The Board of the Company hereby announces that with effect from 16 August 2017. Mr. Wong King Shiu, Daniel has been appointed as an executive Director; Mr. Chan Kai Leung has been appointed as an executive Director; and Mr. Wong Hoi Kuen has been appointed as an independent non-executive Director and members of Audit Committee, Nomination Committee and Remuneration Committee. He has over 13 years of experience in natural resources industry and served as an executive director in a various natural resources company which is listed in Hong Kong. He also has extensive experience in the management and development of natural resources projects in China. He is currently an executive director of China Baoli Technologies Holdings Limited, and an independent non-executive director of Huisheng International Holdings Limited, both companies listed on the main board of The Stock Exchange of Hong Kong Limited. Mr. Chan Kai Leung is currently the director and general manager of Macro Systems Limited. He founded Macro Systems in 1997 and is responsible for providing Macro Systems the vision and leadership and supporting the continuous improvement of overall market strategy, business development and operation. Mr. Wong has been an independent non-executive director, members of audit committee and nomination committee of China Baoli Technologies Holdings Limited since 13 February 2006. He has also been an independent non-executive director, members of audit committee and nomination committee of Elife Holdings Limited since 9 May 2011.