Lingbao Gold Group Company Ltd. announced that Mr. Yang Dongsheng has tendered his resignation as an independent non-executive Director, the chairman of the audit committee as well as a member of the strategic committee, nomination committee and remuneration and review committee of the company with effect from 6 July 2020 due to his other business commitments. Mr. Yang has confirmed that he has no disagreements with the Board, and that there are no other matters in relation to his resignation as the aforesaid positions that need to be brought to the attention of the shareholders of the company. The company announced that Mr. Xu Rong has been appointed as an independent non-executive Director and the chairman of the Audit Committee with effect from 6 July 2020. In addition, the company announce that Mr. Zeng Xiangxin, an executive Director, has been appointed as a member of Nomination Committee and Remuneration Committee with effect from 6 July 2020. The company announced that Mr. Wang Leo has been re-designated from an executive Director to a non-executive Director with effect from 6 July 2020.