The board of directors of China Molybdenum Co., Ltd. announced that Ms. Wang Zhengyan ("Ms. Wang") has tendered her resignation to the supervisory committee of the Company (the "Supervisory Committee") due to personal work arrangement and will resign as the staff representative supervisor of the Company (the "Supervisor") with effect from 11 March 2021. Ms. Wang confirmed that she has no disagreement with the Supervisory Committee and the Board during the term of her office and there is no matter in relation to her resignation that needs to be brought to the holders of securities of the Company or The Stock Exchange of Hong Kong Limited. The Board announced that, at the staff representatives general meeting of the Company held on 12 March 2021, Mr. Xu Wenhui ("Mr. Xu") was appointed by the staff representatives of the Company to be the new Supervisor with effect from the date of this announcement. Particulars of Mr. Xu are as follow: Mr. Xu is an accountant in China. From October 1999 to May 2010, he worked at the audit department and finance department of the Company, responsible for budgeting, cost analysis, tax management and financial reporting. From 2010 to May 2015, he served as the financial director of Luoyang Kunyu Mining Co., Ltd. and Luoyang Yongning Gold and Lead Refinery Company Limited, subsidiaries of the Company, respectively. From July 2015 to January 2020, he successively served as deputy director and director of the office of the Board of the Company. Since January 2020, he has served as the head of the financial management department of the Company for China area.