Chongqing Iron & Steel Company Limited received the written resignation reports from Mr. Liu Da Wei, chairman of the Company, and Mr. Zhou Hong, Mr. Li Ren Sheng, Mr. Zhang Li Quan and Mr. Yao Xiao Hu, all being directors of the Company. Due to work adjustment, Mr. Liu Da Wei resigned as a director, chairman, and chairman of the strategic committee and the nomination committee of the Company, and Mr. Zhou Hong, Mr. Li Ren Sheng, Mr. Zhang Li Quan and Mr. Yao Xiao Hu resigned as directors and members of the strategic committee of the Company. As the resignations of these five directors including Mr. Liu Da Wei and Mr. Zhou Hong would lead to the number of members of the Board of the Company falling below the statutory quorum, the resignation reports of these five directors including Mr. Liu Da Wei and Mr. Zhou Hong will take effect after new directors are elected at the general meeting of the Company. During this period, these five directors including Mr. Liu Da Wei and Mr. Zhou Hong will continue to fulfill their relevant duties as chairman, directors and members of the special committees of the Board in compliance with the laws, administrative regulations, departmental rules and the Articles of Association. The Company will convene a general meeting to elect new directors as soon as practicable. The Company recently received the written resignation reports from Mr. Xia Tong and Mr. Li Zheng. Due to work adjustment, Mr. Xia Tong requested to resign as the chairman and a shareholder representative supervisor of the seventh session of the supervisory committee of the Company, and Mr. Li Zheng requested to resign as a shareholder representative supervisor of the seventh session of the supervisory committee of the Company. As the resignations of Mr. Xia Tong and Mr. Li Zheng would lead to the number of supervisors of the Company falling below the statutory quorum, the resignation reports of Mr. Xia Tong and Mr. Li Zheng will take effect after new shareholder representative supervisors are elected at the general meeting of the Company. During this period, Mr. Xia Tong will continue to fulfill his duties as the chairman and a shareholder representative supervisor of the supervisory committee, and Mr. Li Zheng will continue to fulfill his duties as a shareholder representative supervisor. The Company will convene a general meeting to elect new shareholder representative supervisors as soon as practicable. The Board of the Company announces that Mr. Zhou Zhu Ping, Mr. Li Yong Xiang, Mr. Zheng Jie, Mr. Zhang Shuo Gong and Mr. Hwang Yuhchang are nominated as the candidates for directors of the seventh session of the Board of the Company, of which, Mr. Hwang Yuhchang is nominated as a candidate for independent director. In addition, Mr. Xiao Yu Xin, Mr. Lu Jun Yong and Mr. Yin Dong are nominated as the candidates for shareholder representative supervisors of the seventh session of the supervisory committee of the Company.