Xiwang Special Steel Company Limited announced that Ms. LI Hai Xia has resigned to act as an executive Director with effect from 20 April 2023 in order to devote more time to her family. Ms. Li has confirmed that she has no disagreement with the Board and there are no matters in respect of her resignation that need to be brought to the attention of the shareholders of the Company (the "Shareholders") or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").