OREANDA-NEWS. July 19, 2013. The board of directors (the “Board”) of Chongqing Iron & Steel Company Limited (the “Company”) received a written resignation from Mr. Sun Yi Jie, director of the Company, to the effect that Mr. Sun Yi Jie would resign from the positions as a director and a member of the strategic committee of the Company due to other work engagements.

The resignation of Mr. Sun Yi Jie was effective upon the delivery of the written resignation to the Board. Mr. Sun Yi Jie has no disagreement with the Board of the Company, and there is no matter relating to his resignation which needs to be brought to the attention of the shareholders of the Company.

The Company would like to express its gratitude to Mr. Sun Yi Jie for his contributions to the development of the Company during his term of office.