The board (the "Board") of directors (the "Directors") of South Manganese Investment Limited announced that Mr. Lin Zhijun ("Mr. Lin") has resigned from his position as an independent non-executive Director of the Company due to his other personal commitments with effect from 31 July 2021. Upon his resignation, he has ceased to be the chairman of the audit committee (the "Audit Committee") and a member of the remuneration committee (the "Remuneration Committee") and nomination committee (the "Nomination Committee") of the Company. The Board announces that Mr. Lau Wan Ki ("Mr. Lau") has been appointed as an independent non-executive Director of the Company with effect from 31 July 2021. Mr. Lau Wan Ki, aged 36, has over 13 years of experience in the field of corporate finance and accounting. Mr. Lau currently serves as an executive director of Yue Xiu Capital Limited. From 2007 to 2011, he worked at the audit department of KPMG in Hong Kong with his last position as assistant manager.