Mr. Bayarmagnai Makhbariad, is the General Manager of the Group’s logistics business
in Mongolia. Prior to joining the Group in February 2011, Mr. Makhbariad was the senior
manager of Altain Khuder LLC, a Mongolian company involved in the exploration, mining,
transportation and export of iron ore. Mr. Makhbariad frequently acted for the CEO
during his absence, to manage the whole mining operation. Prior to that, Mr. Makhbariad
has managed various types of operations in Mongolia, including the management of the
security services for the US Embassy in Mongolia. Mr. Makhbariad holds an arts degree
from the University of Humanities, Mongolia.

Mr. Zhang Guohua, is the Mine Manager of the Group’s Oyut Ovoo iron mine. Mr. Zhang
has over 20 years of experience in mining and geological exploration. Prior to joining
the Group, Mr. Zhang was the general manager and chief mine engineer of Xinjiang
Tumushuke Haitian Mining Xiaohaizi Iron Ore Mine（新疆圖木蘇克市海天礦業小海子鐵礦）, and deputy general manager and mine manager of Western Mining Ximeng Hunan
Anhua Province Antimony Company Ltd（西部礦業西蒙公司湖南安化縣同心銻業有限公司）. Mr. Zhang graduated in mine engineering in Shenyang College of Gold Mining（瀋陽黃金專科學校）.

Ng Bee Ching, Jenna, is the Group’s financial controller and company secretary.
She is a member of Hong Kong Institute of Certified Public Accountants and CPA
Australia. Ms. Ng has been in the accounting and corporate finance arena for more than
18 years. Prior to joining the Group, Ms. Ng held various management positions with
companies in Singapore, Hong Kong and Australia.