Angang Steel Company Limited announced that Mr. Yang Zhengwen has been elected as an employee representative supervisor of the ninth session of the Supervisory Committee of the Company with effect from May 26, 2022. Mr. Yang, aged 55, a senior economist, is currently the Company's employee representative supervisor of the eighth session of the Supervisory Committee, the deputy chairman of the labour union of the Company and deputy chairman of the labour union of Anshan Iron & Steel Group Co. Ltd. Mr. Yang obtained a bachelor's degree in engineering from the Metallurgy Department of Anshan Institute of Iron & Steel and a master's degree in engineering from School of Business Administration, Northeastern University.

Mr. Yang joined Anshan Iron & Steel in 1989 and successively held various positions including deputy director of the Human Resource. Department of the Company, secretary of Party committee of the Human Resource Service Center of Anshan Iron & Steel, and vice plant manager and secretary of the Party committee of the general iron-making plant of the Company. The term of office of Mr. Yang will commence on 26 May 2022, until the expiry of the ninth session of the Supervisory Committee.

The Company will enter into a service contract with Mr. Yang. The remuneration of Mr. Yang will be determined by the Supervisory Committee with reference to his responsibilities, the Company's remuneration policy and the prevailing market conditions.