The board of directors of Xinjiang Xinxin Mining Industry Co., Ltd. announced that on 26 March 2021, both Mr. Meng Guangzhi and Mr. Li Jiangping have tendered their resignations as the employees' representative supervisors of the Company with effect from 30 March 2021. Mr. Meng Guangzhi and Mr. Li Jiangping have made tremendous contributions in resuming a supervisory role in the Company and/or its subsidiaries for years. As no H share appreciation rights could be granted to supervisors of the Company pursuant to the Plan, in anticipation of being a potential grantee under the Plan, on 26 March 2021, Mr. Meng Guangzhi and Mr. Li Jiangping have tendered their resignations as the employees' representative supervisors of the Company with effect from 30 March 2021.