China Gold International Resources Corp. Ltd. announced that Mr. Liangyou Jiang has informed the Board that he is resigning as Executive Director, Chairman and Chief Executive Officer of the Company with effect from 27 October 2022. Mr. Jiang has served as the Company's CEO since 2018 and Chairman since 2020.

Previously Mr. Jiang served as General Manager, and later, as Chairman of Tibet Huatailong Mining Development Corp. Ltd. ("Huatailong"), the Company's wholly-owned subsidiary which owns the Jiama Copper Gold Poly-metallic Mine. Under Mr. Jiang's leadership, the Company achieved a number of key growth milestones.

The Company has achieved its best ever operation results, the financial performance of the Company has continued to improve, and the market capitalization has also risen substantially. The Company has proven to be a solid mining enterprise in terms of assets quality and growth potential. Mr. Jiang upheld and championed the Company's belief in value creation and returns to shareholders, making the Company's first dividend payment in its records for the fiscal year of 2020, winning the attention and recognition of the market.

The company appoint Mr. Junhu Tong, a current Director of the Company, as Chairman and CEO. Mr. Tong is re-designated from non-executive Director of the Company to executive Director of the Company with effect from 27 October 2022. Mr. Tong, aged 59, has over 30 years of experience in the mining sector, including experience in business development, merger and acquisition, project management, technical advisory and management of mining operations.

Mr. Tong currently serves as General Manager of CNG HK since December 2021. Since July 2009, Mr. Tong has served in variety of senior executive roles with CNG with proven track records. Mr. Tong took a leading role or participated in successful acquisitions and transactions of over 5 large scale mining projects in Central Asia, Africa and China and serves as Chairman of one of those CNG-acquired projects to oversight its operation.

Prior to his joining CNG, Mr. Tong served as Director and management in several mining companies, and he has extensive experiences in directorial and senior management. Mr. Tong has intimate knowledge about the Company as a Director, he also has maintained good working relationships in mining industry, and with financial institutions and regulators both in China and internationally. Mr. Tong holds a Master's degree in Mining Engineering from Beijing Science and Technology University and Bachelor degree in Mining Engineering from Chongqing University.

Mr. Tong is a senior mining engineer accepted as Qualified Person (QP) as defined by Institute of Mining and Metallurgy, Australia.