OREANDA-NEWS. May 23, 2013. The twenty-second meeting (the “Meeting”) of the Fifth Session of the supervisory committee (the “Supervisory Committee”) of Angang Steel Company Limited (the “Company”) was held by way of written resolution.

All of the three current supervisors of the Company attended the Meeting, which was in compliance with the quorum stipulated in the articles of association of the Company (the “Articles of Association”). The Meeting was convened in compliance with the relevant provisions of the Company Law and the Articles of Association.

The Resolution on Nomination of Candidates for Shareholders’ Representative Supervisors of the Sixth Session of the Supervisory Committee was approved at the Meeting by 3 affirmative votes, dissenting vote and 0 abstention vote.

According to the requirements of the Articles of Association, the term of office of the Fifth Session of the Supervisory Committee has expired. The Company has nominated Su Wensheng and Shan Mingyi as the candidates for shareholders’ representative supervisors of the Sixth Session of the Supervisory Committee.

The resolution is subject to approval of the second extraordinary shareholders’ general meeting of the Company in 2013. Shareholders’ representative supervisors will be elected by cumulative voting in the shareholders’ general meeting.

According to the requirements of the Articles of Association, employee representative supervisors of the Sixth Session of the Supervisory Committee will be elected by the labour union of the Company through a democratic process.