Stone Resources Australia Limited appointed Mr. Yong Han as Chief Executive Officer/Executive Director (Mr. Han) and Mr. Fang Lu as Executive Director (Mr. Lu) of the company (together, the New Directors). The appointment of Mr. Lu as Executive Director will be effective from January 24, 2014. Mr. Han will be appointed as Chief Executive Officer effective January 7, 2014, with his appointment as Executive Director to be made with Mr. Lu on January 24, 2014.

Before Mr. Yong Han appointment as Chief Executive Officer, he was the Executive Vice President of the Company and is responsible for the department of mining and production. Fang Lu joined the Stone Group (Group) in 1990. He became the Vice President of the group and its subsidiaries and was appointed to the board of the Group in 2000.

Mr. Lu is also the Vice President of Beijing Stone New Technology Industrial Company Limited and Beijing Stone Investment Co. Ltd.