	Development Agreement VIII;
"Technology Research	The technology research project under the Technology
Project IX"	Development Agreement IX;
"Technology Development	Collectively, Technology Development Agreement I,
Agreements"	Technology Development Agreement II, Technology
	Development Agreement III, Technology Development
	Agreement IV, Technology Development Agreement V,
	Technology Development Agreement VI, Technology
	Development Agreement VII, Technology Development
	Agreement VIII, and Technology Development
	Agreement IX; and
"%"	per cent.
	By Order of the Board
	ANGANG STEEL COMPANY LIMITED*
	Wang Yidong
	Executive Director and Chairman of the Board

Anshan City, Liaoning Province, the PRC

10 September 2019

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

Executive Directors:	Independent Non-executive Directors:
Wang Yidong	Wu Dajun
Li Zhen	Ma Weiguo
Ma Lianyong	Feng Changli
Xie Junyong	Wang Jianhua

For identification purpose only

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ANSTEEL - Angang Steel Company Limited published this content on 10 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2019 14:46:03 UTC

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-05-05 pm EDT			5-day change	1st Jan Change
2.43 ^CNY	+0.83%		-0.82%	-2.41%

May. 01	Angang Steel's Q1 Loss Widens	MT
Apr. 29	Angang Steel Company Limited Announces Executive Appointments	CI

Angang Steel's Q1 Loss Widens	May. 01	MT
Angang Steel Company Limited Announces Executive Appointments	Apr. 29	CI
Angang Steel Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 29	CI
Angang Steel Company Limited Announces That Tian Yong Tendered His Resignation as Executive Director, Deputy General Manager and Member of the Nomination Committee of the Board	Apr. 26	CI
Angang Steel Repurchases Nearly Half a Million Restricted Shares; Shares Up 3%	Apr. 01	MT
Angang Steel Falls to 2023 Loss Amid Weak Steel Market	Mar. 31	MT
Angang Steel Swings to Loss in 2023 as Revenue Falls 13%	Mar. 29	MT
Angang Steel Company Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 28	CI
Angang Steel Swings to 3.3 Billion Yuan Loss in 2023 on Weak Market Conditions	Jan. 31	MT
Angang Steel Company Limited Provides Earnings Guidance for the Year Ended 31 December 2023	Jan. 30	CI
Angang Steel's Q3 Loss Narrows; Hong Kong Shares Fall 4%	23-10-31	MT
Angang Steel Company Limited Reports Earnings Results for the Nine Months Ended September 30, 2023	23-10-30	CI
China’s Iron, Steel Industry Posts 34% Drop in Nine-Month Profit; Revenue Falls 1.7%	23-10-26	MT
Angang Steel Chairman Steps Down	23-09-25	MT
Angang Steel Chairman Takes Office	23-09-24	MT
Angang Steel Company Limited Announces Executives Changes	23-09-22	CI
Angang Steel Swings to Loss in H1	23-08-31	MT
Angang Steel Company Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-25	CI
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Angang Steel Completes Repurchase, Cancellation of Portion of Restricted Shares	23-07-24	MT
Angang Steel to Swing to Loss in H1	23-07-17	MT
Angang Steel Company Limited Approves Final Profit Distribution Plan for the Year 2022, Payable on 27 June 2023	23-05-29	CI
Angang Steel Fully Redeems HK$1.85 Billion Convertible Bonds	23-05-26	MT
Angang Steel Swings to Loss in Q1	23-04-28	MT

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