Changes to the Board
Globe Metals & Mining Limited (“Globe” or “the Company”; ASX: GBE) wish to advise that Mr David Sumich (Co-founder), Mr Youyu Zhang and Mr Jianrong Xu have tendered their resignation as Non-Executive Directors of Globe effective 9 August 2011.
This change is in line with the Company’s strategy of reducing board size, and objectives driven by the new strategic partnership with ECE. In the case of Mr David Sumich, it is also the result of other board commitments.
The Board wishes to thank both Mr Xu and Mr Zhang for their contribution to the Company since completion of the ECE partnership transaction. The Board wishes to thank Mr David Sumich, a founding Director and previous Chairman of Globe, for his continual efforts and strategic advice since the founding of the Company.
Globe also wishes to announce that Mr Zhang is to be replaced on the Board by incoming Director, Ms Shasha Lu. The Board welcomes Ms Lu to the Company. Ms Lu is Executive Director and CEO of Hong Kong East China Non-Ferrous Mineral Resources Co Ltd., a wholly owned subsidiary of Eastern China Exploration & Development Bureau (ECE). In July 2009, Ms Lu was appointed as an Executive Director of Arafura Resources Limited (ASX:ARU). Ms Lu holds a Degree in Medicine and a Masters Degree from Nanjing University.
For Mr David Sumich, Mr Youyu Zhang and Mr Jianrong Xu, an Appendix 3Z is attached to this announcement. An Appendix 3X is also attached in relation to Ms Shasha Lu.