The board of directors of Shougang Fushan Resources Group Limited announced that: Mr. Li Shaofeng has been re-designated from the Chairman of the Board to the Managing Director of the Company and from the chairman to a member of the Executive Committee of the Company with effect from 29 January 2018. Mr. Li will cease to act as the chairman and a member of the Nomination Committee of the Company as well as a member of the Remuneration Committee of the Company from the same date; and Mr. Ding Rucai has been re-designated from the Vice-chairman and Managing Director of the Company to the Chairman of the Board and from a member to the chairman of the Executive Committee of the Company with effect from 29 January 2018. Mr. Ding has been appointed as the chairman and a member of the Nomination Committee of the Company as well as a member of the Remuneration Committee of the Company with effect from 29 January 2018.