Wuhan, February 28 (Gu Zhaonong, Baijiang) On the morning of February 26 local time, Wuhan Iron and Steel (Group) Corporation and Brazil EBX Group MMX Corporation successfully completed the equity delivery in Rio de Janeiro. Wuhan Iron and Steel became the second largest shareholder of the company, obtaining about 600 million tons of resource equity. Peng Chen, Deputy General Manager and Chief Accountant of WISCO, and ROGER, Chief Operating Officer of MMX, signed the equity delivery document on behalf of both parties, and signed the ore purchase and sale agreement. This marks that WISCO has transferred from the agreement stage to the implementation stage by using Brazilian mine resources.

MMX, a subsidiary of Brazil EBX Group, owns Sudeste mine, Corumba mine and Minera mine in Minas Gerais, with a total resource of more than 3 billion tons and an annual production capacity of 10.7 million tons. WISCO signed a cooperation agreement with EBX Company on November 30 last year, in which WISCO subscribed for the shares of MMX Company and obtained the long-term iron ore product rights and interests of the company. WISCO contributed about 400 million US dollars to subscribe for 101.7 million shares newly issued by MMX, accounting for 21.52% of the total equity of MMX after the capital increase and share expansion, becoming its second largest shareholder, and won two director seats of MMX, and sent three members of the technical committee to participate in the technical and operational management of MMX.