Century Global Commodities Corporation announced that Mr. Jianlong Yang has resigned from its Board of Directors. Mr. Yang has been a valuable member of Century?s Board of Directors, since nominated to the Board by WISCO International Resources Development & Investment Limited (WISCO), a member of the Baosteel Group, who is a strategic partner and major shareholder of the Company owning about 19.6% in the Company. The Board of Directors has appointed Mr. Kangle Zhao as Director of the Company to replace Mr. Yang on the Board.

Mr. Zhao has been appointed as nominee of WISCO under the WISCO Investment Agreement. Mr. Zhao currently serves as an investment manager of China Baowu Resources Co., LTD (?Baowu Resources?). He has worked for Baowu Resources for 4 years and has extensive experience in asset acquisitions, investment management, financial modeling and valuation.

He now focuses on equity investment in the areas of mining, base-metal trading and so on. Mr. Zhao graduated from the University of Science and Technology of China with a bachelor?s degree in finance, and from the City University of Hong Kong with a master?s degree in professional accounting and corporate governance.