ICO Group Limited — Board/Management Information 2012

Jan 18, 2012

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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ANNOUNCEMENT

Reference is made to the announcement of Guojin Resources Holdings Limited (the “Company”) dated 29 December 2011 in relation to, among other things, proposed change of company name and change of directors (the “Announcement”). Unless otherwise defined herein, terms used in this announcement shall have the same meanings as those defined in the Announcement.

The board of directors (the “Board”) of the Company is pleased to announce that the employment of Ms. Leung Mei Han (“Ms. Leung”) as an executive director of the Company commenced on 1 January 2012. There is no fixed term of employment, but the service agreement regarding her executive directorship in the Company will be terminable by either party by giving a six months’ notice. All directors of the Company are subject to retirement by rotation and re-election in accordance with provisions of the Bye-laws of the Company. Ms. Leung is entitled to an annual remuneration of HK$3,900,000 and a discretionary management bonus. The emoluments of Directors are determined by the Board having regard to the recommendation of the Remuneration Committee of the Company and with reference to the Directors’ contributions and relevant duties and responsibilities within the Company.

A circular relating to the proposed change of company name and re-election of retiring director will be dispatched by the Company on 20 January 2012. Shareholders are advised to refer to the circular for relevant details.

By order of the Board Guojin Resources Holdings Limited Yip Wai Lun, Alvin Chairman and Managing Director

Hong Kong, 18 January 2012

As at the date of this announcement, Mr. Yip Wai Lun, Alvin and Ms. Leung Mei Han are the executive Directors and Mr. Leung Ka Kui, Johnny, Mr. Chan Kam Kwan, Jason and Mr. Lau Man Tak are the independent non-executive Directors.

* For identification purpose only

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