The board of directors of Prospect Resources Limited announced that Mr. Qingjiao Yu has tendered his resignation as a non-executive director of the company effective immediately. Ms. Yan Wang who acted as an alternate non-executive director to Mr. Yu will also resign as a result. The board announced the appointment of Mr. HeNian Chen, as a non-executive director of the company, effective after the company holds its 2017 annual general meeting. Mr. Chen has served as the Chairman of Changshu Yuhua Property Co. Ltd. since 2003, and has served as the Deputy Chairman of Afore Ne Energy Technology (Shanghai) Co. Ltd. since 2007.