The Board of China Resources Cement Holdings Limited announced that Mr. PAN Yonghong has tendered his resignation from the positions of the executive director of the Company, the Chief Executive Officer of the company and the member of the Executive Committee with effect from 22 September 2016; and Mr. JI Youhong has been appointed as an executive director of the Company, the Chief Executive Officer of the Company and a member of the Executive Committee with effect from 22 September 2016. The Board announced that with effect from 22 September 2016, Mr. JI Youhong has been appointed as an executive director of the Company, the Chief Executive Officer of the Company and a member of the Executive Committee. Mr. JI, joined the Group in October 2003 and had served various managerial positions of the Company including the general manager of various cement and concrete subsidiaries, the Marketing Controller from November 2008 to December 2012 and the Regional General Manager (Guangxi) from April 2012 to September 2016.

He currently serves as the director of various subsidiaries of the Company. Mr. JI is a senior engineer of building materials accredited by the Private Enterprise Senior Engineer Panel of Guangxi Zhuang Autonomous Region. He graduated from the Nanjing Industrial College, China with a bachelor's degree in engineering in 1985 and a master's degree in inorganic and non-metallic materials in 1988.

He has over 28 years of experience in construction materials engineering and marketing. He is currently the Chairman of the Guangxi Cement Association.