The board of directors Hengxing Gold Holding Company Limited of the Hengxing Gold Holding Company Limited announced that, due to personal reasons, Mr. Albert Fook Lau Ho will be re-designated from executive Director to non-executive Director of the company with effect from 1 June 2018; and Mr. Chen David Yu tendered his resignation as the President of the company and a member of the Nomination Committee with effect from 1 June 2018 but remains as an executive Director of the company. Ms. Yang Yifang (Lydia Yang) ("Ms. Yang") is appointed as an executive Director, president of the Company and a member of the Nomination Committee. Ms. Yang Yifang, aged 41, has extensive experience in global mining industry, focus on strategic planning, mergers & acquisitions, business development and management of public companies. Before joining its company, Ms. Yang was appointed as assistant to Chairman in Zijin Mining Group Co., Ltd, and was also assigned to various senior
management positions in the Group's affiliates in China, Hong Kong, Canada, UK and Peru. During this period, she was the manager director of Gold Mountains (HK) International Mining Co., the executive chairman of Xiamen Zijin Tongguan Investment Development Co. Ltd. and the president of Rio Blanco Copper S.A. During 2011 to 2013, she was the executive director and CEO of CST Mining Group. Mr. Ke Jiaqi is appointed as an executive Director of the company. Mr. Ke Jiaqi, aged 28, he was appointed as a Director and Vice President of Xiamen Hengxing Group Co. Ltd. in 2014 and takes charge of investment business of Xiamen Hengxing Group Co. Ltd. from 2017. Mr. Ke is the son of Mr. Ke Xiping, the Chairman of the company. Dr. Pan Guocheng is appointed as an independent Director of the company, Chairman of the Remuneration Committee and a member of Audit Committee. Dr. Pan Guocheng, aged 61, he was appointed as an executive Director, CEO and President in China Hanking Holdings Limited from September 2011 to March 2018. Dr. Pan is a non-executive Director in Hanking Holdings and vice chairman in Hanking Industrial Group Ltd. Before joining Hanking Group, Mr. Pan held technical and management positions in several mining companies, including Director of technical development department at AngloGold North America, President of GeoSight Inc. and General Manager of the China region of Gold Fields (BVI) Ltd. Mr. Xiao Wei tendered his resignation as an independent non-executive Director, Chairman of the Remuneration Committee and a member of Audit Committee due to personal reasons with effect from 1 June 2018. Mr. Chen David Yu tendered his resignation as the President of the company and a member of the Nomination Committee but remains as an executive Director of the company.