SouthGobi Resources Limited
HKSE : 1878

SouthGobi Resources Limited

November 05, 2015 09:27 ET

SouthGobi Resources Announces Appointment of New Independent Non-Executive Director

HONG KONG, CHINA--(Marketwired - Nov. 5, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") today announces appointment of Mr. Mao Sun as an independent non-executive director and chairman of Audit Committee of the Company, effective November 5, 2015.

Mr. Sun, age 39, is currently a partner of SunRunkai LLP. Mr. Sun is a member of the Institute of Chartered Accountants of British Columbia and a member of Canadian Tax Foundation. Mr. Sun has over ten years of experience in the accounting sector and he has extensive knowledge of Canadian accounting standards, International Financial Reporting Standards and Canadian taxation laws. He has served corporate clients in various industries including mining, real estate, manufacturing and technology. Mr. Sun also has extensive experience with Canadian listed companies and was the director and chairman of audit committee of Yalian Steel Corporation from 2012 to 2013 and has been the chief financial officer of HFX Holding Corp since 2014. Prior to founding SunRunkai LLP, Mr. Sun was the audit manager in Vancouver office of KPMG, an internationally recognized accounting firm.

Mr. Sun graduated from Columbia University in New York with a Master Degree of International Affairs, International Finance and Business. He also has a Bachelor Degree in Computer Science from Nanjing University, China.

About SouthGobi

SouthGobi, listed on the Toronto and Hong Kong stock exchanges, is focused on exploration and development of its metallurgical and thermal coal deposits in Mongolia's South Gobi Region. It has a 100% shareholding in SouthGobi Sands LLC, a Mongolian registered company that holds the mining and exploration licences in Mongolia and operates the flagship Ovoot Tolgoi coal mine. Ovoot Tolgoi produces and sells coal to customers in China.

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