Angang Steel Company Limited announced that Mr. Li Zhen tendered his resignation as an executive director and a general manager of the Company and a member of the strategic committee of the Company on 19 November 2021 due to changes in work arrangement. The resignation of Mr. Li takes effect from 19 November 2021. The Board announced that Mr. Xu Shishuai has been appointed as general manager of the Company with effect from 19 November 2021. The Board further announces that Mr. Xu has been nominated by the Board as a candidate of the executive director of the eight session of the Board. His appointment is subject to the approval by the shareholders at a general meeting. Mr. currently serves as a deputy secretary to the Party Committee, director and a senior engineer of Anshan Iron & Steel Group Co. Ltd. Mr. Xu joined Angang Group Company Limited in 1996.