SouthGobi Resources announces appointments of non-executive directors
April 13, 2018
SouthGobi Resources announces appointments of
non-executive directors
VANCOUVER – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the
“Company”) is pleased to announce the appointments of Mr. Zhiwei Chen (“Mr. Chen”)
and Mr. Xiaoxiao Li (“ Mr. Li”) as non -executive directors of the Company (the “ NEDs”)
with effect from April 13, 2018.
Mr. Chen, aged 34, is currently the Assistant General Manager of China Cinda (HK)
Holdings Co. Limited (“ Cinda HK ”) and the Managing Director of its investment
department. Cinda HK is the intermediate holding company of Novel Sunrise Investments
Limited which is the second largest shareholde r of the Company holding 17.0%
shareholding of the Company as of today. Mr. Chen is responsible for managing Cinda
HK’s investment and financing businesses. Since December 2016, Mr. Chen has also
been a non-executive director of Modern Land (China) Co., Limited, the issued shares of
which are listed on the Hong Kong Stock Exchange . Mr. Chen has over 10 years of
investment and research experience in the financial industry. Prior to joining Cinda HK in
2010, Mr. Chen was the Executive Assistant to the Chairman of TIG Group in Singapore
from 2007 to 2010 and he was responsible for TIG Group’s private equity investment
business in China. Prior to joining TIG Group, Mr. Chen was a research scholar at the
National University of Singapore from 2005 to 2007.
Mr. Chen obtained his bachelor’s degree in Economics from Tsinghua University in China
in 2004 and a master’s degree in Estate Management from National University of
Singapore in 2009.
Mr. Li, aged 30, is currently the I nvestment Director of investment department of Cinda
HK and he is responsible for expanding and overseeing the investment business of Cinda
HK. Mr. Li is a member of the American Institute of Certified Public Accountants. Mr. Li
has accumulated extensive experience in accounting, corporate fi nance and investment
management. Prior to joining Cinda HK in 2016, Mr. Li was the Investment Manager of
Dingyi Group Investment Limited, the issued shares of which are listed on the Hong Kong
Stock Exchange. Mr. Li worked in the global banking and transaction division for Intesa
Sanpaolo S.p.A. from 2013 to 2016 in New York and he worked as an auditor in KPMG
LLP from 2010 to 2013 in New York.
Mr. Li graduated from the University of Southern California in the United States with a
Bachelor of Science in Accounting and Finance in 2010.
About SouthGobi
SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates
its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining licences of its
other metallurgical and thermal coal deposits in South Gobi Region of Mongolia.
SouthGobi produces and sells coal to customers in China.
Contact:
Investor Relations
Kino Fu
Office: +852 2156 7030
Email: [email protected]
Website: www.southgobi.com