Adamant DRI Processing and Minerals Group announced on May 6, 2019, the Board of Directors elected Jing Xie as President, Chief Executive Officer and Chief Financial Officer of the Company. Ms. Xie replaces Ethan Chuang as President, Chief Executive Officer and Chief Financial Officer of the Company. Ms. Xie is the Board Chairman and CEO of Shenzhen Dingshang Technology Co.

Ltd.