The board of directors of Xingye Copper International Group Limited announced that Mr. Xie Shuisheng (Mr. Xie) has resigned as an independent non- executive director, the chairman of the nomination committee and a member of the audit committee of the company with effect from 24 April 2014 as he requires more time to pursue his other business engagements. Following the resignation of Mr. Xie, Mr. Chai Chaoming, an independent non-executive director of the company, was appointed as the chairman of the Nomination Committee with effect from April 24, 2014.