Chen Jianxiong

The board of directors of the Group is the executive body of Shougang Resources, which endeavors to secure the interest of the corporation as a whole and achieve sustaining growth of corporate value. The most compelling mission of the board of directors is to form operation strategies for the corporation, preparing financial budget and distributing corporate resources, publishing the Group's quarterly operating results and annual financial statements on a regular basis and assigning crucial tasks. Introductions of members of the board of directors of the Group are as follows:

Executive Directors

Non-Executive Directors

Mr. Ding Rucai (Chairman)

Mr. Fan Wenli (Managing Director)

Mr. Chen Zhaoqiang (Deputy Managing Director)

Mr. Liu Qingshan (Deputy Managing Director)

Mr. Wang Dongming

Ms. Chang Cun

Mr. Shi Yubao

Independent Non-Executive Directors

Mr. Choi Wai Yin

Mr. Japhet Sebastian Law

Mr. Chen Jianxiong

Mr. Shen Zongbin

Division of Responsibilities of Chairman and Managing Director

Executive Directors

Mr. Ding Rucai

Mr. Ding is a senior engineer in professor grade. He graduated from the School of Metallurgical and Ecological Engineering of the University of Science and Technology Beijing with a doctoral degree in ferrous metallurgy, he also studied senior business administration in the University of Warwick, United Kingdom. Mr. Ding has extensive experience in management of listed companies, mergers and acquisitions, production management of steel and coal industries, project construction management, trading of iron ore and coking coal resources and shipping management.

Previously, Mr. Ding was an executive director and the deputy managing director of Shougang International (SEHK:697) (from September 2014 to January 2018), a listed company in Hong Kong.

Currently, Mr. Ding is a non-executive director of Mount Gibson Iron Limited (ASX:MGX), a company listed on the Australian Securities Exchange Limited. He also holds several senior positions in the group companies of Shougang Group, including the position as a director and deputy managing director of Shougang Holding.

Mr. Fan Wenli

Mr. Fan is a senior mining engineer and a certified safety engineer. He graduated from Wuhan University of Technology with a bachelor's degree in mining resources engineering and then obtained a master's degree in mining engineering from University of Science and Technology Beijing.

Previously, Mr. Fan held various senior positions in Mining Corporation of Shougang Group Co., Ltd. ("Shougang Mining") and had been responsible for mining production and operation safety for a long time. Mr. Fan served as the deputy mine manager of the iron ore production plants of Shougang Mining, namely Xingshan Iron Mine (underground mine) and Shuichang Iron Mine (open-pit mine). He also served as the deputy director and the director of production division of Shougang Mining during which he facilitated the commencement of production and the arrival at mine full production capacity of Xingshan Iron Mine. Mr. Fan has extensive management experience both in open-pit and underground mine.

Mr. Chen Zhaoqiang

Mr. Chen graduated from Jiaozuo Mining Institute with a bachelor degree majoring in mining engineering and obtained a master degree in management science from Huazhong University of Science & Technology and a finance executive master of business administration from Shanghai Advanced Institute of Finance of Shanghai Jiao Tong University. He has extensive experience in coal mining industry including in the areas of production safety management for coal mining, purchase and logistics management, mineral resources development and coal trading.

Previously, Mr. Chen had engaged in many important posts in coal mining enterprises, including in Pingdingshan Coal Co. Ltd., Henan Pingbao Coal Co. Ltd., and Henan Company for Coal Seam Gas Development & Application

Mr. Liu Qingshan

Mr. Liu graduated from Shanxi University of Finance and Economics Department of Accounting and obtained a master of business administration from Capital University of Economics and Business. He has extensive experience in the fields of accounting and finance in the mining industry in China.

Prior to joining the Group, Mr. Liu worked as chief financial officer in Fortune Dragon Group Limited and in other sizable energy resources companies in China.

Mr. Wang Dongming

Mr. Wang graduated from the University of Wales with a master degree in business administration.

Mr. Wang had been working in Shougang Group Co., Ltd. for years, during which he served as the assistant general manager of Shougang International Mineral Resources Corporation to handle various overseas acquisition projects in relation to mineral resources. He had also acted as the assistant general manager of the Company. Mr. Wang is currently the general manager of the investment department at Shougang Holding (Hong Kong) Co., Ltd. and a director of certain subsidiaries of the Company. Mr. Wang has extensive experience in the fields of trading of mineral resources, investment and capital operation. He has also been awarded the practicing certificates in the asset management and securities categories by the Hong Kong Securities and Investment Institute respectively.

