The board of directors of Silver Grant International Industries Limited announced that the Mr. Kang Dian has resigned as independent non-executive director of the company with effect from February 28, 2014 due to his other personal commitments which require more of his time. Mr. Kang also ceased to be a member of the audit committee and the remuneration committee of the company upon his resignation. Mr. Kang has confirmed that he has no disagreement with the Board of the company.

The company announced that the Mr. Liang Qing has been appointed as independent non-executive director of the company with effect from February 28, 2014. Mr. Liang also act as a member of the audit committee and remuneration committee of the company upon his appointment. Mr. Liang is currently a director and the general manager of China Minmetals H.K. (Holdings) Limited.

Mr. Liang is also an executive director of Jiangxi Copper Company Limited. Mr. Liang has abundant experience in international trading and investment.