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.



(Incorporated in Bermuda with limited liability)

(Stock Code: 00340) APPOINTMENT OF EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER

The Board announces that Mr. Yeung Kwok Kuen will be appointed as an executive director and the Chief Financial Officer of the Company with effect from 1 December 2014.

The board of directors (the "Board") of China Mining Resources Group Limited (the "Company") announces that Mr. Yeung Kwok Kuen ("Mr. Yeung") will be appointed as an executive director of the Company with effect from 1 December 2014. Mr. Yeung will also be appointed as the Chief Financial Officer with effect from 1 December 2014.
Mr. Yeung, aged 41, graduated from The Chinese University of Hong Kong with a bachelor degree in Professional Accountancy and obtained a master degree in Corporate Finance from The Hong Kong Polytechnic University. He is a fellow member of the Hong Kong Institute of Certified Public Accountants and a fellow member of The Association of Chartered Certified Accountants. Mr. Yeung has over 18 years of experience in handling accounting and finance matters. Mr. Yeung, was previously an executive director of the Company for the period from 17 January 2007 to 28
February 2014, and also held the position as the qualified accountant and chief financial officer of the Company during that period. Mr. Yeung resigned as an executive director of the Company on 28 February 2014. Given that Mr. Yeung has served the Group for a long time and has been an important member of the senior management of the Group, the Board is glad to have Mr. Yeung to re-join the senior management of the Group as an executive director of the Company. From 2004 to
2006, Mr. Yeung was the chief financial officer of a trading and manufacturing group and prior to this, Mr. Yeung was the manager of an international accounting firm.
Pursuant to a letter of appointment dated 27 November 2014 entered into between the Company and Mr. Yeung, the appointment of Mr. Yeung as an executive director and the Chief Financial Officer of the Company has no fixed term and is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the Bye-Laws of the Company. Mr. Yeung is entitled to an annual remuneration of HK$1,200,000. Mr. Yeung's remuneration was fixed with reference to his duties and responsibilities with the Company as well as the Company's remuneration policy.

* For identification purpose only

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Save as disclosed herein, (a) Mr. Yeung does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company or its subsidiaries; and (b) there are no other matters concerning Mr. Yeung that need to be brought to the attention of the shareholders of the Company nor any information to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules.
As at the date of this announcement, Mr. Yeung does not have any other interests in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The Board would like to take this opportunity to welcome Mr. Yeung to re-join the Board.
By order of the Board

China Mining Resources Group Limited Wang Hui

Executive Director

Hong Kong, 27 November 2014

As at the date of this announcement, the Board comprises Mr. Wang Hui and Mr. Fang Yi Quan as executive directors, Mr. Chong Cha Hwa, Mr. Chu Kang Nam and Mr. Ngai Sai Chuen as independent non-executive directors.

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