On January 23, 2014, China Natural Resources Inc. announced that it had completed the spin-off and listing by way of introduction on The Stock Exchange of Hong Kong Limited of its wholly-owned subsidiary, Feishang Anthracite Resources Limited. In connection with the Spin-Off, Tam Cheuk Ho (Class III Director and Executive Vice President of the company) and Wong Wah On (Class III Director and Chief Financial Officer of the company) resigned their positions with the company on January 22, 2014 and assumed positions with Feishang Anthracite. Effective upon Mr. Wong's resignation, the company's Board of Directors appointed Ma Sin Ling to serve as a Class III Director of the company until the next annual meeting of shareholders at which Class III Directors are elected and until her successor is duly elected and has qualified, and Chief Financial Officer and Corporate Secretary of the company until otherwise determined by the company's Board of Directors.

Ms. Ma has been working at the company and its predecessor since August 1997 and served as Chief Financial Manager prior to her appointment as Chief Financial Officer. Effective upon Mr. Tam's resignation, the company's Board of Directors appointed Woo Ming Yee to serve as a Class III Director of the company until the next annual meeting of shareholders at which Class III Directors are elected and until her successor is duly elected and has qualified. Ms. Woo is the spouse of Tam Cheuk Ho, an executive officer and director of Feishang Anthracite.