The Board of Feishang Anthracite Resources Limited announced that Mr. LI Feilie, who remains as the chairman and executive Director of the company, has stepped down from his position as the chief executive officer with immediate effect; and Mr. HAN Weibing, the former chief operating officer of the company, has been appointed as the chief executive officer of the company with immediate effect. Mr. Han, has been the executive Director since December 2013. Mr. Han was the chief operating officer of the Company and was appointed as the chief executive officer of the company on March 29, 2016.

He is also a member of the corporate social responsibility committee and remuneration committee of the Company. Mr. Han is primarily responsible for overseeing the day-to-day management and operations of the Group. Mr. Han has served as the vice president of the coal division of CHNR, a director and the chairman of the board of directors of Guizhou Puxin and Guizhou Yongfu Mining Co., Limited, subsidiaries of the Company, since January 2012, taking charge of the development and management of their coal mining related business.

He has also served as a director of Jinsha Juli Energy Co. Ltd., a subsidiary of the Company, since November 2012. He was the general manager and the vice president of the human resources department of Feishang Enterprise Group Co.

Ltd. from March 2009 to March 2012, and he also served as the assistant president of Feishang Enterprise from February 2010 to February 2011. From August 1995 to March 2007, Mr. Han served as the deputy manager of the human resources department of a multinational logistics equipment manufacturing company listed on the Shenzhen Stock Exchange.