The board of directors of China Vanadium Titano-Magnetite Mining Company Limited announced that Mr. Wang Jin ('Mr. Wang') resigned as a non-executive Director and a member of the remuneration committee of the Company with effect from June 27, 2014 due to Mr. Wang's desire to devote more time to his personal endeavours. With effect from June 27, 2014, Mr. Jiang Zhong Ping was appointed as a member of the Remuneration Committee.