The board of directors of Zhaojin Mining Industry Company Limited announced that, Mr. Kong Fanhe resigned as a non-executive director of the Company as a result of reallocation of work, with effect from March 20, 2015. The Board also appointed Mr. Wu Yijian as a non-executive director of the Company, with effect from March 20, 2015. Mr. Wu Yijian is currently the vice president of Shanghai Yuyuan Tourist Mart Co.

Ltd. Mr. Wu has served as assistant to the president of Shanghai Fosun Pharmaceutical (Group) Co., Ltd, general manager of Shanghai Fosun Pharmaceuticals Investment Co., Ltd, general manager of Shanghai Fosun Pharmaceuticals Co. Ltd. and general manager of Shanghai Fumei Yixing Drug Store Chain Co. Ltd. The Board also announced that, Mr. Cong Jianmao has been re-designated from non-executive director to executive director as a result of reallocation of work, with effect from March 20, 2015.

Mr. Cong is currently an executive director and the deputy secretary of the Party Committee of the Company. Mr. Cong has been the section chief of the Planning and Finance Section of Zhaoyuan Municipal Commerce Bureau, the chairman of the supervisory committee of Zhaoyuan City State-owned Assets Operation Company Limited, the chairman of the supervisory committee of Zhaojin Group and also the deputy director of Zhaoyuan Municipal Finance Bureau. Mr. Cong has been a non-executive director of the Company since December 2005, and became an executive director of the Company since March 20, 2015.