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.

ANNOUNCEMENT ON THE OPERATING DATA

FOR THE FIRST HALF OF 2020

Pursuant to the relevant provisions of Article 25 of the "Guidelines on Industrial Information Disclosure of Listed Companies No. 9 - Iron and Steel" of the Shanghai Stock Exchange, Chongqing Iron & Steel Company Limited (the "Company") hereby announces the operating data for the first half of 2020 (reporting period) (unaudited) as follows:

  1. MAJOR FINANCIAL DATA

Unit: RMB'000

Change from

the end of last

year compared

As at the end

As at the

to the end of

of the reporting

end of the

the reporting

period

last year

period

(%)

Total assets

28,611,251

26,975,726

6.06

Net assets attributable to

shareholders of the Company

19,520,184

19,396,003

0.64

- 1 -

Change from

Reporting period

Same period the same period

(January to June)

last year

last year

(%)

Net cash flow from operating

activities

82,586

88,417

-6.59

Operating income

10,927,367

11,483,560

-4.84

Net profit attributable to

shareholders of the Company

121,355

615,728

-80.29

Net profit attributable to

shareholders of the Company

after extraordinary gains and

losses

107,793

589,097

-81.70

Decreased by

Weighted average return on net

2.65 percentage

assets (%)

0.62

3.27

points

Basic earnings per share

(RMB per share)

0.01

0.07

-85.71

Diluted earnings per share

(RMB per share)

0.01

0.07

-85.71

- 2 -

  1. MAJOR PRODUCTS DATA

Average selling

Production from

Sales from

price from

January to June

January to June

January to June

Major products

2020

2020

2020

(RMB per tonne,

(0'000 tonnes)

(0'000 tonnes)

excluding taxes)

Medium plate

98.97

98.53

3,508

Hot rolling

161.48

163.39

3,252

Bars

28.91

28.73

3,337

Profiles

24.61

23.05

3,356

Total

313.97

313.70

3,348

The above operating data is unaudited. Investors are advised to pay attention to the investment risks and exercise caution when using such information.

By order of the Board

Chongqing Iron & Steel Company Limited

Meng Xiangyun

Secretary to the Board

Chongqing, the PRC, 26 August 2020

As at the date of this announcement, the Directors of the Company are: Mr. Zhang Jingang (Non-executive Director), Mr. Song De An (Non-executive Director), Mr. Zhou Ping (Non-executive Director), Mr. Liu Jianrong (Executive Director), Mr. Tu Deling (Executive Director), Mr. Zou An (Executive Director), Mr. Xin Qingquan (Independent Non-executive Director), Mr. Xu Yixiang (Independent Non-executive Director) and Mr. Wong Chunwa (Independent Non-executive Director).

- 3 -

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Chongqing Iron & Steel Company Limited published this content on 26 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2020 23:51:17 UTC