Mr. Li Xiuchen, aged 54, was born in 1963. He graduated from Shenyang Institute of Gold Technology majoring in mine engineering with the qualification of a professor-level senior engineer. He is an Executive Director and the President of the Company. Currently, Mr. Li is the chairman (legal representative) of Shandong Ruiyin Mining development Company Limited (山东瑞银矿业发展有限公司), the chairman (legal representative) of Laizhou City Mining Company Limited (莱州巿瑞海矿业有限公司), the Chairman (legal representative) of Shandong Wucailong Investment Company Limited, a director of Shanghai Jiuzhuang Business Management Company Limited (上海久莊企業管理有限公司), a director of Dayu Zhishui (Resource) Holding Company Limited (大愚智水（資源）控股有限公司) and a director of Dayu Zhishui (China) High-Tech Company Limited (大愚智水中國高科技有限公司). Mr. Li has more than 30 years of experience in the gold production industry. Mr. Li served as a technician of the production office of Luoshan Gold Mine, the deputy supervisor, co-ordination officer and first deputy mine manager of Daiqinjia Gold Mine, the deputy mine manager and deputy general manager at Beijie Gold Mine and Zhongkuang Gold Industry, the deputy general manager, chairman and general manager of Xinyuan Gold Technology Development Co., Ltd, and the senior Vice President of Zhaojin Mining. Mr. Li has been the vice president of the Company since February 2007 and served as the Executive Director of the Company since March 2012, and served as the executive president of the Company since February 2013. He has resigned from the position of executive president and served as the president of the Company since January 2014. Mr. Li has been granted numerous honorary awards, such as Science & Technology Outstanding Contribution Award of National Gold Industry in the 8th Five-Year Plan Period, Advanced Workers of Technology Management of National Gold Industry, National Excellent Workers of Facilities Management, Science and Technology Grade I Award by the China Gold Association, Shandong Gold Science and Technology Advancement Grade I Award, Labour Model of National Gold Industry in the 11th Five-Year Plan Period, National Equipment Management Outstanding Leader, and National Special Contribution Award of Equipment Management Outstanding Worker.