Microsoft Word - 20150722 DMA Announcement Appointment of New Director
23 July 2015
ASX Announcement
CHANGES TO THE BOARD
Dynasty Resources Limited (DMA or the Company) confirms the appointment of Mr Qingzhou Yuan as a non- executive director to the Board. Mr Yuan was nominated by Cyberstore Technology Limited, the Company's largest shareholder which holds 52.36% of the Company's shares following completion of the recent Rights Issue.
Further, the Company's Independent Chairman Thomas Pickett has advised he intends to resign at the Company's AGM this year. Mr Pickett advised that, "Following the successful completion of the Rights Issue, this has provided the Company with sufficient capital to complete the strategic review of the Company's mineral resource assets, and the Company is now in a good financial position for the continuing Board to determine the Company's future direction."
Mr Yuan holds a Bachelor of Business and Commerce (Economics) from Monash University, Melbourne. In
2014, Mr. Yuan was invited to join the Australian and New Zealand division of Tencent Holdings Ltd (SEHK
00700), which owns Wechat, the world's largest social network platform and community. Mr.Yuan is also a director of Youpan Capital (Shanghai, China), which primarily invests technology companies in China.
Enquiries: Lewis Tay
Managing Director
+61 8 6316 4414
Dynasty Resources Limited ABN 80 110 385 709
83 Brisbane Street, Perth 6000 Western Australia
T: +61 8 6316 4414 F: +61 8 6316 4404 E: [email protected]
www.dynastyresources.com.au