Non-Executive Directors

Ms. Chang Cun

Ms. Chang is a certified public accountant in China and a certified internal auditor. She holds a bachelor degree in economics from Beijing Institute of Business and a master degree in management from Beijing Technology and Business University. Ms. Chang has extensive experience in accounting, auditing, financial and insurance businesses.

Previously, Ms. Chang held various positions in the group of Funde Sino Life. Currently, she is the director, deputy general manager and chief auditor of Funde Insurance Holdings Co., Ltd, the director and chief auditor of Funde Sino Life, the chief auditor of Sino Life AMC, and also the chief supervisor of The National Trust Co., Ltd respectively.

Mr. Shi Yubao

He graduated from Chongqing University with a master degree in business administration. Mr. Shi has extensive experience in the fields of corporate management, strategic planning and economic.

Previously, Mr. Shi held various senior positions in Chongqing Changan Industry (Group) Co., Ltd. including the chairman of its board of directors, chairman of its labour union, general manager, etc. In addition, he served as the chairman of the board of directors of Chongqing Changan Real Estate Development Co., Ltd. and Changan Minsheng APLL Logistics Co., Ltd., a company listed in Hong Kong, respectively, and the chairman of supervisory committee of Chongqing Changan Automobile Co., Ltd., a company listed in Shenzhen. Mr. Shi also served as the external director of Shougang Group. Mr. Shi was a member of the 14th and 15th executive committee of China National General Labour Union, a member of the 2nd and 3rd labour union committee of Chongqing General Labour Union and a member of the expert group jury panel of Chongqing Enterprise Management Excellence Evaluation Committee.

Independent Non-Executive Directors

Mr. Choi Wai Yin

Mr. Choi holds a master degree of science in finance from the City University of Hong Kong, a bachelor degree in business administration from The Chinese University of Hong Kong and a bachelor degree inlaw from the Peking University. He has extensive experience in the fields of finance and fund management.

Currently, he is a director and a responsible officer of Tap Capital Limited, a company carrying the asset management business. Mr.Choi is also an investment adviser registered under the SFO.

Mr. Japhet Sebastian Law

Mr. Law graduated from the University of Texas at Austin with a doctor of philosophy degree in mechanical/industrial engineering in 1976

Previously, Mr. Law was a professor of the Chinese University of Hong Kong. He joined The Chinese University of Hong Kong in 1986 and retired in August 2012. Before retirement, Mr. Law was a professor in the Department of Decision Sciences and Managerial Economics. He was the associate dean and subsequently the dean of the Faculty of Business Administration of The Chinese University of Hong Kong from 1993 to 2002. Prior to returning to Hong Kong, Mr. Law was the director of Operations Research at the Cullen College of Engineering and the director of Graduate Studies in Industrial Engineering at the University of Houston and was also involved with the U.S. Space Program in his career with McDonnell Douglas and Ford Aerospace in the United States. Beside acting as an independent non-executive director of Beijing Capital International Airport Company Limited (SEHK:694) (from June 2008 to June 2020), he had acted as a consultant for various corporations in Hong Kong and overseas. Mr. Law was active in public services and serves as a member of the Provisional Regional Council of the Hong Kong Special Administrative Region Government and various other committees. He also served on the boards of profit, non-profit and charitable organisations in Hong Kong and overseas.

Currently, Mr. Law is an independent non-executive director of each of Global Digital Creations Holdings Limited (SEHK:8271), Tianjin Port Development Holdings Limited (SEHK:3382), Beijing Capital International Airport Company Limited (SEHK:694), Binhai Investment Company Limited (SEHK:2886), Regal Hotels International Holdings Limited (SEHK:78) and Tianjin Binhai Teda Logistics (Group) Corporation Limited (SEHK:8348) respectively and an independent supervisor of Beijing Capital International Airport Company Limited (SEHK:694), all of which are listed companies in Hong Kong.

Mr. Chen Jianxiong

Mr. Chen is a senior economist and a senior human resources management specialist. He graduated from Hong Kong Baptist University with a master of science degree in applied accounting and finance.

Mr. Chen was an executive director of China Orient Asset Management Co., Ltd and had held various senior positions there including the vice president, the board secretary and the general manager of human resources department. He also served sequentially as the chairman of the board of directors of Bangxin Asset Management Co., Ltd. and Orient Bangxin Finance Holding Co., Ltd. In addition, he had served as the head of deposits division and head of personnel and education division of Bank of China Zhejiang Branch. Mr Chen has extensive experience in the fields of corporate management, economic and finance, human resources and banking.