Metallurgical Corporation of China Ltd. announced that at extraordinary general meeting held on 26 January 2022, Mr. Chen Jianguang was newly elected as an executive Director of the third session of the Board, Mr. Lang Jia was newly elected as a non-executive Director of the third session of the Board, and Mr. Liu Li was newly elected as an independent non-executive Director of the third session of the Board, with their respective terms effective from 26 January 2022. Mr. Guo Wenqing, the chairman of the Company, tendered his resignation to the Board on 26 January 2022 in respect of his resignation as an executive Director, chairman, member and chairman of the strategy committee of the Board and member of the nomination committee of the Board due to the needs of work and ceased to assume the position of authorised representative of the Company under Rule 3.05 of the Listing Rules, with effect from the submission date of his resignation. Mr. Guo Wenqing has confirmed that there is no disagreement between him and the Board, and there is no issue in relation to his resignation that shall be brought to the attention of the Shareholders and the Hong Kong Stock Exchange.

The Board announced that Mr. Chen Jianguang, an executive Director, was appointed as the chairman and Authorised Representative by the Board at the Board meeting held on 26 January 2022, with a term effective from the conclusion of the Board Meeting. Mr. Yu Hailong will cease to serve as an independent non-executive Director as Mr. Liu Li has been appointed as an independent non-executive Director. Mr. Yu Hailong has confirmed that there is no disagreement between him and the Board, and there is no issue in relation to the expiry of his term of appointment as an independent non-executive Director that shall be brought to the attention of the Shareholders and the Hong Kong Stock Exchange.