The board of directors of Rosan Resources Holdings Limited announced that Mr. Jiang Xiaohui has tendered his resignation as independent non-executive director of the company with effect from June 15, 2018. Mr. Jiang resigned due to he needs to devote more time on his personal career development. The resignation of Mr. Jiang with effect from June 15, 2018, Mr. Jiang will cease to act as a member of each of the audit committee, remuneration committee and nomination committee of the company. The Board hereby also announces that Mr. Li Xiangfei and Mr. Sun Shusheng have been appointed as executive directors of the Company with effect from June 15, 2018. In recent years, Mr. Li has focus on the development of green economy and has been engaged as a chief operation officer of a ski and resort development company in China.