Dr. Jiang Tao has resigned as an independent non-executive Director of China Silver Group Limited with effect from 28 December 2015. The Board announced that with effect from 28 December 2015, Mr. Song Hongbing (Mr. Song) has been appointed as an independent non-executive Director of the company. The Board also announced that upon the resignation of Dr. Jiang Tao, Dr. Jiang Tao has ceased to be a member of each of the audit committee of the Board (the Audit Committee), nomination committee of the Board (the Nomination Committee) and the Remuneration Committee.

The Board further announced that Mr. Song has been appointed as a member of each of the Audit Committee, Nomination Committee and Remuneration Committee with effect from 28 December 2015.