The board of directors of China Vanadium Titano-Magnetite Mining Company Limited announced that Mr. Yu Xing Yuan resigned as a non-executive director and a member of the audit committee of the company with effect from 29 February 2016 due to Mr. Yu s desire to devote more time to his personal endeavours. The board further announced that Mr. Wu Wen has been appointed as a member of the sudit committee with effect from 29 February 2016.