The board of directors of Xingfa Aluminium Holdings Limited announced that with effect from 10 May 2018, Mr. Dai Feng has resigned as an executive Director; the chief financial officer of the Company; and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited due to normal rotation of work duties assigned by state-owned enterprise. The Board announced that with effect from 10 May 2018, Ms. Zhang Li has been appointed as an executive Director and the Chief Financial Officer. Ms. Zhang, aged 38, has extensive business management experience.

She has been a director and chief financial officer of Guangdong Xingfa Aluminium Co. Ltd. since April 2018. In view of the resignation of Mr. Dai as an Authorised Representative, Mr. Liao Yuqing, an executive Director, has been appointed as an Authorised Representative with effect from 10 May 2018.