The board of China Primary Resources Holdings Limited announced that with effect from March 1, 2012, Mr. Liu Weichang has re-designated from an independent non-executive director to an executive director. The board alsoe announced that with effect from March 1, 2012, Mr. Wang Xiao Bing has been appointed as an independent non-executive director. Mr. Wang, aged 44, used to work for several famous corporations and law office in China. He has over 10 years of experience in corporation law counselor. The board announced that as a result of the change in composition of the board, Mr. Wang has been appointed as a member of each of the audit committee and the remuneration committee of the company, and Mr. Liu has ceased to be a member of each of the audit committee and the remuneration committee of the company.