Energy Metals Limited announced that due to personal and other business commitments, Mr. Shuqing Xiao, has stepped down his role as Managing Director, with effect from today. Mr. Xiao will remain on the Board as a Non-Executive Director. The Board would like to thank Mr. Xiao for his effort and support in the past years and wishes him the best in his future endeavours.

Following Mr. Xiao's resignation as Managing Director, EME announced that Mr. Shubiao Tao be appointed the Company's Chief Executive Officer, effective 12 June 2023. Mr. Tao has rich knowledge and more than 20 years' experience in the energy industry. He holds a Bachelor degree of Arts and specialises in supply chain management, and capital and investment management.

He started his career as a procurement engineer in China Petroleum Pipeline Material & Equipment Corporation in 2003, a major subsidiary of China National Petroleum Corporation. He joined CGN Uranium Resources Co. Ltd. ("CGNPC-URC") in 2010 as a procurement manager and was promoted to senior manager in 2011.

In the past four years, Mr. Tao was the vice director of Capital Operation Department in CGNPC-URC.