Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.



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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1164) CHANGE OF DIRECTORS, CHANGE OF CHIEF FINANCIAL OFFICER, APPOINTMENT OF JOINT COMPANY SECRETARY, CHANGE OF COMPOSITION OF AUDIT COMMITTEE, REMUNERATION COMMITTEE AND NOMINATION COMMITTEE

The Board of the Company announces that:
1) Mr. Li has tendered his resignation as an executive Director, a chief financial officer and from memberships from all committees (if any) of the Company with effect from 5
December 2013.
2) Mr. Wei and Ms. Jin have each tendered their resignations as a non-executive Director and from memberships from all committees (if any) of the Company with effect from 5
December 2013. Mr. Wei has been re-designated as a vice president of the Company with effect from 5 December 2013. Ms. Jin has been appointed as the chief financial officer of the Company with effect from 5 December 2013.
3) Mr. Yu, Chairman of the Board and a non-executive Director of the Company has been re- designated as the chief executive officer and as an executive Director of the Company with effect from 5 December 2013.
4) Mr. He, an executive Director of the Company has been re-designated from the chief executive officer to an executive vice president of the Company with effect from 5
December 2013.
5) Mr. Zhou, Mr. Xing and Mr. Chen have each been appointed as a non-executive Director of the Company with effect from 5 December 2013.
6) Mr. Zhou has further been appointed as the Chairman of the Board with effect from 5
December 2013.
7) Ms. Lai has been appointed as the joint company secretary of the Company with effect from 5 December 2013.
8) Following the changes to the Directors set out above, corresponding changes have been made to the chairman and members of each of the Audit Committee, Remuneration Committee and Nomination Committee of the Company.
1

RESIGNATION OF DIRECTORS

The Board of the Company announces that due to the decision to devote more time to other career developments, Mr. Li has tendered his resignation as an executive Director and from memberships from all committees of the Company with effect from 5 December 2013.
The Board announces that due to the decision to devote more time to other career developments, Mr. Wei has tendered his resignation as a non-executive Director and from memberships from all committees (if any) of the Company with effect from 5 December 2013. Mr. Wei has been re- designated as a vice president of the Company with effect from 5 December 2013.
The Board announces that due to the decision to devote more time to other career developments, Ms. Jin has tendered her resignation as a non-executive Director and from memberships from all committees (if any) of the Company with effect from 5 December 2013. Ms. Jin has been appointed as the chief financial officer of the Company with effect from 5 December 2013. Details of her appointment as the chief financial officer is set out below.
Each of Mr. Li, Mr. Wei and Ms. Jin confirms that he/she does not have any disagreement with the Board and that there is no other matter relating to their resignations which need to be brought to the attention of the shareholders of the Company.
The Board would like to express its sincere gratitude to Mr. Li, Mr. Wei and Ms. Jin for their invaluable contribution to the Board during their term of office with the Company.

RE-DESIGNATION OF DIRECTORS Mr. Yu Zhiping

The Board announces that Mr. Yu, was re-designated from the Chairman and a non-executive Director of the Company to the chief executive officer and an executive Director of the Company with effect from 5 December 2013.
Mr. Yu, aged 50, a senior engineer, was appointed a non-executive Director of the Company on
18 August 2011. He is currently the general manager of CGNPC-URC. Prior to that, he was the secretary general of the Financial and Economic Affairs Committee, director of the research centre, and a general manager of the strategic planning department of CGNPC. Mr. Yu has over 23 years of experience in corporate management and uranium exploration. Mr. Yu is currently the chairman of Swakop Uranium (Pty) Limited and a non-executive director of North River Resources plc (which is listed on AIM of the London Stock Exchange, ticker: NRRP). Mr. Yu graduated with a bachelor's degree in engineering mechanics from Huazhong University of Science & Technology in 1985.
The length of service of Mr. Yu as an executive Director of the Company is determined in accordance with his service contract and the Articles. Mr. Yu's appointment may be terminated by Mr. Yu giving the Company three months' notice of termination and/or otherwise in accordance with the Articles.
As an executive Director of the Company, Mr. Yu is entitled to a fee of HK$950,000 per annum which has been determined with reference to his experience, duties and responsibilities with the Company.
2
As at the date of this announcement, Mr. Yu is (within the meaning of Part XV of the SFO) not interested in any shares of the Company.
Save as disclosed above, Mr. Yu is independent from and has no relationship with any Director, senior management, substantial shareholder or controlling shareholder of the Company nor has he held any directorship in any other listed public companies in the past three years or any other position with the Group.
Save as disclosed above, Mr. Yu confirms that there is no other information which is required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules.
Mr. Yu confirms that there is no other matter relating to his appointment which needs to be brought to the attention of the shareholders of the Company.

Mr. He Zuyuan

The Board announces that Mr. He, an executive Director of the Company, was re-designated from the chief executive officer of the Company to an executive vice president of the Company with effect from 5 December 2013.
Mr. He, aged 47, is an executive Director, executive vice president and authorised representative of the Company. He was appointed an executive Director on 18 August 2011. He joined CGN Group in 2007 and is currently a deputy general manager of CGNPC-URC. He had served as a chief financial officer of CGNPC-URC. Mr. He has over 21 years of experience in uranium exploration and financial management. He has worked for Nanjing Zhongda Group for 3 years, serving as its chief financial officer and vice president. Mr. He is currently a director of Beijing Sino-Kaz Uranium Resources Investment Company Limited, Energy Metals Ltd. (which is listed in Australia, stock code: EME), China Uranium Development Company Limited, North River Resources plc (which is listed on AIM of the London Stock Exchange, ticker: NRRP), Taurus Mineral Limited and Semizbay-U LLP. He was once a director of Kalahari Minerals and Extract Resources Pty Ltd. Mr. He graduated with a bachelor degree from East China Institute of Geology in 1988 and was also awarded an MBA degree from Tsinghua University.
The length of service of Mr. He as an executive Director of the Company is determined in accordance with his service contract and the Articles. Mr. He's appointment may be terminated by Mr. He giving the Company three months' notice of termination and/or otherwise in accordance with the Articles.
As an executive Director of the Company, Mr. He is entitled to a fee of HK$864,000 per annum which has been determined with reference to his experience, duties and responsibilities with the Company.
As at the date of this announcement, Mr. He is (within the meaning of Part XV of the SFO) not interested in any shares of the Company.
Save as disclosed above, Mr. He is independent from and has no relationship with any Director, senior management, substantial shareholder or controlling shareholder of the Company nor has he held any directorship in any other listed public companies in the past three years or any other position with the Group.
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Save as disclosed above, Mr. He confirms that there is no other information which is required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules.
Mr. He confirms that there is no other matter relating to his appointment which needs to be brought to the attention of the shareholders of the Company.

APPOINTMENT OF DIRECTORS Mr. Zhou Zhenxing

The Board announces that Mr. Zhou has been appointed as the Chairman and a non-executive
Director of the Company with effect from 5 December 2013.
Mr. Zhou, aged 56, is currently the chairman of the board of CGNPC-URC and the chairman of the board of Guangdong Daya Bay Nuclear Power Services (Group) Co., Ltd. Mr. Zhou joined China National Nuclear Corporation in March 1989 as an engineer of the general affairs division of the nuclear resources bureau department between March 1989 and May 1991 and was the deputy director of the general affairs division of the nuclear resources bureau department between June 1991 and December 1992, and subsequently the secretary to the executive deputy general
manager (which is the equivalent of head of divisions* (JE