Luoyang Molybdenum Company announced that the Chairman and Vice Chairman of the company have resigned for personal reasons.

Chinese metal mining company Luoyang Molybdenum announced that both the chairman and vice chairman of the company have resigned for personal reasons. In a statement released on the Hong Kong Stock Exchange, Luoyang Molybdenum stated that the resignation of Chairman Yuan Honglin will take effect upon approval by the shareholders' meeting to appoint related directors. The resignation of Vice Chairman and Chief Investment Officer Li Chaochun took effect immediately. The statement mentioned that both individuals confirmed that they had no disagreements with the board of directors. In the same document, Luoyang Molybdenum announced the appointment of Que Zhaoyang as Chief Operating Officer, the appointment of Liu Jianfeng as Chief Investment Officer, and other personnel changes. These appointments will take effect immediately.