The board of directors of South Manganese Investment Limited announced that Mr. Wang Zhihong has resigned from his position as an independent non-executive Director of the Company due to his other personal commitments with effect from 31 March 2021. Upon his resignation, he has ceased to be the Chairman of the remuneration committee and a member of the audit committee and nomination committee of the Company. The Board announced that Mr. Yuan Mingliang ("Mr. Yuan") will be appointed as an independent non-executive Director of the Company with effect from 31 March 2021. Following his appointment of an independent non-executive Director of the Company, he will also be appointed as the chairman of remuneration committee, a member of nomination committee and audit committee of the Company with effect from 31 March 2021.