The board of directors of CGN Mining Company Limited announced the appointment of Mr. Liu Guanhua who is nominated by the Mixed-ownership Reform Fund, as a non-executive director of the Company and a member of the remuneration committee of the Board with effect from 19 July 2022. Mr. Liu, aged 39, is currently the managing director of the investment department of Chengtong Mixed Ownership Private Equity Fund Management Co. Ltd. mainly responsible for investment in new energy.

Chengtong Mixed Ownership is the manager of the Mixed-ownership Reform Fund, which is a national fund approved by the State Council of the People's Republic of China and a 9.99% shareholder of the Company as at the date of this announcement. Mr. Liu has also been a director of Shanghai Jie-Hydrogen Technology Co. Ltd. since September 2021, and a director of Beijing Micro-structure Workshop Biotechnology Co.

Ltd. and Zhejiang Hancheng Technology Co. Ltd. since December 2021. Prior to joining Chengtong Mixed Ownership in February 2021, Mr. Liu served as (i) the general manager of the strategic management department of Inner Mongolia Junzheng Energy and Chemical Group Co.

Ltd. mainly responsible for strategic planning, chemical energy and new materials investment and acquisition, and strategic business expansion, between 2018 and 2021, (ii) involved in the commercialisation of cleaning technology in a company invested by Chinese Academy of Sciences between 2012 and 2017 and (iii) served as a senior researcher on catalyst materials at Johnson Matthey PLC between 2010 and 2012. Mr. Liu graduated from the Central South University with a bachelor of science degree in June 2005. Mr. Liu further obtained a Master of Science degree in advanced chemical engineering with biotechnology and a PhD degree from the Imperial College of Secience, Technology and Medicine in November 2006 and August 2010, respectively.

Mr. Liu was accredited as a senior engineer in chemistry by Chinese Academy of Sciences in 2013 and a chartered financial analyst by the CFA Institute in 2017. There is no fixed term for Mr. Liu's appointment as a non-executive director of the Company but Mr. Liu is subject to the retirement and re-election requirements under the articles of association of the Company.