The board of directors of Lingbao Gold Co., Ltd. announced that the resignation of Mr. Xu Qiangsheng (Mr. Xu) as an independent non-executive director, chairman of the nomination committee, a member of the audit committee and a member of the remuneration committee of the company with effect from 7 January 2016 due to his busy work schedule and personal work arrangement. The Company is identifying suitable candidate to fill the vacancy of the independent non- executive director.