Energy Metals Limited announced the appointment of Mr. Deqiang Tian, as Non-Executive Chairman, following the resignation of Mr. Yusheng Cai. Mr. Wei Wang also joins the Board as a Non-Executive Director, following the resignation of Mr. Zhe Gao. Mr. Shubiao Tao, the Company's CEO, has stepped onto the Board as Managing Director.

Mr. Shuqing Xiao, who stepped down from Managing Director as announced on 12 June 2023, resigned from the Board. These changes take effect immediately. Mr. Tian holds a Bachelor of Engineering with a major in equipment engineering and management.

He has over 20 years' experience in project construction and management, commencing his career as a plumbing engineer in 2000. He joined China General Nuclear Power Group ("CGNPC") in 2004 as Senior Engineer, and in 2010 became a project manager. He was promoted as a senior manager in 2020 and has been serving as Senior Executive in CGNPC.

Currently, Mr. Tian is Chief Executive Officer and Chairman of CGNPC Uranium Logistic (Bejing) Ltd. Mr. Wang has extensive knowledge and over 10 years of experience in investing in new materials and high-end manufacturing industries. He graduated from Beihang University with a major in Computer Science and Technology. He founded Weisheng Growth (Beijing) Investment Management Co.

Ltd. in 2009 and has been serving as General Manager since then. The managed assets portfolio amounts to approximately RMB1.75 billion. In 2017 when Ningbo Weisheng Dingxuan Equity Inv Cap Partnership ("Ningbo Weisheng") was established Mr. Wang was appointed as the representative of the fund's General Partner.

He is also a founder and General Manager of Beijing Weisheng Composite Materials Co. Ltd. Currently Ningbo Weisheng is EME's second largest shareholder. Mr. Tao has rich knowledge and more than 20 years' experience in the energy industry.

He holds a Bachelor degree of Arts and specialises in supply chain management, and investment management. He started his career as a procurement engineer in China Petroleum Pipeline Material & Equipment Corporation in 2003, a subsidiary of China National Petroleum Corporation. He joined CGN Uranium Resources Co.

Ltd. ("CGNPC-URC") in 2010 as a procurement manager and was promoted to senior manager in 2011. In the past four years, Mr. Tao was the vice director of Capital Operation Department in CGNPC-URC.