Shandong Gold Mining Co., Ltd. announced that on 11 July 2022, the board of directors of the Company received a letter of resignation from Mr. Wang Shuhai. Due to the change of work, Mr. Wang Shuhai hereby respectfully resigns from the position of general manager of the Company. Mr. Wang Shuhai will continue to act as a director of the Company after his resignation as the general manager of the Company.

During his tenure as the general manager, Mr. Wang Shuhai has always performed his duties with diligence and conscientiousness, and played an important role in safeguarding the Company's operation, promoting its high-quality development and fulfilling its social responsibility. According to the needs of work, as nominated by Mr. Li Hang, the Chairman of the Company, the Resolution on the appointment of the General Manager was considered and passed at the 26th meeting of the sixth session of the board of directors of the Company, agreeing to appoint Mr. Liu Qin as the general manager of the Company for a term commencing from the date of approval of this meeting until the expiry date of the current term of the management. Liu Qin, male, Han nationality, a CPC member, born in January 1969 and a researcher for engineering technology application.

He is a member of the National Bai-Qian-Wan Talents Programme, young and middle-aged expert with outstanding contributions, and is entitled to special government allowance granted by the State Council, expert of China Postdoctoral Science Foundation, and expert of the first expert committee of the China Association of Work Safety. He successively served as technician, workshop deputy director, director, deputy mine manager, mine manager and the secretary to CPC Committee of Cangshang Gold Mine of Shandong Province Laizhou Jincang Mining Co., Ltd., mine manager and the secretary to CPC Committee of Sanshandao Gold Mine of Shandong Gold Mining (Laizhou) Co., Ltd, general manager and the secretary to CPC Committee of Inner Mongolia Mining Construction Base of Shandong Gold Non-ferrous Metal Mine Group Co., Ltd. and general manager and the secretary to CPC Committee of Xilingol League Shanjin Aerhada Mining Co., Ltd., vice chairman of Shandong Gold Non-ferrous Metal Mine Group Co., Ltd., vice chairman and general manager of Shandong Gold International Mining Co., Ltd., executive deputy general manager, vice chairman, general manager and vice secretary to CPC Committee of SDG Mineral Resources Group Co., Ltd., manager of Mineral Resources Department of Shandong Gold Group Co., Ltd. and chairman, general manager and the secretary to CPC Committee of SDG Mineral Resources Group Co., Ltd. and chairman and the secretary to CPC Committee of Shandong Gold Geological Mine Exploration Co., Ltd.,member of CPC Committee of Shandong Gold Group Co., Ltd. and president and the secretary to CPC Committee of Resources Exploration Business Department of Shandong Gold Mining Co., Ltd., deputy general manager, president and the secretary to CPC Committee of Overseas Mining Business Department of Shandong Gold Mining Co., Ltd. He currently serves as member of CPC Committee of Shandong Gold Group Co., Ltd., vice chairman of Shandong Gold Mining Co., Ltd., and the secretary to CPC Committee of and person in charge of the Mining Management Branch of Shandong Gold Mining Co., Ltd.