The board of directors of Peking University Resources (Holdings) Company Limited announced that Mr. Yau Pak Yue (Mr. Yau) resigned as a non-executive director of the Company with effect from 7 December 2021 as Mr. Yau would like to devote more time to his other personal engagements. Mr. Yau has confirmed to the Company that he has no claim whatsoever against the Company for compensation for loss of office or otherwise nor disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.