Board and Executive Committee Members

Mr Cao was appointed as the Chairman of the Board in December 2025 and previously served as Chief Executive Officer (CEO) and Executive Director from April 2024 to April 2025 before being redesignated as Non-executive Director in April 2025. He is a member of the Audit and Risk Management Committee and the Governance, Remuneration, Nomination and Sustainability Committee.

Mr Cao was appointed as the President (General Manager) and a director of China Minmetals Non-ferrous Metals Co., Ltd. (CMN) in February 2025 as well as a director of Vast Rock International Investment Co., Ltd., a non wholly-owned subsidiary of China Minmetals Corporation in April 2025. He was previously the Vice President of CMN and the Vice President/Chief of Staff of Minera Las Bambas S.A..

Mr Cao holds a Master’s Degree in Mining Engineering and a Bachelor’s Degree in Resource Engineering from the University of Science and Technology Beijing in China. With nearly 20 years of experience in international mining investment and strategy, he specialises in international mining project management and mine operations and stakeholders engagement across China, Peru and Australia. Mr Cao has participated in mining acquisitions, divestments and mining project construction for CMN and MMG.

Mr Zhao was appointed as the CEO and an Executive Director in April 2025. He serves as the Executive General Manager Operations – Americas from September 2024 to December 2025 following earlier appointment as Interim Executive General Manager – Americas in June 2024. Mr Zhao also serves as a director of certain subsidiaries of the Group.

Mr Zhao previously held the position of the Vice President of Sustainability & Corporate Affairs of Minera Las Bambas S.A., a non wholly-owned subsidiary of the Company from 2022 to 2024. Prior to that, he was a Deputy Director of International Cooperation Division of CMC from 2020 to 2021. With nearly 20 years of extensive and practical experience in international management, Mr Zhao is proficient in dealing stakeholder relations within the mining industry.

Mr Zhao holds a Bachelor’s Degree in Spanish Language from the Beijing Language and Culture University, and a Master’s Degree in Business Administration from Université du Québec à Montréal.

Mr Qian has served on the Executive Committee of the Company since February 2024 as Executive General Manager – Finance and was redesignated to Chief Financial Officer (CFO) in July 2024. He was appointed as an Executive Director of the Company in January 2026. He joined China Minmetals Corporation (CMC) in 1993 and brings to the role significant executive experience with CMC, and most recently the CFO of Minmetals Innovative Investment Co., Limited. Prior to this role, Mr Qian was the Vice President of Capital Markets of CMC from 2019 to 2022. Mr Qian was employed by the Company from 2010 to 2012 in the role of Group Manager, Board Support. Mr Qian is also a director of certain subsidiaries of the Company.

Mr Qian has over three decades of experience in global treasury systems, commercial and investment banking, financial markets, and cross-cultural integration in mining assets as well as multi-industrial assets, both in China and internationally.

Mr Qian holds a Bachelor’s Degree in International Banking from the Central University of Finance and Economics (China) and a Master’s Degree in International Economic and Business Law from the University of International Business and Economics (China). He also earned a Doctorate in Financial Engineering & Risk Management from the China University of Mining and Technology, Beijing.

Mr Zhang was appointed Non-executive Director of the Company in February 2017. He is also a member of the Audit and Risk Management Committee.

Mr Zhang has been the Auditor – General of CMC since August 2023; the General Manager of Audit Department of CMC ,  since April 2023.He was appointed as a director of China Minmetals Non-ferrous Metals Holdings Co., Ltd (CMNH) since January 2016 and was designated as a chairman of CMNH in February 2021 until CMNH was deregistered in September 2024. Mr Zhang was a Supervisor of China Minmetals Corporate Limited from April 2023 to December 2025 and the General Manager of the Finance Department of CMC from January 2016 to April 2023, a director of CMN from February 2016 to March 2023, and a director of Minmetals HK from August 2016 to July 2024. He was the chairman of Minmetals Finance Co., Ltd. from September 2018 to April 2023. Mr Zhang was appointed as a director of China Rare Earth Group Co., Ltd since December 2021.

Mr Zhang graduated from Zhejiang Metallurgical Economy College in the PRC, majoring in Financial Accounting. He also obtained a Master’s Degree in Economics from Wuhan University of Technology in the PRC. Mr Zhang started his career at China National Nonferrous Metals Import and Export Corporation, working as the Financial Accountant since 1987.

