The Board of Siberian Mining Group Company Limited announced that Mr. LEE Sungwoo has been appointed as an Independent Non-executive Director, and a member of each of the Audit Committee and the Remuneration Committee of the company with effect from 31 August 2017 and Mr. JO Sang Hee has been re-designated from an Independent Non-executive Director to an Executive Director with effect from 31 August 2017, and immediately following his said re-designation, he has resigned as a member of each of the Audit Committee and the remuneration Committee of the company also with effect from 31 August 2017. Mr. LEE is currently a partner of SEJUNG LLC providing corporate audit of listed and unlisted companies, tax advisory services, corporate valuation and due diligence and other consulting services. Before joining SEJUNG LLC in April 2017, he was the accounting team leader of Dain Engineering and Construction Co. Ltd. from October 2016 to March 2017, the manager of Samvit Accounting Firm from April 2015 to October 2015 and the senior associate of Samil Price Waterhouse Coopers from December 2012 to April 2015.