The board (the "Board") of directors (the "Directors") of China Daye Non-Ferrous Metals Mining Limited (the "Company", together with its subsidiaries, the "Group") announces that Mr. Wang Guoqi ("Mr. Wang") has submitted a retirement application to the company to resign as an independent non-executive Director with effect from 31 March 2023 upon the conclusion of the meeting of the Board due to reaching the retirement age. Upon his resignation as an independent non-executive Director, Mr. Wang also ceased to be the chairman of each of the audit committee and the remuneration committee, and a member of the nomination committee of the Company. Mr. Wang has confirmed that he has no disagreement with the Board and there is no matter regarding his resignation that needs to be brought to the attention of the shareholders of the Company (the "Shareholders").

The Board also announces that, with effect from 31 March 2023, Ms. Liu Fang ("Ms. Liu") has been appointed as an independent non-executive Director and also as the chairman of each of the audit committee and the remuneration committee of the Company, and a member of the nomination committee of the Company in accordance with the Board Diversity Policy of the Company. Liu Fang, aged 48, graduated from the Renmin University of China in 2001 with a major in accounting, and graduated from the Australian National University (Tsinghua University Cooperation Program) in 2015 with a master's degree in management, and is a certified public accountant in China. She worked at Coopers & Lybrand China from 1994 to 1997 as a training assistant.

She worked at the audit department of Russell Bedford Hua-Ander in Beijing (a member firm of Russell Bedford International in China) in 1997 and served as a partner in 2008 and the lead partner in 2023. In 2009, she was sent by the firm to work at the San Jose office of its US partner, TRUE PARTNER CONSULTING, on an exchange program to learn US accounting standards and taxation, and subsequently worked with it to conduct M&A tax due diligence and tax consulting businesses. From 2010 to 2016, she served as an independent director of Jiawei Renewable Energy Co.

Ltd. She has more than 20 years of audit experience and is proficient in the theoretical knowledge of finance, taxation, and auditing, and has accumulated extensive audit practice experience in various industries. She has extensive experience in statutory audit, international standard audit, due diligence, management consulting and tax consulting, and has led and participated in numerous auditing and consulting projects. She is familiar with and specializes in the manufacturing, pharmaceutical, service, high-tech and other industries, providing audit and consulting services to state-owned enterprises, foreign-invested enterprises and private enterprises.