OREANDA-NEWS. August 22, 2011. Angang Steel Company Limited (the “Company”) is pleased to announce that Mr. Ren Ziping has been appointed as the chief engineer of the Company, reported the press-centre of Angang Steel Company.

Mr. Ren Ziping, aged 47, is a professor level senior engineer and formerly served as the director of the Science, Technology and Quality Department of Anshan Iron and Steel Group Corporation (“Angang Group”).

Mr. Ren joined Angang Group in 1990 and held various management positions ever since, including the manager of the Third Steelmaking Plant of Angang Group, manager of the Second Steelmaking Plant of Angang Group, executive deputy director of the Technology Center of the Company and director of the Science Development Department of Angang Group. Mr. Ren received his doctor’s degree from Northeastern University with a major in nonferrous metallurgy.

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. As at the date of this announcement, he does not hold any shares of the Company.

Other than disclosed above, there is no other information that needs to be brought to the attention of the shareholders of the Company in relation to the appointment of Mr. Ren.