SouthGobi Resources Limited
HKSE : 1878

SouthGobi Resources Limited

February 22, 2016 09:53 ET

SouthGobi Resources Announces Appointment of Non-Executive Director

HONG KONG, CHINA--(Marketwired - Feb. 22, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) ("SouthGobi" or the "Company") today announces appointment of Mr. Huiyi Wang as non-executive director of the Company, effective February 18, 2016.

Mr. Wang, 28, is currently an investment associate in China Cinda (HK) Holdings Company Limited ("Cinda HK"), the intermediate holding company of Novel Sunrise Investments Limited which in turn is the largest shareholder of the Company as of today. Before joining Cinda HK in 2014, Mr. Wang worked in the Investment Banking Department of Macquarie Capital (Hong Kong) Limited during 2011 to 2014 and had vast experience in cross boarder M&A transactions, valuation, due diligence and investment analysis.

Mr. Wang graduated from University of Sydney with a Master Degree in Economics in 2011 and a Bachelor Degree in Economics & 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 and exploration licences of its other metallurgical and thermal coal deposits in South Gobi Region of Mongolia. SouthGobi produces and sells coal to customers in China.

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