The board of directors of Feishang Anthracite Resources Limited announced that Mr. Han Weibing has resigned as an executive Director, the chairman of the Board and the chief executive officer of the Company, due to health issues, and that Mr. Wang Weidong has resigned as an executive Director and the deputy chairman of the Board due to other business and personal commitments. The above resignations will take effect from 12 January 2024. The Board further announces that Mr. Wang Xinhua was appointed as an executive Director and the chairman of the Board, and that Mr. Fu Jiangen was appointed as an executive Director, all with effect from 12 January 2024.

The biographical details of Mr. Wang and Mr. Fu are set out as follows: Mr. Wang Xinhua Mr. Wang Xinhua, aged 62, has approximately 40 years of experience in the coal industry. He was vice-chairman of Guizhou Yongfu Mining Co. Ltd. from March 2021 to January 2024, primarily responsible for overseeing the production safety and operation and management of Yongsheng Coal Mine.

He was senior adviser of Guizhou Puxin Energy Co. Ltd. from March 2019 to December 2020, responsible for the management of investment legal affairs and mineral rights management. He was assistant general manager of Guizhou Puxin Energy Co.

Ltd. from March 2014 to February 2019, assisting the general manager in the management of mine operations in the Jinsha region. He served as general manager of Guizhou Yongfu Mining Co. Ltd. from January 2011 to February 2014 and was responsible for the mine management of Yongsheng Coal Mine.

Mr. Wang has not held any directorship in any publicly-listed companies in the past three years. Mr. Wang graduated from Huainan Mining Institute in July 1983 with a professional certificate in coal mining engineering. He was certified as a senior engineer by the Zhejiang Provincial Department of Personnel in December 1995.

Mr. Fu Jiangen Mr. Fu Jiangen, aged 54, has over 30 years' experience in auditing and financial management. He has been the financial controller of Guizhou Puxin Energy Co. Ltd. since September 2023, responsible for financial and accounting matter.

From October 2020 to September 2023, Mr. Fu was financial controller of Shanghai Onway Environmental Development Co. Ltd., responsible for financial and accounting matter. He was deputy general manager of the strategic management department of Feishang Enterprise Group Co.

Ltd. from June 2018 to September 2020, responsible for operation management. From June 2017 to May 2018, he served as financial controller of Guangyao Ecological Construction Group Co. Ltd., responsible for financial and accounting matter.

From August 2014 to May 2017, he served as financial controller of Mingzhe Group Co. Ltd., responsible for financial and accounting matter. He served as deputy general manager of the audit department and operation management centre of Feishang Enterprise Group Co.

Ltd. from June 2006 to July 2014, responsible for internal audit and operation management. Mr. Fu was chairman of the supervisors of Anhui Xinke New Materials Co. Ltd., from December 2010 to June 2011.

He was also a supervisor of Sundiro Holding Co. Ltd. from April 2007 to June 2011. Save as disclosed above, Mr. Fu has not held any directorship in other publicly-listed companies in the past three years.

Mr. Fu graduated from Shanghai Institute of Building Materials Industry in July 1991 with a professional certificate in financial accounting, and from Hong Kong Baptist University in November 2013 with a master's degree in business administration. He obtained the Chinese Certified Public Accountant qualification in April 1997 and the international internal auditor qualification from the China Institute of Internal Auditors in November 2005. Following the resignation of Mr. Han, he has also ceased to act as a member of the ESG committee and a member of the remuneration committee of the Board.

Mr. Wang was appointed as a member of the ESG committee and a member of the remuneration committee of the Board with effect from 12 January 2024.