Chifeng Jilong Gold Mining Co., Ltd. Announces Appointment of New Vice President and Chief Engineer

Key Highlights

• Chifeng Jilong Gold Mining Co., Ltd. has appointed Mr. Feng Tao as the new Vice President and Chief Engineer, effective 28 February 2026.
• The appointment follows a formal process including nomination by the CEO, review and recommendation by the Board’s nomination committee, and final Board approval.
• This leadership change could have significant implications for the company’s strategic direction, technical expertise, and operational performance.

Background and Professional Credentials of Mr. Feng Tao

• Mr. Feng Tao, aged 50, holds a Master’s Degree in Geology from Northwest University, China.
• He has over two decades of international experience in geological exploration and mining technology management.
• He is a Fellow of the Society of Economic Geologists and the Australasian Institute of Mining and Metallurgy.
• His career includes senior roles at globally recognized mining companies:
  • Placer Dome Inc. (subsidiary of Barrick Mining Corporation, NYSE: B, TSX: ABX)
  • Mundoro Mining Inc.
  • Eldorado (Beijing) Enterprise Management Co., Ltd. (subsidiary of Eldorado Gold Corporation, TSX: ELD, NYSE: EGO)
  • Vice President at Pangea Gold Corporation Limited (2016-2020)
  • Vice President, Technical Services Department at Ivanhoe Mining Consulting Services (Beijing) Co., Ltd. (2020-2025), a subsidiary of Ivanhoe Mines Ltd. (TSX: IVN, OTCQX: IVPAF)
  • China Vice President at Ivanhoe Mines Ltd. (January 2026)
• He has demonstrated competence and meets all regulatory requirements for senior management in PRC-listed companies.
• He has no connected relationships with existing directors, senior management, controlling shareholders, or significant shareholders (holding 5% or more).

Implications for Investors and Shareholders

• Shareholders should note that this is a senior leadership appointment involving an individual with extensive, international mining experience and technical expertise.
• The enhancement of the management team, particularly with someone of Mr. Feng Tao’s background, may signal the company’s intent to strengthen its technical capabilities and global operational standards. This could support future growth and potentially impact the company’s valuation.
• The market may view this appointment as positive, especially given Mr. Feng Tao’s proven track record at leading global mining firms. This could be a price-sensitive development and may influence the company’s share price in the near- to medium-term, depending on investor perception and subsequent performance under Mr. Feng’s leadership.
• The appointment is for the duration of the current Board’s term, starting 28 February 2026.

Additional Information

• This announcement is published in both Chinese and English. In case of discrepancies, the Chinese version prevails.
• The current Board comprises a mix of executive, non-executive, and independent non-executive directors, ensuring governance oversight of such appointments.

Disclaimer: This article is a summary and interpretation of a company announcement by Chifeng Jilong Gold Mining Co., Ltd. It is intended for informational purposes only and does not constitute investment advice. Investors are encouraged to conduct their own due diligence and consult professional advisors before making investment decisions.

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