Zhaojin Mining Industry Co. Ltd. announced the first extraordinary general meeting for the year 2013 of the company was held on February 26, 2013, approved the appointment of Mr. Xie Jiyuan as new director of the fourth session of the Board. Mr. Xie Jiyuan is currently an independent non-executive Director of the fourth session of the Board of the company.

Mr. Xie has more than 30 years' experience in the gold and nonferrous metals industry. An independent non-executive Director of the third session of the Board, Mr. Yan Hongbo has served as an independent non-executive Director of the company for three successive terms, and his term of service reached nine years upon the expiry of the term of the third session of the Board. In consideration of the requirement of Code Provision A.4.3 as set out in Appendix 14 of the Listing Rules, Mr. Yan was not nominated as a candidate for re-election as the director of the fourth session of the Board and was not re-elected at the EGM.

Therefore, Mr. Yan has retired, upon the conclusion of the EGM, from office of independent non-executive director of the company, a member and the chairman of the Nomination and Remuneration Committee and the Safety and Environment Protection Committee and a member of Geological and Resources Management Committee of the company. The Board announced that, at the first meeting of the fourth session of the Board held immediately after the EGM, the Board agreed unanimously (i) to appoint Mr. Lu Dongshang as the Chairman of the fourth session of the Board; (ii) to appoint Mr. Liang Xinjun as the Vice Chairman of the fourth session of the Board. Their appointments became effective on 26 February 2013.

The Supervisory Committee announced that, at the first meeting of the fourth session of the Supervisory Committee held immediately after the EGM, the Supervisory Committee agreed unanimously to appoint Mr. Wang Xiaojie as the Chairman of the fourth session of the Supervisory Committee, whose appointment became effective on 26 February 2013. The Board further announced that, at the first meeting of the fourth session of the Board held immediately after the EGM, the Board agreed unanimously to appoint the following members of the Audit Committee, Nomination and Remuneration Committee, Strategic Committee, Geological and Resources Management Committee, and Safety and Environment Protection Committee under the fourth session of the Board with effect from 26 February 2013. Audit Committee: The Audit Committee comprises three members, namely Ms. Chen Jinrong, Mr. Choy Sze Chung Jojo and Mr. Ye Kai.

Ms. Chen Jinrong is the chairlady of the Audit Committee. Nomination and Remuneration Committee: The Nomination and Remuneration Committee comprises five members, namely Mr. Liang Xinjun, Mr. Cong Jianmao, Mr. Ye Tianzhu, Ms. Chen Jinrong and Mr. Choy Sze Chung Jojo. Mr. Choy Sze Chung Jojo is the chairman of the Nomination and Remuneration Committee.

Strategic Committee: The Strategic Committee comprises three members, namely Mr. Lu Dongshang, Mr. Liang Xinjun and Mr. Weng Zhanbin. Mr. Lu Dongshang is the chairman of the Strategic Committee. Geological and Resources Management Committee: The Geological and Resources Management Committee comprises three members, namely Mr. Weng Zhanbin, Mr. Ye Tianzhu and Mr. Xie Jiyuan.

Mr. Ye Tianzhu is the chairman of the Geological and Resources Management Committee. Safety and Environment Protection Committee: The Safety and Environment Protection Committee comprises three members, namely Mr. Li Xiuchen, Mr. Cong Jianmao and Mr. Xie Jiyuan. Mr. Li Xiuchen is the chairman of the Safety and Environment Protection Committee.