Qiniu Limited — Board/Management Information 2012

Aug 31, 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.

SIBERIAN MINING GROUP COMPANY LIMITED 西伯利亞礦業集團有限公司 [*]

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1142)

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. CHOI Jun Ho has been appointed as an executive director of the Company with effect from 1 September 2012.

The board (the “ Board ”) of directors (the “ Directors ”) of Siberian Mining Group Company Limited (the “ Company ”) is pleased to announce that Mr. CHOI Jun Ho (“ Mr. Choi ”) has been appointed as an executive director of the Company with effect from 1 September 2012.

Mr. Choi, aged 35, graduated in 2002 from Seoul National University with a Bachelor Degree in Liberal Arts, majoring in Philosophy. Mr. Choi has extensive experience in corporate finance, mergers and acquisitions, banking and securities. Prior to joining a direct wholly-owned subsidiary of the Company as a general manager in 2009, he held managerial positions in Korea commercial banks. He has been appointed as a director of an indirect wholly-owned subsidiary of the Company since 1 February 2010.

Save as disclosed above and as far as the Directors are aware of, Mr. Choi does not hold any other positions in the Company or any of its subsidiaries as at the date hereof. He did not hold any directorship in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas. He does not have any relationship with any other Directors, senior management or substantial or controlling shareholders (as defined in the Rules (the “ Listing Rules ”) Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited) of the Company, nor has he any interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) as at the date of this announcement.

Pursuant to a letter of appointment dated 1 September 2012, Mr. Choi is appointed as an executive director for an initial term of one year commencing from 1 September 2012 and thereafter could be extended for a further term of one year at a time until terminated by either party, subject to retirement and will be eligible for reelection at the next annual general meeting of the Company, and the usual retirement by rotation and reelection at the subsequent annual general meetings of the Company in accordance with the articles of association of the Company, and either party may early terminate the letter of appointment by giving not less than one month’s prior notice in writing to the other party. He will be entitled to receive a director’s fee of HK$240,000 per annum, which is determined with reference to his qualification, relevant duties and responsibilities within the Company and the prevailing market conditions, and approved by the Remuneration Committee of the Company. Save as the director’s fee disclosed herein and a staff quarter rented by the Group for his appointment as a general manager of a direct wholly-owned subsidiary of the Company, Mr. Choi is not entitled to any other benefits.

* For identification purpose only

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Save as disclosed above, the Board is not aware of any other matters relating to Mr. Choi’s appointment that should be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules, nor are there other matters that need to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its warmest welcome to Mr. Choi.

By order of the Board Siberian Mining Group Company Limited Lim Ho Sok Chairman

Hong Kong, 1 September 2012

As at the date of this announcement, the Board consists of Mr. Lim Ho Sok and Mr. Choi Jun Ho as executive Directors, Mr. Pang Ngoi Wah Edward as non-executive Director, and Mr. Cho Min Je, Mr. Liew Swee Yean, Mr. Tam Tak Wah and Mr. Young Yue Wing Alvin as independent non-executive Directors.

This announcement will remain on the website of the Stock Exchange at www.hkexnews.hk on the “Latest Listed Company Information” page for at least 7 days from the date of its posting and on the Company’s website at http://siberian.todayir.com.

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