Siberian Mining Group Company Limited announced that its board received a written resignation letter from Mr. Lai Han Zhen on 27 December Mr. Lai resigned as an independent non-executive Director with effect from 27 December 2017. Upon resignation as an independent non-executive Director, Mr. Lai has concurrently ceased to be (i) the chairman of the remuneration committee of the Board; and (ii) a member of each of the audit committee of the Board and the nomination committee of the Board. The Board further announces that Mr. Lee Sungwoo, an independent non-executive Director, and also a member of each of the Remuneration Committee and Audit Committee, has been appointed as the chairman of the Remuneration Committee with effect from 27 December 2017.