Xinjiang Xinxin Mining Industry Co., Ltd. at its board of directors meeting held on February 29, 2024, announced that, following the resignation of Mr. Qi as a general manager of the Company, the Board has also considered and approved at the Board Meeting, among other things, the resolutions of appointing Mr. Chen Yin as the general manager of the Company with effect from 29 February 2024 to 13 October 2026 (the date of expiry of the term of the seventh session of the Board). Mr. Chen Yin, aged 37, studied at Jiangxi University of Science and Technology, majoring in mining engineering, from September 2005 to July 2009. Mr. Chen has considerable working experience in the non-ferrous metals industry in Xinjiang, both in terms of the relevant technical expertise and corporate management.

Mr. Chen started his career with the Xinjiang Kalatongke Mining Industry Company Limited* immediately after his graduation from university. From July 2009 to June 2012, Mr. Chen served various positions in Xinjiang Kalatongke, including dispatcher, mining technician, technician and section chief, as well as head of the technical room and deputy head dispatcher. From June 2012 to May 2019, Mr. Chen served as deputy head, acting head and head of Mine 1 of Xinjiang Kalatongke.

Furthermore, during the period from May 2019 to January 2024, Mr. Chen served as deputy head engineer, member to the Party Committee and deputy general manager, as well as deputy secretary of the Party Committee and general manager of Xinjiang Kalatongke. From October 2023 up till the date hereof, Mr. Chen served as deputy general manager and chief engineer of the Company.