Zhaojin Mining Industry Company Limited announced that Mr. Lu Dongshang resigned from his positions as the Chairman of the fourth session of the board of directors and the authorised representative of the company. Mr. Weng Zhanbin was appointed as the chairman of the fourth session of the board of directors of the company, and he resigned from his positions as the vice chairman of the board of directors and the President of the company. All the above resignations and appointments are effective from January 24, 2014; Mr. Li Xiuchen was appointed as the President and authorised representative of the company, and he resigned from his position as the executive President of the company, both with effect from January 24, 2014.

Mr. Ye Kai resigned from his position as non-executive director and member of Audit Committee of the company, with effect from January 24, 2014 and Mr. Xu Xiaoliang was appointed as non-executive director and member of Audit Committee of the company, with effect from January 24, 2014. Mr. Weng Zhanbin has currently served as the vice Chairman, executive Director and President of the company. Mr. Xu Xiaoliang has currently served as the president of Fosun Property Holding, the chairman of Yuyuan, Xinghong Capital and Xingyu Capital, and a member of Shanghai Youth Federation and the vice president of China Real Estate Chamber of Commerce.