Certain senior management of Angang Steel Company (SHE:000898, HKG:0347)and Anshan Iron & Steel Group Complex intend to purchase the shares of the company listed on the Shenzhen Stock Exchange (A shares) through the exchange system of the Shenzhen Stock Exchange within the next six months. Each of the senior management will purchase 1,000 to 200,000 A Shares. The funds used to purchase the shares will be contributed by each of the senior management.

Each of the senior management has voluntarily agreed not to sell the A Shares to be purchased by him for a lock-up period of two years.