The board of directors of Xingye Copper International Group Limited announced that Mr. Cui Ming has resigned as an independent non-executive director, the chairman of the remuneration committee and a member of the audit committee and the nomination committee of the Company with effect from 19 January 2015 as he would like to spend more time pursuing his own business. The Board also announced that Mr. Dai Jian Chun has been appointed as the independent non-executive director, the chairman of the remuneration committee and a member of the audit committee and the nomination committee of the Company following the resignation of Mr. Cui. Mr. Dai is currently a founding partner of Ferry Venture Capital.