Shougang Concord Century Holdings Limited announced Mr. Su Fanrong, the executive director and executive deputy managing director of the Company, will be re-designated as the executive director and chairman of the Company with effect from 18 January 2018. Mr. Su will be appointed as the chairman of nomination committee and the vice chairman of the remuneration committee with effect from 18 January 2018, Mr. Li Shaofeng has tendered his resignation as the executive director and chairman of the Company with effect from 18 January 2018 due to his other engagements. Following his resignation, Mr. Li has ceased to be the chairman of nomination committee and the vice chairman of the remuneration committee with effect from 18 January 2018.