The board of directors of China Daye Non-Ferrous Metals Mining Limited announced that, with effect from 28 January 2022, Mr. Wang Yan ("Mr. Wang") has resigned as an executive Director, the chairman of the Board and the chairman of the nomination committee of the Company (the "Nomination Committee") due to his other business commitments. The Board announced that Mr. Xiao Shuxin ("Mr. Xiao"), an existing executive Director, has been appointed as the chairman of the Board and the chairman of the Nomination Committee with effect from 28 January 2022. Mr. Xiao Shuxin has been an executive director of the Company since 2021.

From September 1997 to October 2006, he served as a salesman of the import and export department 8 and department 6 and the deputy manager of the business division 2 of department 6 of China National Commercial Foreign Trade Corporation. Mr. Xiao, being an executive Director appointed by the Board after the preceding annual general meeting of the Company, shall retire at the upcoming annual general meeting of the Company (the "Annual General Meeting") and, being eligible, will offer himself for re-election at the Annual General Meeting. A resolution will be proposed at the Annual General Meeting for the re-election of Mr. Xiao.

The Board further announced that Mr. Wan Jun ("Mr. Wan") has been appointed as an executive Director with effect from 28 January 2022. From April 2017 to January 2021, Mr. Wan served as a director, general manager and member of the Party committee of Daye Non-ferrous Design and Research Institute Company Limited, and the chairman of the board from January 2021 to August 2021. He served as a member of the Party Committee of the Parent Company from July 2019 to August 2021, the deputy chief engineer from August 2019 to August 2021, concurrently served as the executive deputy commander of the headquarter of the 400,000 tonne project from January 2021 to August 2021, and served as a member of the Standing Committee of the Party Committee and deputy general manager since August 2021.