SouthGobi Resources Ltd. at its AGM held on June 28, 2024 approved election of Fan Keung Vic Choi as independent non-executive director and appointed as Chair of the Compensation and Benefits Committee and a member of the Audit and Nominating and Corporate Governance Committees immediately upon conclusion of the Meeting. Mr. Fan Keung Vic Choi, aged 59, is a solicitor of the High Court of Hong Kong. Since September 2018, Mr. Choi has been a consultant solicitor of Messrs.

Howse Williams, an independent Hong Kong law firm, primarily focused on advising and representing banks and financial industry participants in defending investigations and prosecutions brought by regulators and law enforcement agencies. He is an independent non-executive director of Shoucheng Holdings Limited (HKEX stock code: 0697), an investment holding company mainly engaged in the management of private funds and management and operations of car parking assets. Mr. Choi's career has spanned over 40 years, with a focus on regulatory compliance, compliance management, prevention and control of commercial crime and investigation and has extensive experience in legal practice and, crime investigation and prosecution.

In addition to his practice at Messrs. Howse Williams, Mr. Choi has acted as General Counsel for listed company and regulated fund management firm. He was employed by HSBC Bank (China) Co.

Ltd. (May 2010 to December 2014), and served as deputy head of compliance, area compliance office in China and head of compliance where he managed over 160 compliance officers and was responsible for regulatory compliance and prevention and control of financial crime in over 60 cities in China. Mr. Choi obtained a bachelor degree, Post graduate certificate and a Master's degree in Law from the University of Hong Kong. He is a member of the Law Society of Hong Kong, a member of the Association of Certified Fraud Examiners and a director on the Board of its Hong Kong Chapter.

He is a member of the Canadian Institute of Corporate Directors. Mr. Mao Sun did not stand for re-election at the Meeting. Following the Meeting, Mr. Sun ceased to be an independent non-executive director, the Lead Director of the Company, the Chair of the Audit Committee, and a member of the Nominating and Corporate Governance Committee and the Compensation and Benefits Committee.

Immediately following Mr. Sun's cessation of the positions mentioned above, Mr. Yingbin Ian He, an independent non-executive director of the Company, was appointed as the Lead Director of the Company. Ms. Jin Lan Quan was appointed as the Chair of the Audit Committee.