The board of directors of Chongqing Iron and Steel Company Limited announced the resignation of Mr. Deng Qiang as chairman, non-executive director, chairman of the strategic committee and chairman of the nomination committee of the company with effect from 24 January 2014 pursuant to the relevant requirements under the law, regulations, other regulatory documents and the articles of association of the company. Mr. Li Ren Sheng, executive director of the company, has been appointed as an authorised representative of the company under Rule 3.05 of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited in place of Mr. Deng Qiang with effect from 24 January 2014. Mr. Li Ren Sheng, currently an executive director of the Company, will assume the responsibilities of the chairman of the company.