The board of directors of GCCP Resources Limited announced the following takes immediate effect: Mr. Loo An Swee has been re-designated from Executive Chairman to Executive Director of the Company. He remains as the Chief Executive Officer ("CEO") and Executive Director of the Company; Mr. Pay Cher Wee ("Mr Pay"), the Lead Independent Director of the Company, has been appointed as the Non-Executive Chairman of the Company. He remains as the Chairman of Audit Committee ("AC") and a member of the Nominating Committee ("NC") and the Remuneration Committee ("RC"); Mr. Teng Chang Yeow has resigned as an Independent Director of the Company. Following his resignation, Mr. Teng has ceased as the Chairman of the NC and a member of the AC and the RC. Mr. Yang Zheng, an Independent Director of the Company, has been appointed as the Chairman of the NC, in place of Mr. Teng. Mr. Yang remains as the Chairman of the RC and a member of the AC. Mr. Pang Kim Chon has resigned as the Chief Operating Officer ("COO") of the Company. Following his resignation, he has also been re-designated from Executive Director to Non-Independent Non-Executive Director of the Company, and appointed as a member of the AC, the NC and the RC. Mr. Loo Wooi Hong, an Executive Director of the Company, has been appointed as the Deputy Chief Executive Officer of the Company. Following his appointment, Mr. Loo has been re-designated as an Executive Director and Deputy CEO of the Company.