New Pacific Metals Announces Permanent CEO and CFO Appointments

Executive Summary

• New Pacific Metals appoints Jalen Yuan as permanent Chief Executive Officer and Chester Xie as permanent Chief Financial Officer, effective immediately.
• Both executives also join the Board of Directors (Yuan) and replace interim leadership that began in April 2025.
• Director Peter Megaw’s term ends at the upcoming Annual General Meeting; he will not seek re‑election.

Key Details

• CEO Appointment: Mr. Jalen Yuan, previously Interim CEO and former CFO of New Pacific Metals, is confirmed as permanent CEO.
• CFO Appointment: Mr. Chester Xie, previously Interim CFO, is confirmed as permanent CFO.
• Board Membership: Mr. Yuan is added to the Company’s Board of Directors concurrent with his CEO role.
• Director Departure: Dr. Peter Megaw’s board term concludes at this year’s AGM; he will not stand for re‑election.
• Strategic Rationale: The Board cited Yuan’s “considerable contributions” and deep experience, indicating confidence in his ability to advance the Silver Sand and Carangas projects and create shareholder value.
• Quotes:
• Dickson Hall (Board Chair) – welcomed the permanent appointments and expressed optimism about advancing Bolivian projects.
• Jalen Yuan – affirmed commitment to delivering positive outcomes for shareholders and stakeholders in Bolivia.

Notable Quotes

“On behalf of the Board of Directors, I'm pleased to welcome Jalen and Chester in their permanent positions respectively as CEO and CFO… we look forward to working with them as we move to the next phase in advancing our projects in Bolivia.” – Dickson Hall, Board Chair

“It is an honour to be appointed CEO of New Pacific. The Silver Sand and Carangas Projects represent a world‑class opportunity, and I am committed to delivering positive outcomes for our shareholders…” – Jalen Yuan, CEO

Materiality Assessment: Material – Positive (permanent appointment of the chief executive officer is a material corporate event likely to influence investor perception).