Grand T G Gold Holdings Limited board announced that, with effect from 24 February 2016: Mr. Feng Jun has been appointed as an executive director; Dr. Li Dahong has been appointed as an executive director; Mr. Jiang Zhiyong has been appointed as an executive director; Mr. Jiang Quanming has been appointed as an independent non-executive director; Mr. Jiao Zhi will resign as an independent non-executive director, member of the audit committee, remuneration committee and nomination committee of the company. Mr. Jiao Zhi will resign as an independent non-executive director, member of the audit committee, remuneration committee and nomination committee of the company upon the completion of the resignation procedure. The appointments are part of the plan for strengthening the internal control of the company, which will also include changes of legal representatives and board of directors of the company's subsidiaries SSC Sino Gold Mining Investment Company Limited and Tongguan Taizhou Mining Company Ltd. The respective changes in the legal representatives and board of directors of the subsidiaries are in progress and will be completed as soon as possible.