The board of directors of China Kingstone Mining Holdings Limited announced that Mr. Li Yunfei (Mr. Li) has been appointed as the chief executive officer of the company with effect from 1 September 2022. Mr. Li, aged 52, was admitted as a certified public accountant in the People's Republic of China. Prior to joining the Company, Mr. Li worked at Zhongrui Certified Public Accountants in the PRC from 2002 to 2004 as a partner, at several private real estate development and investment companies in the PRC from 2005 to 2013 as a vice president, at Beijing Sunlon Development Dairy Co.

Ltd. in the PRC from 2013 to 2019 as a vice president, and at a private investment and consulting company in the PRC from 2020 to 2021 as deputy general manager. Mr. Li obtained a bachelor's degree in economics from Central Institute of Finance and Banking in the PRC (currently known as Central University of Finance and Economics) in June 1993.