The board of directors of Angang Steel Company Limited announced that Mr. Feng Changli ("Mr. Feng"), having served as an independent non-executive Director for six consecutive years, has tendered his resignation as an independent non-executive Director, pursuant to the Administrative Measures for Independent Directors of Listed Companies promulgated by the China Securities Regulatory Commission which stipulates the consecutive term of an independent non-executive director serving in the same listed company shall not exceed six years. The resignation of Mr. Feng takes effect from 4 June 2024. Following his resignation, Mr. Feng ceased to be the chairman of the remuneration and appraisal committee of the Company, a member of the nomination committee of the Company, a member of the audit and risk (oversight) committee of the Company, and a member of the strategic committee of the Company.

Mr. Feng confirmed that there is no disagreement with the Board, the supervisory committee and/or the Company, and there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company. The Board announced that it was resolved at the 29th meeting of the ninth session of the Board on 4 June 2024 that the composition of the committees of the Board will be adjusted as follows: The strategic committee of the Company will comprise Mr. Wang Jun, Mr. Zhang Hongjun, Mr. Wang Jianhua, Mr. Wang Wanglin, Mr. Zhu Keshi, Ms. Hu Caimei and Mr. Tan Yuhai, and will be chaired by Mr. Wang Jun; The remuneration and appraisal committee of the Company will comprise Ms. Hu Caimei, Mr. Wang Jun, Mr. Wang Jianhua, Mr. Wang Wanglin, Mr. Zhu Keshi and Mr. Tan Yuhai, and will be chaired by Ms. Hu Caimei; The nomination committee of the Company will comprise Mr. Wang Jianhua, Mr. Wang Jun, Mr. Deng Qiang, Mr. Wang Wanglin, Mr. Zhu Keshi, Ms. Hu Caimei and Mr. Tan Yuhai, and will be chaired by Mr. Wang Jianhua; The audit and risk (oversight) committee will comprise Mr. Zhu Keshi, Mr. Wang Jianhua, Mr. Wang Wanglin, Ms. Hu Caimei and Mr. Tan Yuhai, and will be chaired by Mr. Zhu Keshi.