Xiwang Special Steel Company Limited announced that Ms. Fung Nga Fong (" Ms. Fung ") has been appointed as the company secretary of the Company (the "Company Secretary") and the authorized representative of the Company (the "Authorized Representative") under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 6 May 2022. Ms. Fung has been a member of the Hong Kong Institute of Certified Public Accountants since February 2008 and a practicing certified public accountant since July 2015. Ms. Fung is a Chartered Secretary, a Chartered Governance Professional and an Associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom.

Ms. Fung has more than 15 years of experience in audit and accounting. Meanwhile, the Board wishes to announce that the executive director of the Company, Mr. Zhang Jian will cease to act as the Authorized Representative under the Listing Rules, with effect from 6 May 2022.