The board of directors of China Kingstone Mining Holdings Limited together with its subsidiaries (the "Group"), hereby announced that Mr. Li Yunfei ("Mr. Li") has resigned as the chief executive officer of the Company (the "CEO") with effect from 6 June 2024 due to his other personal work commitments. Mr. Li has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention to the shareholders of the Company.