On 5 July 2021, Chongqing Iron & Steel Company Limited received a written resignation tendered by Mr. Liu Jianrong, the chairman. Mr. Liu Jianrong tendered his resignation to the board of directors of the Company as the chairman, a director and a member of the special committee under the Board due to work adjustment. Mr. Liu Jianrong confirms that he does not have any disagreement with the Board, the supervisory committee and the management of the Company, and there is no other matter relating to his resignation that needs to be brought to the attention of the Company and the shareholders. Pursuant to the requirements of the relevant laws and regulations and the Articles of Association, the resignation of Mr. Liu Jianrong is effective once it is delivered to the Board of the Company. Mr. Liu Jianrong will cease to hold other positions in the company upon his resignation as the chairman, a director and a member of the special committee under the Board.