The board of directors of CST Mining Group Limited announced that with effect from December 31, 2012:- Mr. Wah Wang Kei, Jackie has tendered his resignation as an executive director of the company. Mr. Wah will cease to be a member of the investment and management committee and has agreed to be an in-house legal counsel of the company following his resignation as the executive director of the company; Mr. Chung Nai Ting has tendered his resignation as an executive director of the company. Mr. Chung has agreed to be the deputy head of business development department of the Company following his resignation as the executive director of the company; Ms. Ma Yin Fan has been appointed as an independent non-executive director of the company, the member of the audit committee, the nomination committee and the remuneration committee of the company respectively.

Ms. Ma is a CPA (Practising) in Hong Kong and has been working in the auditing, accounting and taxation areas for more than 20 years of professional experience. She is the principal of Messrs. Ma Yin Fan & Company CPA.