APAC Resources Limited board of directors announced that: Ms. Chong Sok Un has resigned as an executive Director; chairman of the Board; chairman of the nomination committee; and member of the remuneration committee of the company with effect from 1 March 2016 to allow her to devote more time to her personal commitments. Mr. Kong Muk Yin has resigned as an executive Director of the company with effect from 1 March 2016 due to his other business commitments. The board also announced that Mr. Arthur George Dew has been appointed as a non-executive Director; chairman of the Board; chairman of the Nomination Committee; and member of the Remuneration Committee and the audit committee of the company with effect from 1 March 2016.

Mr. Dew was admitted as a solicitor and later as a barrister of the Supreme Court of New South Wales, Australia. He is currently a non-practising barrister. He has a broad range of corporate and business experience and has served as a director, and in some instances chairman of the board of directors, of a number of public companies listed in Australia, Hong Kong and elsewhere.

He is currently the chairman and a non-executive director of each of Allied Group Limited and Allied Properties (H.K.) Limited; a non-executive director of SHK Hong Kong Industries Limited; the chairman and a non-executive director of Dragon Mining Limited; a non-executive director of Tanami Gold NL; and the non-executive chairman of PBD Developments Limited. The board announced that Mr. Wong Tai Chun, Mark has been appointed as an alternate Director to Mr. Dew with effect from 1 March 2016. Following the appointment of Mr. Wong as the Alternate Director, he has also been appointed an alternate to Mr. Dew as chairman of the Board; chairman of the Nomination Committee; and member of the Remuneration Committee and the Audit Committee with effect from 1 March 2016.

In addition to the changes to the compositions of the Nomination Committee, the Remuneration Committee and the Audit Committee as referred to above, Mr. Lee Seng Hui, a non-executive Director, will cease to be a member of the Nomination Committee, the Remuneration Committee and the Audit Committee with effect from 1 March 2016.