The Board of Mongolia Investment Group Limited announced the appointment of Mr. Zhang Jack Jiyei as executive director of the company with effect from July 25, 2013. He has extensive experience in corporate finance and corporate management. From 2008 to 2012, Mr. Zhang was the president and director of Interchina Water Treatment Co.

Ltd. Mr. Zhang was a senior manager of BOCI Asia Limited between 1997 and 1999 responsible for direct investments and financial advisory services, and was a director of Beijing Long Shine Technology Co. Ltd.