Xinjiang Xinxin Mining Industry : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

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Xinjiang Xinxin Mining Industry Co., Ltd.*

อᖛอ㒥ᘤٰุ΅Ϟࠢʮ̡

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock code: 3833)

SUPPLEMENTAL ANNOUNCEMENT

IN RELATION TO

THE PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

Reference is made to the announcement of Xinjiang Xinxin Mining Industry Co., Ltd.* (the "Company") dated 26 March 2020 in respect of the proposed appointment of executive director of the Company (the "Announcement"). Unless otherwise defined, capitalised terms used herein shall have the meanings ascribed to them in the Announcement.

The Company would like to provide the shareholders and potential investors of the Company with additional information in relation to the proposed appointment of Mr. Yu as an executive Director.

If elected at the forthcoming AGM, Mr. Yu will not be receiving any Director's remuneration from the Company under the service contract to be entered into between the Company and Mr. Yu, the entering into of which is subject to the approved of the shareholders of the Company at the AGM. The salary payable to Mr. Yu by the Company shall be determined in accordance with the remuneration scale of such position and payment procedures of the Company.

As at the date of this announcement, Mr. Yu does not have any interest in the shares of the Company within the meaning of Part XV of the SFO. He has not been subject to any public sanctions by statutory or regulatory authority.

Save as disclosed above, Mr. Yu has not held any directorship in any other public listed company in the past three years and does not have any other relationship with any Director, senior management, substantial or controlling shareholder (as defined in the Listing Rules) of the Company. Save as disclosed above, there are no other matters concerning the appointment of Mr. Yu that need to be brought to the attention of the shareholders of the Company or the Stock Exchange and there are no other matters which shall be disclosed pursuant to Rule 13.51(2) (h) to (v) of the Listing Rules.

Further details will be made by the Company in relation to the proposed appointment of Mr. Yu as an executive Director in the circular in respect of the forthcoming AGM.

By Order of the Board

Xinjiang Xinxin Mining Industry Co., Ltd.*

Li Zhen Zhen, Lam Cheuk Fai

Joint Company Secretaries

Xinjiang, the PRC, 30 March 2021

As at the date of this announcement, the executive Director is Mr. Qi Xinhui; the non-executive Directors are Mr. Zhang Guohua, Mr. Zhou Chuanyou, Mr. Guo Quan and Mr. Hu Chengye; and the independent non-executive Directors are Mr. Hu Benyuan, Mr. Wang Qingming and Mr. Lee Tao Wai.

* For identification purpose only