Aowei Holding Limited — Board/Management Information 2016

Mar 30, 2016

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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HENGSHI MINING INVESTMENTS LIMITED 恒實礦業投資有限公司

(incorporated in the British Virgin Islands and continued in the Cayman Islands with limited liability)

(Stock Code: 1370)

RESIGNATION OF EXECUTIVE DIRECTOR APPOINTMENT OF EXECUTIVE DIRECTOR AND CHANGE OF CHIEF EXECUTIVE OFFICER

The Board announces that with effect from 30 March 2016:

1. Mr. Xia has resigned as an executive Director and the chief executive officer of the Company;

2. Mr. Li has been appointed as an executive Director; and

3. Mr. Huang has been appointed as the chief executive officer of the Company.

RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

The board (the “ Board ”) of directors (the “ Director(s) ”) of Hengshi Mining Investments Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) announces that Mr. Xia Guoan (“ Mr. Xia ”) has resigned as an executive Director and the chief executive officer of the Company with effect from 30 March 2016 due to the need to devote more time for his other business commitments.

Mr. Xia has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its sincere gratitude to Mr. Xia for his contributions to the Company during his tenure of office.

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APPOINTMENT OF EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. Li Jinsheng (李金生) (“ Mr. Li ”) has been appointed as an executive Director with effect from 30 March 2016.

Biographical details of Mr. Li are set out as follows:

Mr. Li Jinsheng (李金生), aged 53, possesses over 10 years of experience in operation and administration in the mining industry. From January 2005 to February 2006, Mr. Li served as the general manager of Laiyuan Xinxin Mining Co., Ltd. (淶源鑫鑫礦業有限公司), an indirectly wholly owned subsidiary of the Company. From February 2006 to March 2012, Mr. Li was the general manager of Laiyuan County Aoyu Steel Co., Ltd. (淶源縣奧宇鋼鐵有限公 司). From April 2012 to March 2016, Mr. Li served as the deputy general manager of Hebei Aowei Industrial Group Co., Ltd. (河北奧威實業集團有限公司) and was responsible for assisting the general manager in the business operation and development of the company. Mr. Li was also appointed as a director and the general manager of Laiyuan County Aowei Mining Investments Co., Ltd. (淶源縣奧威礦業投資有限公司), an indirect wholly-owned subsidiary of the Company, with effect from 30 March 2016 and will be responsible for its business management and daily operations.

Save as disclosed above, Mr. Li does not hold any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years or any other positions in the Group or other major appointments and professional qualifications as at the date of this announcement.

As at the date of this announcement, Mr. Li does not have any relationship with other Directors, senior management, substantial or controlling shareholders of the Company and he has no interests in the shares of the Company or any of its associated corporation within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong (the “ SFO ”)).

Mr. Li will enter into a director’s service agreement with the Company for a term of three years commencing on 30 March 2016 but will be subject to retirement by rotation and reelection at annual general meetings of the Company in accordance with the articles of association of the Company. Mr. Li is not entitled to any director’s fee, but he is entitled to receive a salary of RMB360,000 per annum for his management services to the Group and a discretionary bonus as approved by the Board (subject to final confirmation upon execution of the relevant service agreement). The annual emolument of Mr. Li is determined by the Board with reference to his experience, duties and responsibilities within the Group.

Save as disclosed above, there are no other matters relating to the appointment of Mr. Li that need to be brought to the attention of the shareholders of the Company and there is no other information that should be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

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CHANGE OF CHIEF EXECUTIVE OFFICER

Following the resignation of Mr. Xia as, inter alia, chief executive officer of the Company, Mr. Huang Kai (“ Mr. Huang ”), an executive Director, has been appointed as the chief executive officer of the Company with effect from 30 March 2016.

Biographical details of Mr. Huang are set out as follows:

Mr. Huang Kai (黃凱), aged 42, has been appointed as an executive Director since 20 July 2013. Mr. Huang has approximately 10 years of management experience. From March 2004 to February 2012, he successively served as the head of corporate governance department, the assistant general manager and a deputy general manager of Laiyuan County Aoyu Steel Co., Ltd. (淶源縣奧宇鋼鐵有限公司) (“ Aoyu Steel ”). Mr. Huang joined the Group in March 2010 as the vice chief of the preparatory group and was responsible for establishing Laiyuan County Aowei Mining Investments Co., Ltd. (淶源縣奧威礦業投資有限公司) (“ Aowei Mining ”), an indirectly wholly-owned subsidiary of the Company. He has been a standing deputy general manager of Aowei Mining since February 2012. He gained substantial management experience during his employment with Aoyu Steel and Aowei Mining.

Mr. Huang attended the continuing education course of iron and steel at Tsinghua University from July 2004 to October 2005. He obtained a bachelor’s degree in Business Management from Renmin University of China in June 2013 by correspondence. He was named the Outstanding Individual of Hebei Province Metallurgy Industry (河北省冶金行業先進工作 者) of Hebei Province Metallurgical Industry Association in April 2009 in recognition of his contribution to the mining industry.

Save as disclosed above, Mr. Huang does not hold any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years or any other position in the Group or other major appointments and professional qualifications.

As at the date of this announcement, Mr. Huang does not have any relationship with other Directors, senior management, substantial or controlling shareholders of the Company and he has no interests in the shares of the Company which are required to be disclosed pursuant to Part XV of the SFO.

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Mr. Huang has entered into a director’s service contract with the Company for a term of three years commencing from 28 November 2013 which is subject to termination in accordance with the terms thereof. Mr. Huang’s directorship is also subject to retirement by rotation and reelection at annual general meeting of the Company in accordance with its articles of association of the Company.

Mr. Huang is not entitled to any director’s fee, but he is entitled to receive a salary of RMB312,000 per annum as the chief executive officer of the Company and a discretionary bonus as approved by the Board. The annual emolument of Mr. Huang is determined by the Board with reference to his experience, duties and responsibilities within the Group.

Save as disclosed above, there are no other matters relating to the appointment of Mr. Huang that need to be brought to the attention of the shareholders of the Company and there is no other information that should be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules.

By order of the Board Hengshi Mining Investments Limited Mr. Li Yanjun Chairman

Beijing, 30 March 2016

As at the date of this announcement, the executive Directors are Mr. Li Yanjun, Mr. Leung Hongying Li Ziwei (also known as Li Ziwei), Mr. Li Jinsheng, Mr. Sun Jianhua, Mr. Huang Kai and Mr. Tu Quanping and the independent non-executive Directors are Mr. Ge Xinjian, Mr. Meng Likun and Mr. Kong Chi Mo.

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