Liu Yi

Mr. Liu has been an independent non-executive director of the Company since 4 September 2009. Mr. Liu is also the chairman of the remuneration committee and a member of the audit committee, and the nomination committee of the Company. Mr. Liu has been working at Sichuan Metallurgical Design and Research Institute since July 1987, engaging in project consulting, beneficiation process and mining design, feasibility study and relevant engineering design work and specialising in mineral processing engineering. His past experiences in mining design projects include constructing iron concentrate production lines of various capacities and mining operations planning for vanadium-bearing titano-magnetite mines. He is the deputy chief engineer, the director, and the chief project designer of the mining engineering institute of Sichuan Metallurgical Design and Research Institute. He is also a Work Safety Expert in Sichuan* appointed by Sichuan Administration of Work Safety* and Sichuan Administration of Coal Mine Safety*. Mr. Liu graduated from the faculty of mining resource engineering of Xi’an Metallurgy and Architecture College*, now known as Xi’an University of Architecture and Technology, in Shaanxi and received a bachelor’s degree in engineering in 1987.