The board of directors of Nan Nan Resources Enterprise Limited and together with its subsidiaries, the (Group) announced that Mr. Xu Xiao Sheng has been appointed as an independent non- executive director of the Company and a member of the audit committee, the nomination committee and the remuneration committee of the company with effect from 14 July 2014. Mr. Xu currently is the Senior Investment Advisor of China Assets (Holdings) Limited and he has over 20 years' experience in investment and finance industry.