From 1997 to 2000, he served as the Deputy Chief of the Finance Division of China National Nonferrous Metals Industry Trading Group Corporation. From 2000 to 2002, Mr Zhang served as the Assistant General Manager of the finance department of China National Nonferrous Metals Industry Trading Group Corporation. He also served as the Assistant General Manager (from April 2002 to March 2003) and the Deputy General Manager (from March 2003 to October 2005) of the Finance Department of CMN. From October 2005 to May 2013, Mr Zhang was the Deputy General Manager of the finance department of CMC. From May 2013 to December 2015, he served as the Vice President and the Chief Financial Officer (CFO) of CMN and CMNH. From December 2015 to January 2016, Mr Zhang was the acting Deputy General Manager of the finance department of CMC. From December 2016 to August 2018, he was a director of Minmetals Development Co., Ltd. From April 2017 to May 2020, Mr Zhang was a director of Minmetals Capital Co., Ltd. and from July 2017 to June 2020, he was a director of Minmetals Innovative Investment Co., Ltd. Mr Zhang was the Vice Chairman and a director of Xiamen Tungsten Co. Ltd (a company listed on the Shanghai Stock Exchange) from January 2014 to December 2014. He was also a director of Hunan Nonferrous Metals Holding Group Co., Ltd from August 2013 to January 2017 and a director of China Tungsten and Hightech Materials Co., Ltd. (a company listed on the Shenzhen Stock Exchange) from June 2016 to November 2018.

Mr Yue currently serves as General Manager of the Legal, Compliance and Risk Management Department at CMC. He was appointed as the Non-executive Director and a member of Governance, Remuneration, Nomination and Sustainability Committee of the Company in January 2026. Mr Yue joined CMC in 2005. He previously held the positions of Chief of Staff at Minmetals Development Co., Ltd. From 2017 to 2019, General Manager of the Legal Department at Minmetals Development Co., Ltd. from 2019 to 2020 and Deputy General Manager of the Legal and Compliance Department at CMC from 2020 to 2024. With over two decades of extensive experience in legal affairs and risk management, Mr Yue has extensive expertise in corporate governance, risk mitigation, regulatory compliance, and strategic asset operations.

Mr Yue holds a Bachelor’s Degree in Japanese Language from Beijing Language and Culture University and Master’s Degrees in Law from both Tsinghua University, China and Temple University, U.S.A.

Dr Cassidy was appointed Independent Non-executive Director in December 2010. He is the Chairman of the Governance, Remuneration, Nomination and Sustainability Committee and a member of Audit and Risk Management Committee.

Dr Cassidy is a metallurgical engineer with over 50 years’ experience in the resources and energy sectors, including more than 30 years as a director of major public companies listed in Australia, Canada, the USA and Hong Kong. Following his retirement from the position of CEO of Goldfields Limited in 2001, he has served as Non-executive Director on the boards of companies involved in the base metals, precious metals and renewable energy generation sectors. He was also a member of the Board of Advice of Monash University Division of Mining and Resources Engineering. Dr Cassidy has most recently been involved in the development and operation of major mining and processing projects in Australia, Peru, China, Laos, Papua New Guinea, the Democratic Republic of the Congo and Côte d’Ivoire.

Mr Leung was appointed Independent Non-executive Director in July 2012 and designated as the Lead Independent Non-executive Director in December 2025. He is a member of the Audit and Risk Management Committee and Governance, Remuneration, Nomination and Sustainability Committee.

Mr Leung is a solicitor admitted to practise law in Hong Kong, England and Wales, and Victoria and the Australian Capital Territory in Australia. He holds a Bachelor of Social Science (First Class Honours) degree from the Chinese University of Hong Kong, and a Master of Philosophy degree from the University of Oxford. Mr Leung, a corporate finance and capital markets specialist, was a partner at Baker & McKenzie and for many years the head of its securities practice group in Hong Kong. He retired from Baker & McKenzie in 2011. Mr Leung was an Independent Non-executive Director of the Bank of China Limited (a company listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange) from September 2013 to September 2019.

Mr Chan was appointed an Independent Non-executive Director, the Chairman of the Audit and Risk Management Committee and a member of the Governance, Remuneration, Nomination and Sustainability Committee in December 2019.

Mr Chan graduated from Hong Kong Polytechnic majoring in accounting. He is a member of Hong Kong Institute of Certified Public Accountants, a fellow member of the Association of Chartered Certified Accountants of the United Kingdom, an associate member of The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administrators) of the United Kingdom, and a member of CPA Australia.

