The Board of Xiwang Special Steel Company Limited announced the following changes of the independent non-executive Directors with effect from 31 March 2016. Mr. LIU Xiangming has resigned as an independent non-executive Director, the chairman of the Nomination Committee and the Remuneration Committee and a member of the Audit Committee of the company; and Mr. LI Bangguang has been appointed as an independent non-executive Director, the chairman of the Nomination Committee and the Remuneration Committee and a member of the Audit Committee of the company.