The board of directors of China Rare Earth Holdings Limited announced that, Mr. Dou Xuehong has been appointed as an independent non-executive Director, the chairman of the remuneration committee of the Company and a member of each of the audit committee and the nomination committee of the Company, with effect from 1 April 2021. The Board announced that, Mr. Huang Chunhua, being an existing independent non-executive Director, the chairman of the Remuneration Committee, and a member of the Audit Committee and the Nomination Committee, was redesignated from (i) a member of the Audit Committee to the chairman of the Audit Committee; and (ii) the chairman of the Remuneration Committee to a member of the Remuneration Committee, with effect from 1 April 2021.