South Manganese Investment Limited announced that an independent investigation committee (the "Independent Investigation Committee"), comprising Mr. Zhang Yupeng, Mr. Yuan Mingliang and Mr. Lo Sze Hung, all independent non-executive Directors, was established on 31 March 2023. The duties and purposes of the Independent Investigation Committee is to commission and lead the investigation to be conducted by independent professional advisor(s) on the addressed audit issues as requested by the Auditor.