South Manganese Investment Limited announced that Mr. Lyu Yanzheng has resigned from his position as a non-executive Director of the Company due to the decision of CITIC Metal Group Limited not
to delegate director to the Company and therefore Mr. Lyu tendered his resignation as non-executive director of the Company and director of its subsidiaries with effect from 30 November 2022. Mr. Lyu has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company.