OREANDA-NEWS. August 02, 2011. The Company received a written resignation application from Mr. Gao Shou Lun, a staff representative Supervisor. Mr. Gao Shou Lun resigned as a staff representative Supervisor due to work change, with effect from 25 July 2011. Mr. Gao confirmed that, as at the date of this announcement, he has no disagreement with the Board and/or the Supervisory Committee and there is no other matter in relation to his resignation that needs to be brought to the attention of the Shareholders, reported the press-centre of Chongqing Iron & Steel.

The Company would like to express its sincere gratitude to Mr. Gao Shou Lun for his contribution to the Company during his term of office.

In accordance with the relevant regulations of the Company Law and the Articles of Association, the Company held the 63rd Meeting of Mission Leaders of the Second Staff Congress on 25 July 2011 at which Mr. Dou Hui was elected as a staff representative Supervisor of the fifth session of the Supervisory Committee of the Company.

Biographical details of Mr. Dou Hui: aged 48, holder of a bachelor’s degree, and a senior political engineer. Mr. Dou serves as the secretary to the Party Committee, secretary to the Discipline Inspection Committee and chairman of the Labor Union of the Steel Smelting Plant of the Company. Mr. Dou joined the Parent Company in August 1982. He served from time to time as the director of the office of the Labor Union, organization department chief of the Labor Union of the Parent Company, as well as secretary to the Party Committee (in charge of the general affairs of the Party Committee), secretary to the Discipline Inspection Committee and chairman of the Labor Union of the Sintering Plant of the Company.

Mr. Dou Hui will enter into a service contract with the Company, with the same term of office as that of the fifth session of the Supervisory Committee. The Company will remunerate him based on his performance and the duties and risks assumed by him.

Save as disclosed above, Mr. Dou Hui has not held any other position with the Company and/or its subsidiaries in the past three years. Save as disclosed above, Mr. Dou Hui does not hold any other directorships in other listed public companies in the past three years, and (i) he is not related to any Directors, Supervisors, senior management or substantial or controlling shareholders of the Company (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”)); (ii) he is not interested in any Shares of the Company within the meaning of Part XV of the

Securities and Futures Ordinance; and (iii) there are no other matters in relation to the election of Mr. Dou Hui as a staff representative Supervisor that need to be brought to the attention of the Shareholders, and there is no other information that is required to be disclosed pursuant to Rule 13.51 (2) (h) to (v) of the Listing Rules.