The board of directors of China Silver Group Limited announced that Mr. Sung Kin Man has resigned from his positions as an executive director and the chief executive officer of the Company due to his desire to pursue other career opportunities, and Mr. Guo Bin has resigned from his position as an independent non-executive director of the Company due to his desire to focus on his other career commitments, both with effect from 1 January 2019. Following the resignation of Mr. Sung, Mr. Chen Wantian, the chairman and an executive director of the Company, has taken over the position of the chief executive officer of the Company, with effect from 1 January 2019.