The board of directors of Siberian Mining Group Company Limited announced that Mr. Lee Sungwoo ("Mr. Lee") has tendered his resignation as an Independent Non-executive Director, the chairman of the Remuneration Committee and a member of the Audit Committee of the Company with effect from 28 August 2020, because his other personal engagements require substantially more of his time and dedication. The Board also announces that, following the resignation of Mr. Lee, Ms. Chen Dai ("Ms. Chen"), an existing Independent Non-executive Director of the Company, has been appointed as the chairman of the Remuneration Committee of the Company with effect from 28 August 2020.