The board of directors of Xingye Copper International Group Ltd. announced that Mr. HE Changming has resigned as an independent non-executive director, member of the audit committee and remuneration committee of the company with effect from June 22, 2012 as Mr. HE requires more time for devotion into his other business. Mr. HE confirmed that he has no disagreement with the Board in any respects and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited. The Board would like to take this opportunity to express its appreciation and gratitude to Mr. HE for his valuable contributions to the company during his tenure of service.