The Board of Directors of Hidili Industry International Development Limited announced that Ms. Cheng Yuanyun and Mr. Zhuang Xianwei are appointed as executive directors of the company with effect from December 13, 2015. Ms. Cheng, aged 41, is currently the Executive President (in charge of financial matters) of the company and is responsible for overseeing the internal financial affairs. Prior to joining the Company in 2008, Ms. Cheng worked as the head of the National Tax Administration of Yanbian County, Panzhihua City and the chief of the international division at the National Tax Administration of Panzhihua City.

Mr. Zhuang, aged 45, is currently the General Manager of Coal Mines of the Company and is responsible for the operation of the company's coal mines. He is also president of the company's subsidiary, Hidili Industry (China) Group Limited and chairman of two of the company's subsidiaries, namely Yunnan Dongyuan Hidili Coal Industry Company Limited and Liupanshui Hidili Industry Company Limited. The Board further announced that Ms. Xu Man Zhen is appointed as an independent non-executive director and the member of the Audit Committee, Remuneration Committee and Nomination Committee with effect from December 13, 2015.

Ms. Xu is the director of Sichuan Daohe Law Firm since 2001.