Fuse Enterprises Inc. announced that, on November 28, 2016, Mr. Yong Zhang was appointed as a director of the Board of the Directors of the company, the President and Chief Executive Officer of the Company, and Mr. Roy Kang was appointed as a director of the Board, the Secretary, Treasurer and Chief Financial Officer of the Company. On November 28, 2016, Aleksandr Kriukov resigned as a director of the Board, the President and Chief Executive Officer of the Company, and Pavel Mikhalkov resigned as a director of the Board, the Secretary, Treasurer and Chief Financial Officer of the Company. Mr. Yong Zhang, 58, prior to his appointment had served from July 1993 to October 2016 as the Chief Executive Officer of Rich Mining Inc. Mr. Roy Kang, 44, has served since January 2010 as a consultant to various companies developing greenfield mining projects in the PRC.

Mr. Roy Kang has also served on investment strategy and corporate advisory teams at UBS from 2004 to 2007 and at Goldman Sachs from 2007 to 2009.