The Board of Kinetic Mines and Energy Limited announced that Mr. Gu Jianhua, due to health reasons, has tendered his resignation from his positions as an executive Director, the chief executive officer and the authorized representative of the Company with effect from 28 May 2020. The Board is also announced that Mr. Ju Wenzhong has been appointed as an executive Director, the chief executive officer and the authorized representative of the Company with effect from 28 May 2020. Mr. Ju is the executive vice president of the Group. Mr. Ju is fully responsible for the leadership in production and sales of the Group. He serves in important positions in various members of the Group, including the executive vice president of the Company, the chairman of Inner Mongolia Zhunge'er Kinetic Coal Limited and the chairman and general manager of Kinetic (Tianjin) Coal Co., Limited. Mr. Ju has joined the Group since September 2010 as the deputy general manager of Kinetic (Qinhuangdao) Energy Co., Limited and the deputy general manager of Inner Mongolia Zhunge'er Kinetic Coal Limited, mainly responsible for coal sales and external communication. Prior to joining the Group in September 2010, Mr. Ju served as senior management and director in several companies. He served as the deputy general manager and media sales director of Guangdong One Generation Advertising Co. Ltd. from January 2000 to December 2002, and was mainly responsible for media sales in Shenzhen and Guangzhou, China. In addition, Mr. Ju served as the general manager of Guangzhou Frasar Advertising Co. Ltd. from January 2003 to September 2006, and he was the general manager and executive director of Guangzhou Universal Networks Co. Ltd. from October 2006 to August 2010.