Dragon Mining Limited — Board/Management Information 2005

Jan 18, 2005

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims 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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SAMSON PAPER HOLDINGS LIMITED 森信紙業集團有限公司

(incorporated in Bermuda with limited liability)

(Stock Code: 731)

ANNOUNCEMENT RELATING TO CHANGES OF DIRECTORS

The Board is pleased to announce (i) the appointment of Mr. Ng Hung Sui, Kenneth as an independent non-executive director of the Company and (ii) the re-designation of Mr. Lau Wang Yip, Eric, an independent non-executive director of the Company, as a non-executive director of the Company, both with effect from 18th January 2005.

The board of directors (the “Board”) of Samson Paper Holdings Limited (the “Company”) is pleased to announce (i) the appointment of Mr. Ng Hung Sui, Kenneth as an independent nonexecutive director of the Company and (ii) the re-designation of Mr. Lau Wang Yip, Eric, an independent non-executive director of the Company, as a non-executive director of the Company, both with effect from 18th January 2005. After the re-designation, he remains as a member of the Audit Committee of the Company.

Mr. LAU Wang Yip, Eric (“Mr. LAU”), aged 38, is a solicitor practicing in Hong Kong. Mr. LAU holds a bachelor’s degree in laws from the University of Hong Kong. He was admitted as a solicitor in Hong Kong in 1992. He was also admitted as a solicitor in England and Wales in 1993 and as a legal practitioner in Tasmania, Australia in 1994. He is currently a partner of Messrs. Joseph Chu, Lo & Lau. He had been an independent non-executive director of the Company since 1997. Mr. LAU has not been a director of any other listed public company during the past three years.

Mr. LAU has not entered into any service contract with the Company. His re-designation as a nonexecutive director of the Company is not for a fixed term but is subject to retirement by rotation and re-election in accordance with the bye-laws of the Company. The director’s fee payable to Mr. LAU will be fixed by the Board with reference to market conditions and his duties and responsibilities with the Company subject to shareholders’ approval at annual general meeting. Mr. LAU does not have any interest in any shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Mr. LAU does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. Messrs. Joseph Chu, Lo & Lau, a firm of solicitors in Hong Kong of which Mr. LAU is a partner has been providing legal services to the Company and its subsidiaries and has received normal professional fees in respect of the provision of such services.

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Mr. NG Hung Sui, Kenneth (“Mr. NG”), aged 38, is a solicitor practicing in Hong Kong. Mr. NG holds a bachelor’s degree in laws from the University of Hong Kong. He was admitted as a solicitor in Hong Kong in 1992. He was also admitted as a solicitor in England and Wales in 1993 and as a legal practitioner in Tasmania, Australia in 1994. He joined Messrs. Yaddy Cheung & Co, a firm of solicitors in Hong Kong in 1992 and is currently a partner of such firm. Mr. NG has not been a director of any listed public company during the past three years.

Mr. NG has not entered into any service contract with the Company. His appointment as an independent non-executive director is not for a fixed term but is subject to retirement by rotation and re-election in accordance with the bye-laws of the Company. The director’s fee payable to Mr. NG will be decided by the Board with reference to market conditions and his duties and responsibilities with the Company subject to shareholders’ approval at annual general meeting. Mr. NG does not have any interest in any shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Mr. NG does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company.

The Board is not aware of any other matters in relation to the aforesaid changes of directors of the Company, which need to be brought to the attention of the shareholders of the Company.

The Board takes this opportunity to welcome Mr. NG to joining the Board.

By Order of the Board Samson Paper Holdings Limited SHAM Kit Ying Chairman

Hong Kong, 18th January, 2005

As at the date of this announcement, the Board comprises five executive directors, namely Mr. SHAM Kit Ying, Mr. LEE Seng Jin, Mr. CHOW Wing Yuen, Ms. SHAM Yee Lan, Peggy and Mr. LEE Yue Kong, Albert, one nonexecutive director, Mr. Lau Wang Yip, Eric and three independent non-executive directors, namely Mr. PANG Wing Kin, Patrick, Mr. TONG Yat Chong and Mr. NG Hung Sui, Kenneth.

Please also refer to the published version of this announcement in The Standard dated 19 January 2005.

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