The board of directors of Golden Resources Development International Limited announces that, with effect from 9 October 2017, Mr. Anthony LAM Sai Ho, currently the Vice Chairman of the Board, an executive director and Managing Director of the Company, has been redesignated from Managing Director to Chief Executive Officer of the Company and Mr. LAM shall continue to serve as the Vice Chairman of the Board and executive director of the Company. Mr. LAM joined the Merchant Banking Division of the State Bank of New South Wales, and had been extensively involved in the corporate financing and the securitization of assets and mortgages. Mr. LAM returned to Hong Kong and joined the Group in 1991 and has been appointed in several key senior management positions in Hong Kong and other Asian countries including Vietnam and Thailand.