Chinalco Yunnan Copper Resources Limited (CYU) has signed a private share placement agreement with the Beijing-based JCHX Group Co. Ltd. to provide funding for CYU's proposed activities in the Democratic Republic of Congo. As part of the initial JCHX Group funding, the Chairman of JCHX Group, Mr. Wang Xiancheng, will join the Board of CYU.

Mr. Wang is a well-known and highly regarded Chinese businessman and his skills and expertise will be of significant benefit to CYU as it pursues its activities in the DRC. From May 2011 to December 2014, he served as Chairman and President of JCHX Mining Management Co. Ltd.