The board of directors of China Nonferrous Mining Corporation Limited announced that Mr. Jinjun ZHANG ("Mr. Zhang") has resigned from the positions of the chairman of the Board ("Chairman of the Board"), an executive director of the Company ("Executive Director"), a member of the nomination committee ("Nomination Committee"), a member of the remuneration committee ("Remuneration Committee"), the chairman of the compliance committee ("Chairman of the Compliance Committee") under the Board and the authorised representative of the Company ("Authorised Representative") as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") with effect from 13 October 2022 due to personal work adjustment. The Board is also announced that, Mr. He YANG ("Mr. Yang") has been appointed as the Chairman of the Board, an Executive Director and the Authorised Representative with effect from 13 October 2022. Mr. He YANG, aged 41, obtained a bachelor's degree in financial management from the University of International Business and Economics in 2003 and a master's degree in finance from the Central University of Finance and Economics in 2007.

Mr. Yang has been the head of the enterprise development department of China Nonferrous Metal Mining (Group) Co. Ltd. ("CNMC", a controlling shareholder of the Company) since February 2022 and the chairman of the board of directors of China Nonferrous Mining Development Limited (a wholly-owned subsidiary of CNMC) since October 2022. He successively held management positions including the deputy director and director of the business management office of the enterprise development department and the deputy head of the enterprise development department of CNMC, the director of China Nonferrous Mining Hong Kong Investment Limited (a subsidiary of the Company), the deputy general manager of (CNMC Development & Investment Co.

Ltd.) and the general manager of CNMC Ningxia Orient Group Co. Ltd. Mr. Yang has over 15 years of experience in corporate management and is a senior economist. Change in composition of board committee: Since Mr. Zhang has resigned as a member of the Nomination Committee, a member of the Remuneration Committee and the Chairman of the Compliance Committee with effect from 13 October 2022, Mr. Yang was appointed as a member of the Nomination Committee, a member of the Remuneration Committee and the Chairman of the Compliance Committee on and with effect from the same date.