Golden Resources Development International Limited announces that Mr. TSANG Siu Hung ("Mr. Tsang") has resigned as an Executive Director of the Company due to retirement with effect from 2 April 2024. Mr. Tsang has confirmed that he has no disagreement with the Board and is not aware of any matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board announces that Mr. TSANG Chun Yiu ("Mr. Tsang"), has been appointed as an Executive Director of the Company with effect from 2 April 2024.

Mr. TSANG Chun Yiu, aged 54, graduated with a Master of Arts Degree from Macquarie University, Australia and a Master of Science Degree in Project Management from Curtin University of Technology, Australia. He is a member of the Hong Kong Institute of Certified Public Accountants, a fellow member of the Institute of Chartered Accountants in England and Wales and a member of the Australian Institute of Project Management. Mr. Tsang has more than 20 years of extensive experience in accounting, finance and management.

Mr. Tsang has been appointed as the Group Chief Financial Officer of the Company since October 2023. Mr. Tsang was an assistant to chairman of Neway Group Holdings Limited (a company listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), from December 2021 to October 2023 and was a chief financial officer of Nimble Holdings Company Limited from March 2018 to January 2021. He was also a senior financial controller, chief financial officer, company secretary and authorized representative of Nature Home Holding Company Limited (a company listed on the Stock Exchange, stock code: 2083 and was delisted from the Stock Exchange on 19 October 2021) from August 2011 to November 2015.

Mr. Tsang was appointed as an independent non-executive director of Universal Star (Holdings) Limited (a company listed on the Stock Exchange, and was delisted from the Stock Exchange on 26 January 2024) from 30 December 2020 to 15 June 2021. Mr. Tsang was a board director of Shanghai Zijiang Enterprise Group Co. Ltd., a company listed on the Shanghai Stock Exchange, from March 1999 to December 2006.

The Board announces that, with effect from 2 April 2024, Mr. Ronald YAN Mou Keung ("Mr. Yan") has resigned as an Independent Non-executive Director, the member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company due to his other engagements. Mr. Yan confirmed that he has no disagreement with the Board and is not aware of any matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board announces that, with effect from 2 April 2024, Mr. Jeffrey LAM Kin Fung ("Mr. Lam") has been appointed as an Independent Non-executive Director, a member of each of the Remuneration Committee and the Nomination Committee of the Company.

Mr. Jeffrey LAM Kin Fung GBM, GBS, JP, aged 72, holds a bachelor's degree in mechanical engineering from Tufts University in the United States. Mr. Lam has over 30 years of experience in the industrial and commercial sectors and is currently the managing director of Forward Winsome Industries Limited, a company engaged in toy manufacturing. He holds several public and community service positions including being a non-official member of the Executive Council and a member of the Legislative Council of the Hong Kong Special Administrative Region, a member of the General Committee of the Hong Kong General Chamber of Commerce and the Federation of Hong Kong Industries.

Mr. Lam served as a member of the National Committee of the Chinese People's Political Consultative Conference, chairman of the Assessment Committee of Mega Events Fund and the Independent Commission Against Corruption (ICAC) Complaints Committee and a non-executive director of the Hong Kong Mortgage Corporation Limited. Mr. Lam is an independent non-executive director of the companies listed on the Stock Exchange namely Chow Tai Fook Jewellery Group Limited, China Overseas Grand Oceans Group Limited, Wynn Macau, Limited, CWT International Limited, i-CABLE Communications Limited, Wing Tai Properties Limited, Analogue Holdings Limited, CSC Holdings Limited and CC Land Holdings Limited . Mr. Lam has resigned as an executive director of the company listed on the Stock Exchange namely USPACE Technology Group Limited (formerly known as Hong Kong Aerospace Technology Group Limited, with effect from 28 November 2023.

The Board announces that, with effect from 2 April 2024, Mr. Dennis LAM Saihong, the Non-executive Director of the Company, has been appointed as a member of the Audit Committee of the Company.