OREANDA-NEWS. October 04, 2011. The board of directors (the “Board”) of Chongqing Iron & Steel Company Limited (the “Company”) announces that according to the requirements of environmental protection, industrial layout and planning of Chongqing Municipal Government, the Company implemented the environmental relocation strategy, reported the press-centre of Chongqing Iron & Steel Company.

The Company closed down all its production facilities in Dadukou District of Chongqing in the People’s Republic of China (“PRC”) and transferred all its production activities to Jiangnan Town, Changshou District of Chongqing in the PRC.

Upon approval by 2010 general meeting of the Company held on 27 May 2011, the Company has moved its registered address to No. 1 of Gangcheng Avenue, Economic & Technological Development Zone, Changshou District, Chongqing, the PRC 401258. The Company’s place of business will be relocated to the Management Building, No. 1 of Gangcheng Avenue, Economic & Technological Development Zone, Changshou District, Chongqing, the PRC 401258 from 1 October 2011.

The Board further announces that Chongqing Iron & Steel Group Company Limited, the Company’s controlling shareholder as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) has agreed to indemnify the Company for losses in relation to the environmental relocation, the Company will engage accountants to conduct a special audit of the losses arising from the Company’s relocation on the basis of the date as at 30 September [2011].

The Company will fulfil its obligations to disclose information in a timely manner in accordance with the Listing Rules and other relevant rules in line with the progress of the relocation. Investors are advised to pay attention to and safeguard the risks involved in investment.