The board of directors of Shougang Fushan Resources Group Limited announced that Mr. Li Shaofeng has tendered his resignation as an executive director cum managing director and a member of the executive committee of the company with effect from 1 November 2019, due to other personal businesses and arrangements. The Board also announced that Mr. Fan Wenli is appointed as an Executive Director cum Managing Director and a member of the Executive Committee with effect from 1 November 2019. With effect from 1 November 2019, the Executive Committee will still be composed of five Executive Directors, namely Mr. Ding Rucai as the chairman of the Executive Committee, Mr. So Kwok Hoo, Mr. Chen Zhaoqiang, Mr. Liu Qingshan and Mr. Fan.