The board of directors of Da Ming International Holdings Limited announced that with effect from 25 May 2017, Mr. Wang Jian (Mr. Wang) has been appointed as an executive director of the company with effect from 25 May 2017. Mr. Wang, aged 53, is currently a general manager of Daming Heavy Industry Co. Ltd. Mr. Wang has extensive experience in the steel industry. Mr. Wang was a deputy director of Wuxi Huaguang Boiler Co. Ltd. from 1985 to 1995 and an engineer of a Japanese metals processing company from 1995 to 1999. Mr. Wang does not have any relationship with any directors, senior management or substantial or controlling shareholders of the company. The Board also announced that Mr. Liu Fuxing (Mr. Liu) has been appointed as an independent non-executive director of the company and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee of the company with effect from 25 May 2017. Mr. Liu, aged 60, has been the vice president of Stainless Steel Council of the China Special Steel Enterprises Association since 2015. Mr. Liu has extensive experience in the steel industry. From December 1995 to February 2002, he was the deputy general manager of Taiyuan Iron & Steel (Group) Co. Ltd. and from March 2002 to February 2015, he was a director of Taigang (Group) Limited. Mr. Liu does not have any relationship with any directors, senior management or substantial or controlling shareholders of the company.