OREANDA-NEWS. May 19, 2011. Angang Steel Company Limited (the “Company”) hereby  announces that Mr. Xin Guibin has resigned as an employee representative supervisor of the Company due to his other job engagement, reported the press-centre of Angang Steel Company.

Mr. Xin has confirmed that he has no disagreement with the Company and there is no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.

The Company would like to take this opportunity to express its gratitude to Mr. Xin for his valuable contribution to the Company during his term of office.

The Company is pleased to announce that Mr. Bai Hai has been elected by the employees of the Company as an employee representative supervisor.

Mr. Mr. Bai, aged 36, is currently a technician and the superintendent of furnace No.4 at Class B of No.1 Steel Plant of the Company. He joined Anshan Iron and Steel Group Complex, the immediate holding company of the Company, in 1994.

Mr. Bai graduated from Angang Technical Complex with a qualification equivalent to a university degree. Mr. Bai has been recoganised as a “Top Model Worker of Anshan City” and named a “Top Ten Outstanding Youth of Anshan City” in 2007, “Skilled Youth in Enterprise under the Control of the Central Government” in 2008, “Model Worker of Liaoning Province” and “Model Member of the Communist Party in Liaoning Province” in 2009, and “National Model Worker” in 2010.

Mr. Bai did not hold any directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the past three years. Save as disclosed above, he does not have any relationship with any director, supervisor, senior management, the chief executive, any substantial shareholder or controlling shareholder of the Company or any of its subsidiaries or an associate of any of them, or hold any other position with the Company or any of its subsidiaries, neither does he hold any position in the controlling shareholders of the Company.

He does not have any interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance as at the date of this announcement. Mr. Bai has not received punishment from the China Securities Regulatory Commission or other relevant departments, nor received disciplinary actions from any stock exchange.

Mr. Bai was appointed as an employee representative supervisor of the Company for a period of 1 year till the annual general meeting in 2011 and/or till the Company democratically elects new members of the supervisory board. He will not receive additional salary or other remuneration and/or benefits from the Company or any of its subsidiaries as the Company’s supervisor. The Board is not aware that there are any other matters which need to be brought to the attention of the shareholders of the Company in respect of the appointment of Mr. Bai.