The board of directors of China Vanadium Titano-Magnetite Mining Company Limited announced executive changes with effect from 1 January 2018. Mr. Zheng Zhiquan has resigned as an controller of the company due to his desire to devote more time to his personal endeavors. Mr. Hao Xiemin has been appointed as an executive Director and the financial controller of the Company in place of Mr. Zheng and Mr. Wang Hu has been appointed as an executive director. Mr. Hao, aged 36, has been the financial manager of the Company since January 2012 and has now been promoted to the financial controller of the company in place of Mr. Zheng. Mr. Wang Hu has been appointed as an executive Director. Mr. Wang has been the assistant to the then chairman and the manager of legal and compliance department of the company, and the manager of legal and compliance department and a director of Huili Caitong since August 2008.