The Board of China Molybdenum Co., Ltd. announced that, on 4 August 2018 the Board held its first meeting and unanimously resolved that the Audit Committee, the Nomination Committee and the Strategic Committee of the Board have been renamed as the Audit and Risk Committee, Nomination and Governance Committee and Strategic and Sustainability Committee of the Board respectively, with effect from 4 August 2018. In light of the election or re-election of the new session of the Board, the composition of each of the Audit and Risk Committee, Nomination and Governance Committee, Remuneration Committee and Strategic and Sustainability Committee of the Board are resolved and determined as follows, until the date of the 2020 annual general meeting of the Company to be held in 2021: Audit and Risk Committee comprises the following Directors: Mr. Li Shuhua (independent non-executive Director) (Chairman), Ms. Yan Ye (independent non-executive Director), Mr. Yuan Honglin (non-executive Director). Nomination and Governance Committee comprises the following Directors: Mr. Wang Gerry Yougui (independent non-executive Director) (Chairman), Mr. Li Chaochun (executive Director) (Vice Chairman), Ms. Yan Ye (independent non-executive Director) and Mr. Li Shuhua (independent non-executive Director).

Remuneration Committee comprises the following Directors: Mr. Wang Gerry Yougui (independent non-executive Director) (Chairman), Mr. Li Shuhua (independent non-executive Director), Mr. Yuan Honglin (non-executive Director). Strategic and Sustainability Committee comprises the following Directors: Mr. Li Chaochun (executive Director) (Chairman), Mr. Wang Gerry Yougui (independent non-executive Director), Mr. Li Faben (executive Director) and Mr. Yuan Honglin (non-executive Director). The company engaged Mr. Wang Gerry Yougui, Ms. Yan Ye and Mr. Li Shuhua as new independent non-executive Directors.

In particular, Mr. Wang Gerry Yougui, who has long served as the chairman and chief executive officer of a large-scale multinational corporation listed on the New York Stock Exchange with extensive experience in international operation management and corporate governance, is appointed to be the chairman of the Nomination and Governance Committee, the chairman of the Remuneration Committee, and a member of the Strategic and Sustainability Committee of the Board. Ms. Yan Ye, who has been engaged in teaching and practice of law, with solid expertise in law, is appointed to be a member of the Audit and Risk Committee and the Nomination and Governance Committee of the Board, respectively. Mr. Li Shuhua, who has years of experience in accounting supervision, as well as management and control of risks in financial industry, with solid expertise in accounting, is appointed to be the chairman of the Audit and Risk Committee, a member of the Nomination and Governance Committee and a member of the Remuneration Committee of the Board.

The Board announced that, on 4 August 2018 the Supervisory Committee held its first meeting and Ms. Kou Youmin, a non-employee representative Supervisor, has been appointed as the chairman of the Supervisory Committee, until the date of the 2020 annual general meeting of the Company to be held in 2021. The Board announced that, on 4 August 2018 the Board held its first meeting and it is resolved the composition of the Investment Committee of the Company as follows, until the date of the 2020 annual general meeting of the Company to be held in 2021: Mr. Li Chaochun (executive Director) (Chairman), Mr. Li Faben (executive Director), Mr. Yuan Honglin (non-executive Director), Ms. Wu Yiming (Deputy General Manager) and Mr. Yue Yuanbin (Joint Company Secretary). The Board announced that, on 4 August 2018 the Board held its first meeting and it is resolved to approve the nomination of Mr. Li Faben as the general manager of the Company made by the Nomination and Governance Committee of the Board, until the date of the 2020 annual general meeting of the Company to be held in 2021.

The Board announced that, on 4 August 2018 the Board held its first meeting and it is resolved to approve the following nomination of senior management of the Company made by Mr. Li Faben, the general manager of the Company, with effect from 4 August 2018 until the date of the 2020 annual general meeting of the Company to be held in 2021: Ms. Wu Yiming, as the deputy general manager and the chief financial officer; Mr. Wang Chun as the deputy general manager of technology and operation; Mr. Zhang Yi as the deputy general manager of administration and procurement; Ms. Qin Yan as the director of human resources; Mr. Peng Jinsong as the director of information technology; Ms. Xiao Feng as the general counsel; and Ms. Gu Meifeng as the chief accountant. The Board announced that, on 4 August 2018 the Board held its first meeting and it is resolved to approve the following nomination of the board secretary, joint company secretary and authorized representatives of the Company made by Mr. Li Chaochun, with effect from 4 August 2018 until the date of the 2020 annual general meeting of the Company to be held in 2021: Mr. Yue Yuanbin ("Mr. Yue"), remains as the board secretary; Mr. Yue, as the joint company secretary (acting jointly with the current company secretary, Ms. Ho Siu Pik ("Ms. Ho")); and Mr. Li Chaochun and Ms. Ho, remain as the authorized representatives and continue to act as the principal contacts between the Company and the Stock Exchange.