The board of directors of Xiwang Special Steel Company Limited announced that Mr. Yu Chi Kit has been appointed as the company secretary of the Company and the authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 1 November 2019. Mr. Yu holds a Bachelor's degree in business administration from the Chinese University of Hong Kong. He is also a member of the Hong Kong Institute of Certified Public Accountants. Mr. Yu has extensive experience in accounting, auditing and company secretarial practice in Hong Kong. Meanwhile, the Board wishes to announce that the executive director of the Company, Mr. Zhang, will cease to act as the Authorized Representative under the Listing Rules with effect from 1 November 2019.