The board of directors of CITIC Dameng Holdings Limited announced that due to work adjustment, Mr. Guo Aimin ("Mr. Guo") has resigned from his position as the Chief Executive Officer of the company for the purpose of Rule 3.05 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and an authorised representative of the company for accepting on the company's behalf service of process or notice to be served on the company in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (collectively, the "Authorised Representatives") with effect from 22 December 2020. The Board announced that Mr. Li Weijian ("Mr. Li"), the Vice Chairman of the Company, has been re-designated as Chief Executive Officer with effect from 22 December 2020. Mr. Li is also a senior professional manager and has 33 years of experience in manganese mining and manganese related business, at both the management and operational level and has assumed a wide spectrum of roles in different mining companies.