Qiniu Limited — Board/Management Information 2012

Feb 22, 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 INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. CHO Min-Je has been appointed as an independent non-executive director of the Company with effect from 22 February 2012.

The board (the “ Board ”) of directors (the “ Directors ”) of Siberian Mining Group Company Limited (the “ Company ”) is pleased to announce that Mr. CHO Min-Je (“ Mr. Cho ”) has been appointed as an independent non-executive director of the Company with effect from 22 February 2012.

Mr. Cho, aged 44, graduated from Seoul National University with a Bachelor Degree in Business Administration in 1993. He was admitted to the Korean Bar Association in 1997. Mr. Cho has extensive experience in practices in mergers and acquisitions, corporate restructuring, finance and securities, civil and criminal litigation, and in general corporate areas. He currently practises as a solicitor at Sigong Law P.C., of which he holds a partner position. He is currently a member of Securities Law Forum and also a member of Korea Securities Law Association.

Save as disclosed above and as far as the Directors are aware of, Mr. Cho does not hold any other positions in the Company or any of its subsidiaries as at the date hereof. Since 30 December 2009 he has been appointed as an independent director of Tongyang Value Ocean Special Purpose Acquisition Company, the securities of which are listed on KOSPI (Korea Composite Stock Price Index) of Korea Stock Exchange, and apart from this, he did not hold any other 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 22 February 2012, Mr. Cho is appointed as an independent non-executive director for a fixed term of one year commencing from 22 February 2012, subject to retirement and will be eligible for re-election at the next annual general meeting of the Company, and the usual retirement by rotation and re-election 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

* For identification purpose only

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not less than one month’s prior notice in writing to the other party. He will be entitled to receive a director 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, Mr. Cho is not entitled to any other benefits.

Save as disclosed above, the Board is not aware of any other matters relating to Mr. Cho’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. Cho.

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

Hong Kong, 22 February 2012

As at the date of this announcement, the Board consists of Mr. Lim Ho Sok and Mr. Shin Min Chul 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 www.ilinkfin.net/siberian_mining.

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