Chongqing Iron & Steel Company Limited received a written resignation from Mr. Yao Xiaohu on 17 February 2022. Mr. Yao Xiaohu tendered his resignation to the board of directors (the "Board") of the Company to resign as the senior vice president due to work rearrangements. According to the requirements under the relevant laws, regulations and the Articles of Association, the resignation report of Mr. Yao Xiaohu takes effect on the date of its delivery to the Board of the Company.

On 18 February 2022, the 8 meeting of the ninth session of the Board of the Company was convened in writing. The meeting was proposed by Mr. Zhang Wenxue, the chairman. Nine directors were entitled to be present at the meeting, among which nine directors attended the meeting.

The Resolution in relation to the Appointment of Senior Vice President of the Company was considered and approved at the meeting, according to the nomination of the president, the Board appointed Mr. Meng Wenwang as the senior vice president of the Company. Mr. Meng Wenwang successively served as an assistant to the head of the hot pressing plant and the officer of the production technology division under Baoshan Iron & Steel Co.,Ltd.; deputy chief of the thick plate department, the officer of the production technology division and the secretary of the party branch of Baosteel; secretary of the party committee and the head of the thick plate plant of Baosteel, and the chief of the thick plate division of Baosteel; the deputy secretary to the party committee, secretary of the disciplinary committee and chairman of the labor union of the Company.