From January 1994 to December 2008, Mr Chan served as Beijing-based Managing Partner of the Tax and Investment Advisory Service Department and then Managing Partner of the NPA Transaction Advisory Service Department of Ernst & Young. He also served as a member of the Executive Committee of the Hong Kong Chamber of Commerce in China from 1996 to 2003 and the Chairman of Hong Kong Chamber of Commerce in China between 2000 and 2003. Mr Chan was Independent Non-executive Director of CRRC Corporation Limited (a company listed on the Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange) from May 2015 to May 2018. He was also Independent Non-executive Director of Metallurgical Corporation of China Ltd. (a company listed on the Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange) and China Railway Signal & Communication Corporation Limited (a company listed on the Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange) from November 2014 to April 2020, and from August 2018 to January 2022 respectively.

Ms Chen was appointed Independent Non-executive Director in July 2024. She is a member of the Audit and Risk Management Committee and Governance, Remuneration, Nomination and Sustainability Committee.

She currently serves as Independent Non-executive Director of Orient Overseas International Limited since August 2018 and COSCO Shipping Container Lines Co. Ltd. since November 2019. Ms Chen also serves as an Independent Non-executive Director of China Shipbuilding Industry Company Limited from August 2020 until delisting in September 2025 which was acquired by China CSSC Holdings Limited (Shanghai Stock Exchange stock code 600150) and Shanghai Rural Commercial Bank Co. Ltd. (Shanghai Stock Exchange stock code 601825) since November 2023.

Ms Chen has extensive experience in the resources sector joining Baoshan Iron and Steel Company Limited (Shanghai Stock Exchange stock code 600019) in 1993 as Director of Accounting, Director of Cost and Financial Controller, Deputy General Manager (CFO), and Company Secretary within the group from 1999 to 2016. She has also served as the Chairperson of Shanghai Meishan Iron & Steel Co. Ltd. from 2011 to 2012 and from 2016 to 2018 she served as Vice Chairperson of Shanghai Chongyang Investment Co. Ltd. Most recently, she served as an Independent Director of Pingdingshan Tianan Coal Mining Co. Ltd. (Shanghai Stock Exchange stock code 601666) until June 2024. Ms Chen holds a Master of Business Administration from Fudan University, a Master’s Degree in Business Administration with a major in Finance from Masstricht College in the Netherlands, and a Bachelor’s Degree in Finance from the School of Finance of Renmin University of China. Ms Chen is a CIMA (Certified Management Accountant, USA) and is a member of the Shanghai Accounting Association of China.

Mr Zhao was appointed as the CEO and an Executive Director in April 2025. He serves as the Executive General Manager Operations – Americas from September 2024 to December 2025 following earlier appointment as Interim Executive General Manager – Americas in June 2024. Mr Zhao also serves as a director of certain subsidiaries of the Group.

Mr Zhao previously held the position of the Vice President of Sustainability & Corporate Affairs of Minera Las Bambas S.A., a non wholly-owned subsidiary of the Company from 2022 to 2024. Prior to that, he was a Deputy Director of International Cooperation Division of CMC from 2020 to 2021. With nearly 20 years of extensive and practical experience in international management, Mr Zhao is proficient in managing stakeholder relations within the mining industry.

Mr Zhao holds a Bachelor’s Degree in Spanish Language from Beijing Language and Culture University, and a Master’s Degree in Business Administration from Université du Québec à Montréal.

Mr Qian has served on the Executive Committee of the Company since February 2024 as Executive General Manager – Finance and was redesignated to Chief Financial Officer (CFO) in July 2024. He was appointed as an Executive Director of the Company in January 2026. He joined China Minmetals Corporation (CMC) in 1993 and brings to the role significant executive experience with CMC, and most recently the CFO of Minmetals Innovative Investment Co., Limited. Prior to this role, Mr Qian was the Vice President of Capital Markets of CMC from 2019 to 2022. Mr Qian was employed by the Company from 2010 to 2012 in the role of Group Manager, Board Support. Mr Qian is also a director of certain subsidiaries of the Company.

Mr Qian has over three decades of experience in global treasury systems, commercial and investment banking, financial markets, and cross-cultural integration in mining assets as well as multi-industrial assets, both in China and internationally.

Mr Qian holds a Bachelor’s Degree in International Banking from the Central University of Finance and Economics (China) and a Master’s Degree in International Economic and Business Law from the University of International Business and Economics (China). He also earned a Doctorate in Financial Engineering & Risk Management from the China University of Mining and Technology, Beijing.

Mr Hey has served on the Executive Committee of the Company since August 2013 in his capacity as the Executive General Manager − Stakeholder Relations. His present title is Executive General Manager – Corporate Relations. In this role, he is responsible for Stakeholder Relations, Corporate Affairs, Global Business Services and Legal and Company Secretarial. Mr Hey is also a director of a number of subsidiaries of the Company.

