The Board of China Magnesium Corporation Limited announced the appointment of Kah Chai (Peter) Tay as Executive Director, effective from November 29, 2019. The Directors advise that Xinping Liang who retired by rotation and Marcelo Mora who resigned due to personal reasons relinquish their roles as Directors of the Company as from the close of today's Annual General Meeting. For the same personal reasons, Marcelo has also resigned as Company Secretary. Peter is an experienced finance professional with exposures to international environments in multinationals, including a big four accounting firm, over 30 years. He is a member of the Chartered Accountants Australia and New Zealand (CAANZ) and has broad commercial and finance knowledge in various industries which include manufacturing, distribution of FMCG, agribusiness, healthcare and technology. Antony Tolfts, after retiring, has agreed to be appointed again as a Non Executive Director.