The chairman of China Smelter is adjusted!

On May 8, China Metallurgical Science and Technology Co., Ltd. issued the Announcement of Resolutions of the Second Provisional Shareholders'Meeting in 2026, the Announcement of Resolutions of the 86th Meeting of the Third Board of Directors and the Announcement on the Change of the Chairman of the Company. The main contents are as follows: It is agreed to elect Li Zhongze as the Chairman of the Third Board of Directors of MCC, with the term of office commencing from the date of approval of the election of the Board of Directors and ending on the date of the formation of the Fourth Board of Directors.

The announcement said that recently, the board of directors of the company received a written resignation report from Mr. Chen Jianguang, the chairman of the board of directors. Mr. Chen Jianguang requested to resign as the chairman of the board of directors, executive director, convenor of the strategic committee of the board of directors and member of the nomination committee due to job adjustment. After his resignation, Mr. Chen Jianguang no longer holds any position in the company. During his tenure of office, Mr.

Chen Jianguang was dedicated, diligent and responsible, and made important contributions to the high-quality development of the Company. The Board of Directors of the Company would like to express its sincere gratitude to Mr. Chen Jianguang for his contributions to the Company during his tenure of office. Biographical details

of Mr.

Li Zhongze Born in January 1969, a Chinese national with no right of abode overseas, he is an executive director of the Company. Mr.

Li joined China National Metals and Minerals Import and Export Corporation (now China Minmetals Group Co., Ltd.) In 1991 and has successively served as a staff member and department manager, the general manager of the tungsten department of Minmetals Nonferrous Metals Co., Ltd., and the deputy general manager of Minmetals Nonferrous Metals Co., Ltd. Since

2011, he has successively served as general manager and chairman of Minmetals Salt Lake Co., Ltd., deputy general manager of Minmetals Nonferrous Metals Holding Co., Ltd. and chairman of Minmetals Salt Lake Co., Ltd. From December

2015 to August 2016, he served as vice president of Minmetals Economic Research Institute. Since June

2016, he has been the chairman of China Tungsten New Materials Co., Ltd. Since

March 2026, he has been the assistant to the general manager of China Minmetals Corporation. He has been an executive director of the Company since

May 2026. Mr.

Li graduated from Peking University majoring in classical literature, and later obtained an Executive Master of Business Administration (EMBA) from Peking University and a Doctor of Philosophy in Management from Renmin University of China. He is a full senior engineer.