Xinjiang Xinxin Mining Industry : ANNOUNCEMENT - PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR AND CHANGE OF MEMBERS OF THE REMUNERATION AND REVIEW COMMITTEE

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Xinjiang Xinxin Mining Industry Co., Ltd.*

อᖛอ㒥ᘤٰุ΅Ϟࠢʮ̡

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock code: 3833)

ANNOUNCEMENT

PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

AND

CHANGE OF MEMBERS OF THE REMUNERATION AND

REVIEW COMMITTEE

PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

The Board hereby announces that at the meeting of the Board held on 26 March 2021, the Board considered and approved, among other things, the resolutions of recommending Mr. Yu Wenjiang ("Mr. Yu") for election as an executive director of the Company at the forthcoming AGM for a term commencing on 11 June 2021 (i.e. the date of the AGM) and ending on 13 October 2023, being the expiry of the term of the current session of the Board.

CHANGE OF MEMBERS OF THE REMUNERATION AND REVIEW COMMITTEE

The Board hereby announces that with effect from 26 March 2021, Mr. Qi Xinhui would cease to be a member of the Remuneration and Review Committee and Mr. Guo Quan was appointed as a member of the Remuneration and Review Committee. Following such changes, the members of the Remuneration and Review Committee are Mr. Zhou Chuanyou, Mr. Guo Quan, Mr. Hu Benyuan, Mr. Wang Qingming and Mr. Lee Tao Wai, with Mr. Hu Benyuan being the chairman of the Remuneration and Review Committee.

PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

The Board hereby announces that at the meeting of the Board held on 26 March 2021, the Board has considered and approved, among other things, the resolutions of recommending Mr. Yu Wenjiang ("Mr. Yu") for election as an executive director of the Company at the forthcoming AGM for a term commencing on 11 June 2021 (i.e. the date of the AGM) and ending on 13 October 2023, being the expiry of the term of the current session of the Board.

The biographical details of Mr. Yu are as follows:

Mr. Yu Wenjiang ( ɲ˖Ϫ ), aged 56, has served as the secretary to the Party Committee of the Company since December 2020 and the deputy general manager of the Company since 6 January 2021. Mr. Yu studied in Keketuohai Technical College ( ̙̙ϖऎҦʈ ኪࣧ ) from 1980 to 1982, majoring in mining, and studied in North China University of Technology ( ̏˙ʈุɽኪ ) from 1994 to 1997, majoring in economics and trading. Mr. Yu served as a mining technician in the second mine of Xinjiang Keketuohai Mine Bureau ( อᖛ̙̙ϖऎᘤਕ҅ ) from 1982 to 1985, successively served as a mining technician, chief of workshop, head of labours, manager of sales department, chief of operating management department, head and vice mining head of refractory material plant in Hatu Gold Mine* ( ۞ྡږᘤ ) of Xinjiang Non-ferrous from 1985 to May 2012, served as the general manager of The Western Gold Hami Gold Mine Co., Ltd. ( Г௅රږ۞੗ ږᘤϞࠢப΂ʮ̡ ), a wholly-owned subsidiary of Western Gold Co., Ltd. ( Г௅ර ږٰ΅Ϟࠢʮ̡ ) (Stock Code: 601069) from June 2012 to March 2016, served as the general manager of Western Gold Karamay Hatu Gold Mine Co., Ltd.* ( Г௅රږдז ီԱ۞ྡږᘤϞࠢப΂ʮ̡ ), a wholly-owned subsidiary of Western Gold Co., Ltd. (Stock Code: 601069) from March 2016 to March 2017. Mr. Yu also served as the deputy secretary to the Party Committee and the secretary to the Disciplinary Committee of the Company from April 2017 to May 2019 and an employee's representative supervisor and the chairman of the Supervisory Committee of the Company from October 2017 to October 2020. Mr. Yu served as the secretary to the Party Committee and the chairman of Xinjiang Wuxin Copper Co., Ltd. from June 2019 to November 2020.

Further details will be made by the Company in relation to the proposed appointment of Mr. Yu as an executive Director in the circular in respect of the forthcoming AGM.

CHANGE OF MEMBERS OF THE REMUNERATION AND REVIEW COMMITTEE

The Board hereby announces that with effect from 26 March 2021, Mr. Qi Xinhui would cease to be a member of the Remuneration and Review Committee and Mr.

Guo Quan was appointed as a member of the Remuneration and Review Committee.

Following such changes, the members of the Remuneration and Review Committee are Mr. Zhou Chuanyou, Mr. Guo Quan, Mr. Hu Benyuan, Mr. Wang Qingming and Mr. Lee Tao Wai, with Mr. Hu Benyuan being the chairman of the Remuneration and Review Committee.

DEFINITIONS

In this announcement, the following terms have the following meanings:

"AGM"	the annual general meeting of 2020 of the Company
proposed to be held on 11 June 2021, including any
adjournment thereof
"Board" or "Board of	the board of directors of the Company
Directors"
"Company"	Xinjiang Xinxin Mining Industry Co., Ltd.* ( อᖛอ㒥
ᘤٰุ΅Ϟࠢʮ̡ ), a joint stock limited company
incorporated in the PRC with limited liability, the H
Shares of which are listed on the Stock Exchange
"Director(s)"	one or all of the director(s) of the Company
"Group"	the Company and its subsidiaries
"Hong Kong"	the Hong Kong Special Administrative Region of the
People's Republic of China
"PRC"	the People's Republic of China (for the purpose of this
announcement, excluding Hong Kong, Taiwan and the
Macau Special Administrative Region of the PRC)
"RMB"	Renminbi, the lawful currency of the PRC
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"%"	per cent.

By order of the Board

Xinjiang Xinxin Mining Industry Co., Ltd.*

Li Zhenzhen, Lam Cheuk Fai

Joint Company Secretaries

Xinjiang, the PRC, 26 March 2021

As at the date of this announcement, the executive Director is Mr. Qi Xinhui; the non-executive Directors are Mr. Zhang Guohua, Mr. Zhou Chuanyou, Mr. Guo Quan and Mr. Hu Chengye; and the independent non-executive Directors are Mr. Hu Benyuan, Mr. Wang Qingming and Mr. Lee Tao Wai.

* For identification purposes only