Strengthening the Expert Executive Team: Driving Competitiveness with a Talent Engine
At the beginning of 2026, Chifeng Gold announced two key executive appointments: Mr. Feng Tao has been appointed Vice President and Chief Engineer, and Mr. Zhang Tianhang has been appointed Vice President. Following its successful "A+H" share listing, Chifeng Gold has taken a significant step forward with the addition of these two international mining experts. This move signifies that the Company's organizational upgrade is evolving from "point-specific reinforcement" to a new phase of "systematic iteration."
Previously, in October 2025, the Company successfully concluded its Board of Directors election and adjusted its senior management team. Mr. Wang Jianhua was re-elected as Chairman. Mr. Gao Bo, who brings experience managing both domestic and international mines, was appointed Vice Chairman and CEO. Ms. Lydia Yang and Mr. Lyu Xiaozhao were appointed Vice Chairpersons, joining Mr. Zhao Qiang, Mr. Zhou Xinbing, Mr. Mario Wong, Mr. Chen Zhiyong, Mr. Dong Shubao, and others to form the new management team.
Concurrently, the Company optimized its internal organizational structure and processes. This series of organizational adjustments is not merely isolated personnel changes but a proactive transformation driven by Chifeng Gold's strategic foresight – building momentum for a new round of strategic initiatives through a more specialized team and a more efficient management framework.
Beyond Just "People": A Reshaping of the Management Structure
Mr. Feng Tao, the newly appointed Vice President and Chief Engineer, is a seasoned expert in international mining technology management with over 20 years of experience in geological exploration. He held key positions in major international mining companies or their affiliates, including Barrick, Eldorado Gold, and Ivanhoe Mines, and is also a Fellow of the Society of Economic Geologists. His addition will further enhance the Company's professional judgment and technical control in resource exploration, providing solid support for "exploring boundaries and extending depth" in existing mines, ensuring resource continuity, and advancing key construction projects.
The other newly appointed Vice President, Mr. Zhang Tianhang, possesses both international perspective and local practical experience. He holds a bachelor's degree in mining engineering from Northeastern University (China) and a master's degree from the University of British Columbia, Canada. He held core management positions at Selwyn Mines in Canada, Eldorado Gold, and Shanjin International Gold. His core mission is to deeply integrate advanced international lean operation concepts into the Company's production management system, driving continuous improvement in mine operational efficiency and cost control.
The arrival of these two industry experts directly strengthens the Company's core professional capabilities in resources and operations. At the moment, the Company is advancing upgrades to its management mechanisms. A new Domestic Business Division has been established to break down management barriers between subsidiaries and enhance resource synergy and control. A Planning and Evaluation Department has been created to provide strong support for decision-making through more refined planning management, operational tracking, and performance evaluation. Adjustments have also been made to the operating teams of some subsidiaries, particularly overseas mines. The Company has appointed Mr. Xu Weijun as General Manager of the Domestic Business Division, Mr. Chen Shuai as CEO of GSWL; Mr. Zhao Guanghui has been promoted from Deputy General Manager to General Manager of LXML, and Mr. Wu Yinglin has been appointed Deputy General Manager of LXML. The arrival or new appointments of these industry professionals further solidify the Company's technical and management strength in key areas such as geology, survey, and mining, enhance the operational management capabilities of subsidiaries, and inject new momentum into the professional upgrading of the Company's entire business chain.
As Chairman Wang Jianhua stated, "The bigger the tree, the more space it needs." From talent acquisition to system design, Chifeng Gold is building an organizational framework capable of supporting its global strategy, ensuring that organizational capability becomes a solid foundation for strategic execution.
Organizational Iteration for "Strategic Breakthroughs"
Based on the released performance alert, Chifeng Gold achieved significant profit growth in 2025. However, the Company's management always has its sights set on the larger challenges ahead: increasing production, controlling costs, and securing resources.
At the 2025 Annual Work Meeting, Chairman Wang Jianhua put out the requirements that "The Chifeng Gold team must possess the drive to proactively initiate changes and self-reform in response to external changes and to achieve goals at different stages." He expects the new management team to transform the successful exploration experience of the Sepon mine into a replicable technical paradigm, embed advanced international operational concepts into the existing management system, and use this as a starting point for sustained strategic breakthroughs, aiming "to create even greater and more significant changes in 2026."
The Company has defined 2026 as a critical year for transitioning from "stable operations" to "strategic breakthroughs." Achieving these tangible goals ultimately depends on whether the organization can operate efficiently and whether management can be implemented precisely. The recent strengthening of the executive team and optimization of the organizational structure are the Company's proactive response to the challenges of its strategic tasks.
Improved Organization for Higher Goals
The continuous optimization of the management structure and the accelerated integration of professional talent inject new development momentum into the Company. Chifeng Gold will further enhance its professional standards in dimensions such as global resource M&A, technical standard alignment, and ESG governance, continuously expanding its global resource footprint.
Looking ahead, the Company will continue to anchor itself in its core gold business, deeply cultivate resource exploration, and accelerate key projects. The new management team is steadily advancing towards the goal of developing Chifeng Gold into "a prominent gold producer well recognized around the world" with enhanced professional capabilities, an open attitude, and firm steps.