The board of directors of MIE Holdings Corporation announced the appointments of Mr. DexterTak-Yin Tao as an executive director and chief financial officer of the company; and Mr. Andrew Sherwood Harper as an executive director, both with effect from July 19, 2013. Mr. Tao, aged 40, has been a veteran investment banker with extensive corporate finance and accounting experience. Mr. Harper, aged 61, has been the company's chief geologist and president of the company's international operations from 2001 to 2008 and rejoined the company on April 1, 2010 as the chief geologist.

As part of the realignment of senior management resources, Mr. Allen Mak has resigned as an executive director, the chief financial officer and the joint company secretary and Mr. Forrest Lee Dietrich has resigned as an executive director of the company with effect from July 19, 2013. Both Mr. Mak and Mr. Dietrich will remain as vice presidents of the company and continue to work for the company under new employment contracts for a term of 2.5 years and 3 years, respectively. In addition, upon Mr. Mak's resignation as the joint company secretary, Ms. Wong Sau Mei will act as the sole company secretary of the company.

Due to the resignation of Mr. Mak and Mr. Dietrich as executive directors, they will cease to act as the authorized representatives of the company with effect from July 19, 2013. The board further announced that Mr. Tao and Ms. Wong have been appointed as authorized representatives of the company with effect from July 19, 2013.