China Daye Non Ferrous Metals Mining : Announcements and Notices - Resignation of Chairman of the Board and Executive Director Appointment of Chairman of the Board and Chairman of the Nomination Committee

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(Incorporated in Bermuda with limited liability)

(Stock Code: 00661)

RESIGNATION OF CHAIRMAN OF

THE BOARD AND EXECUTIVE DIRECTOR

APPOINTMENT OF CHAIRMAN OF THE BOARD AND CHAIRMAN OF

THE NOMINATION COMMITTEE

RESIGNATION of Chairman of the board and executive director

The board (the "Board") of directors (the "Directors") of China Daye Non-Ferrous Metals Mining Limited (the "Company", together with its subsidiaries, the "Group") announces that, with effect from 17 May 2019, Mr. Tan Yaoyu ("Mr. Tan") has resigned as an executive Director, the chairman of the Board and the chairman of the nomination committee of the Company (the "Nomination Committee") due to his other business commitments.

Mr. Tan has confirmed that he has no disagreement with the Board and there are no matters regarding his resignation that need to be brought to the attention of the shareholders of the Company (the "Shareholders").

The Board would like to express its sincere gratitude to Mr. Tan for his valuable contribution to the Company during his tenure of office.

APPOINTMENT OF Chairman of the board and chairman of the nomination committee

The Board is pleased to announce that Mr. Wang Yan ("Mr. Wang"), an existing executive Director, has been appointed as the chairman of the Board and the chairman of the Nomination Committee with effect from 17 May 2019.

Mr. Wang, aged 48, has been an executive director of the Company since April 2019. Mr. Wang graduated from the Non-ferrous Metallurgy Department of Northeastern University* (東北大學 金屬冶金系) with a bachelor's degree in rare earth studies in 1994 and subsequently obtained a master's degree in business administration from Tsinghua University in 2005. Mr. Wang started his career in 1994. Mr. Wang worked in the corporate development department of China Nonferrous Metal Mining (Group) Co., Ltd., the ultimate holding company of the Company, from July 2005 to January 2019, during which he served as the head of the corporate development department from October 2016 to January 2019. Mr. Wang has served as a general manager and deputy secretary of the Communist Party Committee of Daye Nonferrous Metals Group Holding Co., Ltd., the controlling shareholder of the Company since January 2019. He has been a director and general manager of Daye Nonferrous Metals Co., Ltd., a non-wholly owned subsidiary of the Company, since April 2019. Mr. Wang has over 20 years of experience in business administration.

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The Company and Mr. Wang will not enter into a new service agreement with respect to his appointment as the chairman of the Board and the chairman of the Nomination Committee. Mr. Wang is not entitled to receive any director's emoluments from the Company.

As disclosed in the circular of the Company dated 30 April 2019, Mr. Wang, being an executive Director appointed by the Board after the preceding annual general meeting of the Company, shall retire at the upcoming annual general meeting of the Company to be held on 3 June 2019 (the "Annual General Meeting") and, being eligible, will offer himself for re-election at the Annual General Meeting. A resolution will be proposed at the Annual General Meeting for the re-election of Mr. Wang.

Save as disclosed above, as at the date of this announcement, Mr. Wang (i) does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company; (ii) does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (iii) does not hold any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; and (iv) does not hold any other positions with other members of the Group.

Save as disclosed above, there are no other matters that needs to be brought to the attention of the Shareholders in connection with the appointment and there is no other information relating to Mr. Wang required to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to welcome Mr. Wang on his appointment.

By order of the Board of

China Daye Non-Ferrous Metals Mining Limited

Wang Yan

Chairman

Hong Kong, 17 May 2019

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Wang Yan, Mr. Long Zhong Sheng and Mr. Yu Liming; and three independent non-executive Directors, namely Mr. Wang Qihong, Mr. Wang Guoqi and Mr. Liu Jishun.

* For identification purposes only

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