Kinetic Mines and Energy Limited announced that Mr. Zheng Ercheng has been appointed as the company's independent non-executive director, member of audit committee and nomination committee with effect from 24 March 2015. Mr. Zheng Ercheng was the sub-branch deputy governor and then governor of China Construction Bank, Guangzhou Branch, Tianhe Sub-branch from 1987 to 1997, the general manager of the International Business Department of the Guangzhou Branch of the China Construction Bank from 1997 to 1999 and the general manager of the Guangzhou Branch of Cinda Asset Management Company from 1999 to 2000. He was also a supervisor of the supervisory committee of Guangzhou R&F Properties Co.

Ltd. The Board also announced that Mr. Dai Feng has tendered his resignation as the Company's independent non-executive director, member of audit committee and nomination committee from 24 March 2015 due to his health issues.