The board of directors of Shougang Concord Grand (Group) Limited announced with deep regret that Mr. Wan Siu Wah, Wilson ("Mr. Wan"), an independent non-executive director of the Company, member of each of the audit committee of the Board ("Audit Committee"), the remuneration committee of the Board ("Remuneration Committee") and the nomination committee of the Board ("Nomination Committee"), passed away on 8 January 2021. Following the passing away of Mr. Wan, the Board comprises three executive directors, two non-executive directors and two independent non-executive directors.