The board of directors of CITIC Resources Holdings Limited announced that, with effect from 18 April 2023, Mr. Sun Yufeng has resigned from the following positions, due to voluntary retirement to pursue his personal interest: chief executive officer of the Company; member of the remuneration committee of the Company and the risk management committee of the Company. Mr. Sun has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange. The Board also announced that, with effect from 18 April 2023, Mr. Hao Weibao has been appointed to the following positions: CEO; Authorised Representative; member of the Remuneration Committee and the Risk Management Committee.

Mr. Hao Weibao, aged 54, joined CITIC Limited and its subsidiaries since April 2008 and has been serving as general manager of CITIC Metal Group Co. Ltd. since April 2023, the parent company of CITIC Metal Co. Ltd. one of the first batch of listed companies in the main board registration system of the Shanghai and Shenzhen Stock Exchanges.

He served as the assistant to the general manager, subsequently as the deputy general manager and then as the general manager of CITIC Investment Holdings Limited between 2008 and 2015, during which period Mr. Hao also served as the general manager of CITIC Environment Protection Co. Ltd. He served as the party secretary, general manager of CITIC Environment Investment Group Co., Limited 2015 to 2023. Prior to joining the CITIC Group, Mr. Hao held several positions at Sinopec Engineering Incorporation from July 1992 to November 1997, and was mainly in charge of financial and project management.

Mr. Hao worked at China International United Petroleum and Chemical Company Limited as a director and the chief financial officer of the United Kingdom branch from December 1997 to April 2002, the deputy general manager of the UK Branch from April 2002 to June 2006, the deputy manager of the crude oil department of the head office from September 2005 to March 2007, the acting general manager of the UK Branch from June 2006 to February 2007, and the vice chief accountant of the head office from March 2007 to March 2008. During his employment at UNIPEC, he was mainly responsible for financial management, futures market operation and internal risk control. Mr. Hao has over 30 years' experience in overseas business management, financial management, investment and project management, international financing and international trade.

Upon joining the Group, Mr. Hao will be responsible for the strategic and corporate development, and the overall management and operations of the Group. Mr. Hao holds a Bachelor degree of Economics from Jiangxi University of Finance and Economics, a Masters in Business Administration degree from Chinese University of Hong Kong and a Doctor of Philosophy degree awarded by the University of Chinese Academy of Sciences.