The board of directors of CITIC Resources Holdings Limited announced that Mr. Qiu has resigned as a Vice-Chairman and the Chief Executive Officer of the company with effect from October 19, 2015 and will remain as an executive director of the company and a member of the remuneration committee of the Board; and Mr. Suo has been appointed an alternate director to Mr. Qiu and the Acting Chief Executive Officer of the company with effect from October 19, 2015. Mr. Suo is a director and the managing director of CITIC United Asia Investments Limited.