Qiniu Limited — Board/Management Information 2012

Mar 29, 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)

CHANGE OF CHAIRMAN OF REMUNERATION COMMITTEE AND ESTABLISHMENT OF NOMINATION COMMITTEE

CHANGE OF CHAIRMAN OF REMUNERATION COMMITTEE

The board of Directors (the “ Board ”) of Siberian Mining Group Company Limited (the “ Company ”) hereby announces that in order to comply with the forthcoming amendments to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) which will be effective on 1 April 2012, Mr. Lim Ho Sok no longer acts as the chairman of the Remuneration Committee of the Company (the “ Remuneration Committee ”) and he remains as a member of the Remuneration Committee with effect from 29 March 2012, and Mr. Liew Swee Yean, an independent non-executive director of the Company and a member of the Remuneration Committee, is appointed as the chairman of the Remuneration Committee also with effect from 29 March 2012.

ESTABLISHMENT OF NOMINATION COMMITTEE

The Board is pleased to announce that a nomination committee (the “ Nomination Committee ”) of the Company has been established by the Board, and its written terms of reference have been adopted, with effect from 29 March 2012.

The members of the Nomination Committee are appointed by the Board and comprise of Mr. Lim Ho Sok, the chairman of the Board and an executive director of the Company, and two independent non-executive directors, namely, Mr. Cho Min Je and Mr. Liew Swee Yean. Mr. Lim Ho Sok is also appointed as the chairman of the Nomination Committee.

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

Hong Kong, 29 March 2012

As at the date of this announcement, the Board comprises Mr. Lim Ho Sok and Mr. Shin Min Chul as executive directors of the Company, Mr. Pang Ngoi Wah Edward as non-executive director of the Company and Cho Min Je, Mr. Liew Swee Yean, Mr. Tam Tak Wah and Mr. Young Yue Wing Alvin as independent nonexecutive directors of the Company.

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 www.ilinkfin.net/siberian_mining.

* For identification purpose only