Xinjiang Xinxin Mining Industry : ANNOUNCEMENT - RESIGNATION OF NON-EXECUTIVE DIRECTOR

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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 NON-EXECUTIVE DIRECTOR

The board (the "Board") of directors of Xinjiang Xinxin Mining Industry Co., Ltd. (the "Company") announces that Mr. Shi Wenfeng has resigned as a non-executive Director of the Company and a member of strategy and development committee of the Board with effect from 29 November 2019 due to his other business commitment.

Mr. Shi Wenfeng has confirmed that he has no disagreement with the Board, nor is there any matter in relation to his resignation that should be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to thank Mr. Shi Wenfeng for his contributions during the term of office.

By Order of the Board

Xinjiang Xinxin Mining Industry Co., Ltd.*

Zhang Junjie, Lam Cheuk Fai

Company Secretaries

Xinjiang, the PRC, 29 November 2019

As at the date of this announcement, the executive Directors are Mr. Guo Quan and Mr. Liu Jun; the non-executive Directors are Mr. Zhang Guohua, Mr. Zhou Chuanyou and Mr. Hu Chengye; and the independent non-executive Directors are Mr. Hu Benyuan, Mr. Wang Lijin and Mr. Wong Yik Chung John.

• For identification purpose only