China Beidahuang Industry Group Holdings Limited announced that Mr. JIANG Jianjun ("Mr. Jiang") has resigned as the Chairman of the Board and the chairman of the nomination committee (the "Nomination Committee") of the Company with effect from 10 December 2018. Mr. Jiang will remain as an executive Director and a member of the remuneration committee (the "Remuneration Committee") of the Company. Mr. LI Jiehong ("Mr. Li") has been appointed as the Chairman of the Board, an executive Director and the chairman of the Nomination Committee with effect from 10 December 2018. Mr. Li, aged 45, is currently the joint chairman of the board of directors of Phoenix (Dongguan) Animals Nutrition Limited. Mr. GU Chunyang ("Mr. Gu") has been appointed as the Vice Chairman of the Board and an executive Director with effect from 10 December 2018. Since 2017, he has been the general manager of Beidahuang Maiye Co. Ltd. Mr. CHONG Cha Hwa ("Mr. Chong") has been appointed as an independent non- executive Director, the chairman of the audit committee (the "Audit Committee") and Remuneration Committee of the Company, and a member of the Nomination Committee with effect from 10 December 2018. Mr. Chong was an independent non-executive director of China Mining Resources Group Limited (presently known as Tongguan Gold Group Limited) from November 2011 to July 2017. Mr. ZHANG Xianming ("Mr. Zhang") has been appointed as an independent non- executive Director with effect from 10 December 2018. Mr. Zhang has been the chairman of Beidahuang Maiye Co. Ltd.