Lingbao Gold Group Company Ltd. announced the resignation of Mr. Wang Guodong as a chairman of the supervisory committee and an employee representative supervisor and the resignation of Mr. Jiao Xiaoxiao as an employee representative supervisors due to the changes in their work commitments with effect from 11 March 2019. Mr. Jian Zhanxun and Mr. Yang Shilei has been elected as an employee representative supervisors by the company employees with effect from 11 March 2019. From February 2013 to January 2018, Jian Zhanxun was the manager of the planning and assessment department of the Company. Since February 2018, he served as an assistant to the chairman of the Company and the manager of the Company management department. Yang Shilei served as the deputy manager of the securities legal department and is responsible for securities affairs and information disclosure.