The board of directors of Xingye Copper International Group Limited announced that Ms. Li Li has resigned as an independent non-executive director, the chairman of the audit committee and a member of the remuneration committee of the Company with effect from 14 January 2015 as she would like to dedicate more time to her increasing family commitments. Ms. Li has confirmed that she has no disagreement with the Board and there are no matters in relation to her resignation that need to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited. Following the resignation of Ms. Li, Mr. Chai Chaoming, an independent non-executive Director, was appointed as the chairman of the audit committee with effect from 14 January 2015.