Chongqing Iron & Steel Company Limited approved the election of Mr. Zhang Wenxue as the Chairman of the Company was considered and approved at the 40th meeting of the eighth session of the board of directors of the Company. Mr. Zhang, born in May 1963, is a senior engineer. He currently serves as a director and the secretary of the party committee of the Company. Mr. Zhang was the director of the hot pressing plant and the concurrent system reformation project manager of the hot pressing production line of Baogang Branch under Baoshan Iron & Steel Co. Ltd., the deputy general manager of Baogang Zhanjiang Iron and Steel Company, the director of hot pressing plant, the assistant to the general manager and concurrently the chief of the business promotion department of Baoshan Iron & Steel Co. Ltd.