The board of Lingbao Gold Company Ltd. has announced the resignation of Mr. Zhang and Mr. Zhou as executive directors and members of strategic committee due to their work re-designation, both with effect from 23 December 2016. Each of Mr. Zhang and Mr. Zhou has confirmed that there are no disagreement with the Board and that there are no other matter in relation to their resignation that needs to be brought to the attention of the Shareholders. The board announced that with effect from 23 December 2016, Ms. Zhou and Mr. Wang has been appointed as executive directors of the Company and members of strategic committee. Ms. Zhou is appointed as an executive director on 23 December 2016. She is primary engage in the daily operation and management of the Company. Ms. Zhou has over 20 years of experience in business management and corporate governance. Prior joining to the Company, she worked in Singapore Exchange Limited as vice president of the corporate and listing department from January 2008 to July 2011 and has been working in James & Hina Capital Management Company Limited as chief executive officer since July 2011. Mr. Wang, aged 51, is appointed as an executive director on 23 December 2016. He is primary engage in the daily operation and management of the Company. Prior joining to the company, he was a consultant for the Hunan Mining Association.