The board of directors of Xinjiang Xinxin Mining Industry Co., Ltd. announced that Mr. Guo Quan has, on 9 January 2024, tendered his resignation as (i) the chairman of the Board; (ii) a non-executive Director; and (iii) the chairman of each of the nomination committee and the strategic and sustainable development (ESG) committee of the Board due to his personal business commitments and is unable to accommodate the business of the Company. Mr. Guo's resignation in respect of the chairman of the Board, chairman of the nomination committee and chairman of the strategic and sustainable development (ESG) committee will take effect upon the appointment of a new chairman of the Board at the forthcoming Board meeting and his resignations in respect of the other above mentioned positions will take effect at the forthcoming general meeting of the Company.