The board of directors of Lingbao Gold Company Limited announced that Mr. Wang Yumin and Mr. Yang Liening has resigned as non-executive directors of the company with effect from 4 April 2014 and the Board has proposed to appoint Mr. Qiang Shanfeng and Mr. Zhou Yudao as executive directors of the Company and Mr. Shi Yuchen as an non-executive director of the company, subject to the approval by the shareholders of the Company at the 2013 annual general meeting and Mr. Liu Shengmin has resigned as a chairman of the supervisory committee and an employee representative supervisor and Mr. Di Qinghua and Mr. Zhu Zhisheng have resigned as non-employee representative supervisors with effect from 4 April 2014, and Mr. Wang Guodong has been elected as an employee representative supervisor by employees with effect from 4 April 2014. Mr. Qiang Shanfeng before joining the Company, he had worked in Bureau of Land and Resources of Lingbao City from April 2010 to July 2013. Mr. Qiang has served as chief executive officer of the Company since August 2013.

Mr. Zhou Yudao was appointed as a manager of Henan Gold Jinhe Jewellery Company in March 2001 and later had worked as a deputy chief of fund office in Henan Provincial Bureau of Gold Administration from October 2003 to December 2004. Mr. Zhou currently served as a chairman and a general manager in Tongbai Xingyuan Mining Limited Company (a subsidiary of the Company) since January 2005. Mr. Shi Yuchen worked in Shandong Ludi Mining Investment Company Ltd. as a chairman from December 2005 to April 2011 and worked in Shandong Ludi Investment Holdings Company Ltd. as general manager from May 2011 to September 2011.

He had worked in Zhongrun Resources Investment Corporation as an executive director from May 2012 to October 2012 and currently working in Huibang Investment and Development Corporation as director since November 2012. Mr. Wang Guodong in May 2004, He had worked in Lingbao Hongxin Mining Company Ltd. as a general manager and in January 2006, he had worked in Lingbao Gold Company Ltd. as a general manager of Nanshan Gold Mine Branch. He held the position as deputy manager of the Planning and Assessment Department of the Company in January 2009 and a general manager of the metallurgical plant in July 2010.

Currently he is the chairman of LingbaoWason Copper-Foil Company Ltd. (a subsidiary of the Company) since December 2013.