Prior to joining the Company as General Manager − Stakeholder and Investor Relations in April 2011, Mr Hey was the General Manager − Media and Reputation at Foster’s Group from 2005 . He was previously the Group Manager − Public Affairs for WMC Resources Limited, up to its acquisition by BHP Billiton Limited in 2005. Mr Hey began his career in economic and public policy consultancy at the Allen Consulting Group and Australian Centre for Corporate Public Affairs, before working across the aviation, entertainment and mining sectors.

Mr Hey has over 20 years’ experience in government, media, community and investor relations, economic and public policy, industry association and communications management. Mr Hey has dual degrees in law and commerce from the University of Melbourne and is the recipient of an Australia-Japan Foundation Language Scholarship at Kwansei Gakuin University, Nishinomiya, Japan.

Mr Wang has served on the Executive Committee of the Company since May 2022, initially as the Executive General Manager – Australia and Africa and was redesignated as the Executive General Manager – Operations which has integrated group operational accountability with operational excellence in February 2024 and subsequently was designated Chief Operating Officer in December 2025. Mr Wang is also a director of several subsidiaries of the Group.

Mr Wang is a mining executive with over 20 years of management, technical and operational experience in open cut and underground operations. He previously spent over six years at MMG in Australia as Group Manager – Mining between 2013 and 2019 and has extensive knowledge of MMG’s operations.

Prior to his time at MMG, Mr Wang worked with Gold Fields Limited as Vice President and Head of Technical Services for West African Regional operations in Ghana. He also worked for various mining companies in different commodities. Mr Wang has a Bachelor of Engineering – Mining (Honours), University of Queensland, Australia and is a Member of the Australian Institute of Mining and Metallurgy (MAusIMM).

Mr Xia has served on the Executive Committee of the Company in December 2025 as President of Africa Operations. He is currently director of operations of Khoemacau and was  previously  General Manager of Kinsevere. Mr Xia is also a director of several subsidiaries of the Group.

Prior to joining the Company, Mr Xia served as the General Manager of the Mining Technology Department of Minmetals Mining Holdings Limited. He also previously held senior positions such as President of Huoqiu Machinery Equipment Co., Ltd., and President of Anhui Kaifa Mining Co., Ltd., where he was responsible for overseeing the construction and operation of one of China’s largest underground mines.

Mr Xia has over 20 years of experience in managing mining enterprises, with expertise in mining equipment use and maintenance. His exposure covers production operations management and engineering construction for mining and processing. Mr Xia also has extensive experience in dealing with mining technology research and development, as well as cross-regional management for community relations and government relations.

Mr Xia is a senior mechanical engineer and he holds a Bachelor’s Degree in Mechanical Design and Automation from the Hebei University of Technology in China.

Mr Chen has served on the Executive Committee in December 2025 as President of Las Bambas since December 2025. He served as Interim President Las Bambas from July 2025 to December 2025 and has served as Vice President of Strategic Planning at Minera Las Bambas S.A., a non wholly-owned subsidiary of the Company from April 2025. He joined China Minmetals Non-ferrous Metals Co., Ltd. (CMN) in 2008 and he was Safety Director and General Manager of the Mining Operations Center at CMN from 2022 to 2025, and Deputy General Manager of the Mining Operations Center from 2020 to 2022. Mr Chen is also a director of several subsidiaries of the Company.

Mr Chen has nearly 20 years’ extensive on-site experience in the mining industry and he is proficient in dealing with mining industry challenges, particularly international mining operations, cross-cultural collaboration and interacting with broad stakeholders by leveraging his work experience in China and Peru.

He holds a Bachelor’s Degree in Mining and Geotechnical Engineering, and a Master’s Degree in Safety Management Engineering from Central South University in China.

Ms Guan has served on the Executive Committee since April 2024 as Interim Executive General Manager – Commercial and Development. She has held a number of senior roles within MMG since joining in September 2014, including General Manager, Corporate Governance, General Manager, China Relations, and General Manager, Stakeholder Relations.

Prior to joining MMG, Ms Guan held several senior roles within Minmetals Nonferrous Metals Co. Ltd., a member of China Minmetals Corporation, including General Manager, Capital Market and General Manager, Business Development. Ms Guan brings over 30 years of experience across the metals and mining sector, spanning trading, financial management, business development, commercial management, and stakeholder relations. She holds an MBA in Accounting and Finance with a Global Leadership Fellowship from The George Washington University, and a Bachelor of Arts in English Literature from Beijing Language Institute. Ms Guan is a director of several subsidiaries of the Company.