The board of directors of CMOC Group Limited announced that it has received written resignation letters from Mr. Yuan Honglin (?Mr. Yuan?) and Mr. Li Chaochun (?Mr. Li?). Due to personal reasons, Mr. Yuan has submitted his resignation to the Board, requesting to resign from his positions as the chairman of the Board, non-executive Director, and members of the relevant Board committees. His resignation will become effective upon the approval of the resolution to appoint additional Directors to fill the vacancies at the shareholder's meeting of the Company.

Prior to the effectiveness of his resignation, Mr. Yuan will continue to perform his duties in the aforementioned positions. Due to personal reasons, Mr. Li has submitted his resignation to the Board, requesting to resign from his positions as the vice chairman of the Board, executive Director, member of the strategic and sustainable committee, and chief investment officer. His resignation will become effective on the date of delivery of his resignation letter to the Board (i.e., 25 April 2025).

The resignations of Mr. Yuan and Mr. Li will not result in the number of the Board members below the statutory minimum requirement, and will not affect the Company's daily operations or the normal functioning of the Board. The Board announced that it has resolved to appoint Mr. Que Chaoyang (?Mr. Que?) as the executive vice president and chief operating officer, Mr. Liu Jianfeng (?Mr. Liu?) as the chief investment officer, and Mr. Kenny Ives (?Mr. Ives?) as the vice president and chief commercial officer, respectively, with effect from the date of this announcement (i.e., 25 April 2025) until the date of the 2026 annual general meeting of the Company. Mr. Que Chaoyang, born in September 1970, graduated from China University of Geosciences (Beijing) with a Ph.D. in Ore Deposit Geology.

He is a professor-level senior engineer in Mining, a geological engineer, the deputy chairman of the National Technical Committee on Gold of Standardization Administration of China and a member of Australian Institute of Geoscientists (Competent Person under JORC and NI 43-101 Codes). He has previously served as the general manager of multiple large-scale projects, regional companies and business divisions both at home and abroad of Zijin Mining Group Co., Ltd, as well as the vice president and chief engineer of Zijin Mining Group. Mr. Que has extensive experience in mining investment and mergers and acquisitions, exploration, project construction and operation.

Mr. Liu Jianfeng, born in January 1977, holds a Bachelor's degree in Economics from Central University of Finance and Economics, a Master's degree in Law from China University of Political Science and Law, as well as a Master of Business Administration (MBA) and a Master of Laws (LL.M.) from Boston College. He is a Certified Public Accountant (CPA) in Australia and qualified as a PRC Lawyer. With over 20 years of deep involvement in the natural resources sector, Mr. Liu has successively served as the commercial director of CNOOC, an executive director and the CFO of Roc Oil of Fosun International, the executive president and CFO of Geo-Jade Petroleum, an executive director (from January 2023 to February 2025) and the president of ENN Energy Holdings Limited, as well as a vice chairman of the board and non-executive director (from February 2023 to April 2025) of Huzhou Gas Co.

Ltd. He has led multiple large ­ scale cross-border mergers and acquisitions and resources integration projects, and continuously promoted corporate strategic upgrading and comprehensive operational improvement. Mr. Liu has repeatedly won authoritative awards such as ?Best CFO? by Institutional Investor and ?China CFO of the Year?

in 2022 by New Finance. His long-term professional accumulation provides key support for corporate governance optimization and sustainable development. Mr. Kenny Ives, born in December 1976, graduated from Brasenose College, Oxford University in 1998 with a Bachelors in Geography.

From September 1998 until May 2021, Mr. Ives worked at Glencore. Mr. Ives headed Glencore's Nickel Division from 2011 until 2021 when he retired. He joined IXM as CEO in September 2022 driving IXMs rapid transformation.

With over 25 years of expertise in international physical commodity marketing and trading, operations, risk management and building and leading teams, Mr. Ives combines deep experience with a passion for mining and commodity trading.