The board of directors of China Metal Resources Utilization Limited announced that Ms. Ren Ruxian ("Ms. Ren") was appointed as an independent non-executive director of the Company ("INED"), the chairman of the nomination committee of the Company (the "Nomination Committee"), and a member of each of the audit and corporate governance committee (the "Audit and Corporate Governance Committee") and the remuneration committee (the "Remuneration Committee") of the Company with effect from 30
November 2015. Aged 39, Ms. Ren is currently the senior finance director of Letv Holding Limited, an internet company based in Beijing China. Ms. Ren has over 14 years working experience in finance management and financial reporting, including in 2 international audit professional firms and in the internet industry, during which she acted as the acting chief financial officer of Changyou.com Limited, a NASDAQ listed company, in 2014. The Board of the Company announced that Mr. Liu Hanjiu ("Mr. Liu") has tendered his resignation as an executive director of the Company with effect from 30 November 2015 due to health reasons. The Board of the Company announced that Ms. Liu Rong ("Ms. Liu") has resigned as INED, the chairman of the Nomination Committee and a member of each of the Audit and Corporate Governance Committee and the Remuneration Committee with effect from 30 November 2015 in
order to devote more time on her work at the Southwest University of Finance and Economics in China.