The board of directors of Peking University Resources (Holdings) Company Limited announced that Mr. Ning Rui ("Mr. Ning") resigned as an independent non-executive director of the Company with effect from 8 December 2021 due to personal reasons. Mr. Ning has confirmed to the Company that he has no claim whatsoever against the Company for fees, compensation for loss of office, remuneration, severance payments, etc. nor disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board further announced that following the resignation of Mr. Ning, with effect from 8 December 2021, he also resigned as a member of the Audit Committee and Nomination Committee and Mr. Hua Yichun, an independent non-executive director of the Company, has been appointed as a member of the Audit Committee and Nomination Committee.