Xinjiang Xinxin Mining Industry : ANNOUNCEMENT - RESIGNATION OF SUPERVISOR

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Xinjiang Xinxin Mining Industry Co., Ltd.*

新 疆 新 鑫 礦 業 股 份 有 限 公 司

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

(Stock code: 3833)

ANNOUNCEMENT

RESIGNATION OF SUPERVISOR

The board (the "Board") of directors of Xinjiang Xinxin Mining Industry Co., Ltd.* (the "Company") announces that on 1 April 2021, Ms. Chen Rong has tendered her resignation as the shareholders' representative supervisor of the sixth session of the supervisory committee of the Company (the "Supervisory Committee") with effect from 11 June 2021, due to her other business commitments and as a result, she no longer has time to manage the supervisory role of the Company.

According to the articles of association of the Company (the "Articles"), the Supervisory Committee of the Company shall have at least five supervisors including one shareholders' representative supervisor. If a supervisor has resigned during the term of office, as a result of which the number of the members of the Supervisory Committee falls below the quorum, the former supervisor shall perform his/her duties as a supervisor, prior to the accession of the newly elected supervisor, in accordance with the laws, administrative regulations and the provisions of the Articles. Given that Ms. Chen Rong is the only shareholders' representative supervisor of the Company, in accordance with the provisions of the Articles, her resignation shall become effective upon the re-election and appointment of the new shareholders' representative supervisor at the forthcoming annual general meeting of the Company on 11 June 2021.

Further details of the candidate replacing Ms. Chen Rong as the new shareholders' representative supervisor of the Supervisory Committee will be made by the Company in the circular in respect of the forthcoming annual general meeting of the Company for consideration by the shareholders of the Compnay.

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Ms. Chen Rong has confirmed that she has no disagreement with the Board, nor is there any matter in relation to her resignation that should be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its sincere gratitude to Ms. Chen Rong for her contributions to the Company during the term of office.

By Order of the Board

Xinjiang Xinxin Mining Industry Co., Ltd.*

Li Zhen Zhen, Lam Cheuk Fai

Joint Company Secretaries

Xinjiang, the PRC, 1 April 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 purpose only

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