On 20 March 2023, Chongqing Iron & Steel Company Limited received a written resignation tendered by Mr. Lai Xiaomin, a director. Mr. Lai Xiaomin resigned as a director of the 9th session of the board of directors and a member
of the strategic committee of the board of directors of the Company due to work adjustment, and will no longer hold any position in the Company after his resignation. Mr. Lai Xiaomin confirmed that he does not have any disagreement with the board of directors, the supervisory committee and the management of the Company, and there is no matter relating to his resignation that needs to be brought to the attention of the Company and the shareholders.