OREANDA-NEWS.  January 15, 2014. This announcement is made by Chongqing Iron & Steel Company Limited (the “Company”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

The Company recently received a notice from Chongqing Iron & Steel (Group) Company Limited (“Chongqing Iron & Steel Group”), a shareholder of the Company, informing that 200,000,000 unrestricted tradable shares of the Company (representing 4.51% of the total share capital of the Company) held by Chongqing Iron & Steel Group (as the pledgor) have been pledged to Shenzhen Ping An New Capital Investment Co., Ltd. (as the pledgee) on the register date of 7 January 2014. Relevant securities pledge registration procedures have been completed with the Shanghai Branch of China securities Depository and Clearing Corporation Limited.

Chongqing Iron & Steel Group held a total of 2,796,981,600 shares of the Company, representing 63.05% of the total share capital of the Company. After the pledge, Chongqing Iron & Steel Group has accumulatively pledged 341,336,000 shares of the Company, representing 7.69% of the total share capital of the Company. The above pledge of shares does not fall within the scope of Rule 13.17 of the Listing Rules.