09:23 SHOUGANG INT'L<00697> - Announcement (4) EXTRAORDINARY GENERAL MEETING An Extraordinary General Meeting will be convened at which ordinary resolutions will be proposed to consider and, if thought fit, approve the Master Agreement, the transactions contemplated under the Master Agreement and the cap amounts where Shougang Corporation, Shougang Holding and their associates will abstain from voting. A circular containing, amongst others, further information on the Master Agreement, the Continuing Connected Transactions, the advice of the independent financial adviser to the independent board committee of the Company in relation to the Continuing Connected Transactions, the recommendation of the independent board committee of the Company to the shareholders of the Company in relation to the Continuing Connected Transactions and the notice of the Extraordinary General Meeting will be despatched to the shareholders of the Company as soon as possible. As at the date of this announcement, the Directors are Mr. Wang Qinghai (Chairman), Mr. Cao Zhong (Managing Director), Mr. Chen Zhouping (Deputy Managing Director), Mr. Luo Zhenyu (Deputy Managing Director), Mr. Tsoi Wai Kwong, Mr. Ip Tak Chuen, Edmond, Mr. Leung Shun Sang, Tony. Ms. Choy Hok Man, Constance, Ms. Kan Lai Kuen, Alice (independent non-executive Director), Mr. Kwan Bo Ren, Dick (independent non-executive Director) and Mr. Wong Kun Kim (independent non-executive Director). DEFINITIONS In this announcement, the following expressions shall have the following meanings unless the context otherwise requires: "associate" has the same meaning as given to it under the Listing Rules "Board" the board of Directors "Business Day" a day (excluding Saturday) on which banks are generally open for business in Hong Kong "Company" Shougang Concord International Enterprises Company Limited, a company incorporated in Hong Kong with limited liability, the shares of which are listed on the main board of the Stock Exchange "connected person(s)" has the same meaning as given to it under the Listing Rules "Continuing Connected Transactions" the transactions contemplated under the Master Agreement "Director(s)" the director(s) of the Company "Extraordinary General Meeting" the extraordinary general meeting of the Company to be convened for the Independent Shareholders to consider and, if thought fit, approve the Master Agreement and the cap amount in relation to the Continuing Connected Transactions or any adjournment thereof "Group" the Company and its subsidiaries "HK$" Hong Kong dollar, the lawful currency of Hong Kong "Hong Kong" the Hong Kong Special Administrative Region of the PRC "Independent Shareholders" the shareholders of the Company other than Shougang Holding and its associates "Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange "PRC" the People's Republic of China "Master Agreement" the master agreement entered into between Shougang Concord Steel and Shougang Corporation on 22 February 2005 "Shougang Concord Steel" Shougang Concrod Steel International Trading Co. Ltd., a limited liability company incorporated in the British Virgin Islands and a wholly-owned subsidiary of the Company "Shougang Corporation" Shougang Corporation, a state-owned enterprise in the PRC and the holding company of Shougang Holding