The board (Board) of directors (Directors) of Xiwang Special Steel Company Limited (Company) announced that Mr. Yu Chi Kit (Mr. Yu) has tendered his resignation as the company secretary and authorized representative (as required under Rule 3.05 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange")) of the Company with effect from 1 April 2022 due to his personal career development. The Board announced that Mr. Zhang Jian, an executive director of the Company, has been appointed as the authorised representative of the Company under the Listing Rules with effect from 1 April 2022.