The board of directors of Lingbao Gold Company Limited announced that Mr. Liu Pengfei resigned as an executive director and a member of strategic committee of the company due to his personal health reason, and Mr. Yan Wanpeng resigned as an independent non-executive director, chairman of the audit committee, a member of the nomination committee and a member of the remuneration committee of the company due to receipt of a notice from Organization Department of the Communist Party Henan Provincial stating that according to the civil law of the People Republic of China and other related law, leading cadres currently holding a leadership position in a state-owned enterprises is not allowed to work in other enterprise. Resignation of both Mr. Liu and Mr. Yan took effect immediately.