Qiniu Limited — Board/Management Information 2017

Dec 6, 2017

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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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)

RESIGNATION OF EXECUTIVE DIRECTOR

The board of directors (the “ Board ”) of Siberian Mining Group Company Limited (the “ Company ”) received a written resignation letter dated 5 December 2017 from Mr. Su Run Fa (“ Mr. Su ”) as an executive director of the Company on 6 December 2017.

Mr. Su indicated that he disagreed with the handling of the litigation initiated by Daily Loyal Limited against the Company and Mr. Hong Sang Joon (“ Mr. Hong ”, an executive director of the Company) (litigation as announced by the Company on 12 May 2017 and 16 June 2017, respectively). Mr. Su also had no knowledge about the personal actions and relationships of Mr. Hong regarding the complaints sent by Token Century Limited concerning their dispute with Gold Ocean.

Mr. Su pointed out that the requisition from Pioneer Centre Limited (as announced by the Company on 29 November 2017) did not provide any valid reason for the requisition to remove him as a director of the Company. Mr. Su did not agree with the opinion of the majority of the Board in certain areas and he did not want to be further held legally accountable to the actions of Mr. Hong and the Company regardless of the outcome of the requisition. Therefore, Mr. Su decided to resign from his position as executive director of the Company effective immediately.

Mr. Su’s resignation will take effect immediately upon the Company’s receipt of his resignation letter as mentioned above and the approval of the Board on 6 December 2017. Upon his resignation, Mr. Su will no longer hold any position in the Company and its subsidiaries.

By Order of the Board Siberian Mining Group Company Limited Hong Sang Joon Chairman

Hong Kong, 6 December 2017

* For identification purpose only

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As at the date of this announcement, the board of the Company consists of Mr. Hong Sang Joon and Mr. Jo Sang Hee as executive directors, and Mr. Kwok Kim Hung Eddie, Mr. Lai Han Zhen and Mr. Lee Sungwoo as independent non-executive directors.

This announcement will remain on the website of The Stock Exchange of Hong Kong Limited 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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