The board of directors of North Mining Shares Company Limited announced that with effect from 30 June 2020, Mr. Yeung Yat Chuen ("Mr. Yeung") has resigned as an independent non-executive director of the Company (the "Director"), a member of the audit committee (the "Audit Committee") and the chairman of the remuneration committee of the Board (the "Remuneration Committee") due to his desire to devote more time to his other business commitments. Mr. Yeung has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. Mr. Yeung will not hold any position in the Company or its subsidiaries upon his resignation. The Board further announced that with effect from 30 June 2020: Immediately after the resignation of Mr. Yeung as an independent non-executive Director, he ceased to be a member of the Audit Committee and the chairman of the Remuneration Committee; and Mr. Zhao Jian, an executive Director, has been appointed as the chairman of the Remuneration Committee.