The board of directors of Winsway Coking Coal Holdings Limited announced that Mr. Cui Yong. has tendered his resignation as an executive director of the company with effect from 30 December 2013 in order to devote more time on his other work and the business operations of the company. Mr. Cui will remain as a consultant to the company.

The Board further announced that Mr. Wang Chang Qing, also known as Max Wang has been appointed as an executive director of the company with effect from 30 December 2013. Mr. Wang, is the President and CEO of Grande Cache Coal LP, a post he has held since January 2013. He is also appointed as the Executive Vice President of the Group with effect from 30 December 2013.

Prior to joining the company, Mr. Wang was with Suncor Energy Inc. as the Director of Engineering, Major Projects, as a result of the merger with Petro-Canada Inc. in 2009. Before joining Petro-Canada Inc. in 2006, Mr. Wang served for over 8 years in various positions including engineering/project manger, chief engineer and manager of the civil/structural/architectural Department at Bantrel Corporation.