Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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

APPOINTMENT OF GENERAL MANAGER

The Board is pleased to announce that Mr. Liu Jun has been appointed as a general manager of the Company with effect from 11 December 2019.

APPOINTMENT OF GENERAL MANAGER

The board of directors (the "Board") of Xinjiang Xinxin Mining Industry Co., Ltd. (the "Company") is pleased to announce that Mr. Liu Jun, an executive Director and the deputy general manager of the Company has been appointed as a general manager of the Company with effect from 11 December 2019 and until 13 October 2020, i.e. the date on which the term of the fifth session of the Board expires. Mr. Liu Jun simultaneously ceased to be the deputy general manager of the Company with effect from 11 December 2019.

Mr. Liu Jun, aged 54, has been an executive director and deputy general manager of the Company since October 2017. From September 1983 to July 1987, he studied at Kunming University of Science and Technology ( 昆 明 理 工 大 學), majoring in mining engineering, and obtained a Bachelor's degree. Mr. Liu has accumulated over 32 years of relevant professional techniques and corporate management experience in non-ferrous metal industry in Xinjiang. From May 1991 to August 2005, he successively served as the deputy head of the mining workshop, the head of production and technical division, the deputy chief engineer, the chief engineer and the deputy head of Kalatongke Nickel-Copper Mine* ( 喀 拉 通 克 銅 鎳 礦). From September 2005 to August 2008, Mr. Liu served as an executive director and the deputy general manager of the Company, and the head of Kalatongke nickel-copper mine. He served as an executive director and the deputy general manager of the Company from September 2008 to January 2014, a director and the general manager of Xinjiang Asia-Europe Rare Metals Co. Ltd.* ( 新 疆 亞 歐 稀 有 金 屬 股 份 有 限 公 司) from February

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2014 to March 2015, and the chief engineer of the Company from March 2015 to October 2017. Mr. Liu has also served as the secretary to the Party Committee of the Company since July 2017. Considering Mr. Liu's contribution to nickel matte blowing and recovering processing and industrialised production, he received a scientific and technological progress second prize from the People's Government of Xinjiang in 2004.

Three years preceding to the date of this announcement to present, Mr. Liu also acts as the director, chairman and general manager of certain subsidiaries of the Company, namely, chairman of Xinjiang Kalatongke Mining Industry Company Limited and Xinjiang Yakesi Resources Co., Ltd., director of Xinjiang Zhongxin Mining Industry Co., Ltd., director and general manager of Shaanxi Xinxin Mining Co., Ltd., and director of Xinjiang Mengxi Mining Co., Ltd.

Save as disclosed above, in the three years preceding the date of this announcement, Mr. Liu did not hold any other positions with the Company or its subsidiaries or any directorship in other listed public companies or have any other major appointments.

Mr. Liu's remuneration as the general manager of the Company is determined in accordance with the remuneration passed in the extraordinary general meeting of the Company in 2017 in relation to his appointment as an executive director of the fifth session of the Board, and the remuneration policy of the senior management of the Company approved by the Board. There will not be any director's remuneration payable by the Company to Mr. Liu and the remuneration payable to Mr. Liu by the Company shall be determined in accordance with the remuneration standard and payment procedures in respect of the general manager position.

As at the date of this announcement, Mr. Liu does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Mr. Liu does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company.

Mr. Liu has not been involved in any of the matters as mentioned under Rules 13.51(2)

  1. to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there are no other matters in relation to Mr. Liu that need to be brought to the attention of the shareholders of the Company.

By Order of the Board

Xinjiang Xinxin Mining Industry Co., Ltd.*

Lam Cheuk Fai, Zhang Junjie

Joint Company Secretaries

Xinjiang, the PRC, 11 December 2019

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

  • For identification purpose only

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Xinjiang Xinxin Mining Industry Co. Ltd. published this content on 11 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2019 22:10:01 UTC