Mr. Jambaljamts was appointed as an Executive Director and the Chairman of the Board of directors of the Company in May 2010. He is the Chairman of the Nomination Committee and a member of the Remuneration Committee of the Company.

Mr. Jambaljamts is a graduate of the Kyiv Polytechnic Institute, Ukraine, and holds his master’s degree from the Maastricht School of Management, Netherlands. From 1993 to the present, Mr. Jambaljamts has been the Chairman of MCS Group, which includes MCS Mining Group LLC and MCS Mongolia LLC, controlling shareholders of the Company. Under his management, MCS Group has become one of the largest and most diversified privately held holding companies in Mongolia.

Dr. Gotov was appointed as an Executive Director and Chief Executive Officer of the Company in May 2010.

Dr. Gotov was awarded a master’s degree in science and a Ph.D. in organic chemistry by Comenius University, Slovakia. Dr. Gotov has started his professional career as an assistant professor at the Comenius University, and has worked on highly successful projects in Mongolia and abroad. Since 2004, Dr. Gotov served in various managerial positions within the MCS Group companies.

Dr. Gotov joined the Group in 2008 as Chief Executive Officer of Energy Resources LLC and was instrumental in the successful transformation of the Group’s operations from a green field project to a fully integrated coal mining, processing, transportation and marketing platform.

Dr. Gotov is a Board member of the Mongolian National Mining Association and the Mongolian Coal Association respectively, and is also a member of the Mongolian Mineral Resources Policy Council.

Ms. Gombo was appointed as a Non-Executive Director of the Company on 30 September 2017. She is also a member of the Audit Committee and the Environmental, Social and Governance Committee of the Company.

Ms. Gombo was awarded a bachelor’s degree in Banking and Finance by the Economics College of Mongolia in 1994, and was awarded a master’s degree in International Banking and Finance at Birmingham University Business School, Birmingham, United Kingdom.

Ms. Gombo started her career at MCS Group as a financial analyst in 2003 and since then has held various managerial positions within the MCS Group. She is currently serving as the Vice President of MCS Holding LLC. During her tenure with MCS Group, she has gained extensive experience in strategic planning, valuation of investment decisions, financial reporting and accounting.

Mr. Byambadorj was appointed as a Non-Executive Director of the Company on 1 January 2026. He is also a member of the Environmental, Social and Governance Committee of the Company.

Mr. Byambadorj, aged 40, has been serving as the Deputy Director of MCS Investment LLC since January 2021. Mr. Byambadorj was awarded a bachelor’s degree in Economics by the National University of Mongolia in 2008. Mr. Byambadorj began his career as a Financial Analyst at MCS Holding LLC in July 2008 and subsequently served as the Executive General Manager of Financial Planning of the Company from October 2008 to October 2020. During his tenure, he was involved in the Company’s initial public offering, international bond issuances, and corporate financing activities, and was responsible for financial planning, budgeting, and long-term financial modeling for mining operations.

Mr. Byambadorj is a finance professional with over 15 years of experience in investment analysis, financial planning and strategic development. He has extensive experience in supporting major expansion initiatives, advising on investment decisions, and conducting comprehensive financial assessments across a wide range of industries.

Mr. Chan was appointed as an Independent Non-Executive Director of the Company on 16 September 2010.

Mr. Chan is the Chairman of the Audit Committee and a member of the Environmental, Social and Governance Committee of the Company.

Mr. Chan was awarded a bachelor’s and master’s degree in business administration from the University of Hawaii, United States, and is a Certified Public Accountant with the American Institute of Certified Public Accountants. Throughout his extensive professional career, Mr. Chan held various positions at both international and national financial institutions in Hong Kong, as well as notable community and public service institutions.

At present, Mr. Chan is a member of the Disciplinary Appeals Committee of the Hong Kong Securities Clearing Company Limited, a board member of the Community Chest of Hong Kong, and a member of the council of Hong Kong Red Cross and the Standing Committee on Judicial Salaries and Conditions of Service respectively. Mr. Chan was appointed as a senior advisor to The Bank of East Asia Limited in March 2009 and the CVC Capital Partners Limited in November 2010. He is also a board advisor to the Hong Kong New Territories General Chamber of Commerce. 

Ms. Bayanjargal was appointed as an Independent Non-Executive Director of the Company on 17 January 2025. She is the Chairman of the Remuneration Committee and a member of each of the Audit Committee, the Environmental, Social and Governance Committee and the Nomination Committee of the Company.

Ms. Bayanjargal was awarded a bachelor’s degree in Banking Economics and Finance from the University of Finance and Economics (formerly known as Institute of Finance and Economics) in Mongolia in 1997.

Ms. Bayanjargal served as Chief Executive Officer of LendMN NBFI JSC from 2018 to 2019 and as a board member from 2018 to 2022. Prior to this, she was a board member of Tenger Insurance LLC from 2014 to 2016 and Deputy Chief Executive Officer from 2017 to 2018. Additionally, she was a member of the Finance and Audit Committee of MIK Holding JSC from 2014 to April 2017. From 2011 to 2016, Ms. Bayanjargal was the chairperson and board member of Development Solution NGO and served as a board member of Quality Supplier Development NGO from 2015 to 2018.

Ms. Bayanjargal has been serving as the Chief Financial and Operating Officer of Zes Erdeniin Huvi LLC since July 2021, a company incorporated in Mongolia and engaged in the cathode copper processing business. Since June 2022, Ms. Bayanjargal has been serving as an independent director of M Bank Closed JSC, which is wholly owned by MCS Ho

Dr. Tuvshintur was appointed as an Independent Non-Executive Director of the Company on 17 January 2025. Dr. Tuvshintur is the Chairman of the Environmental, Social and Governance Committee and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee of the Company.

Dr. Tuvshintur was awarded a bachelor’s degree in Production Management and Economics by the Faculty of Economics from the National University of Mongolia (the “NUM”) in 1992. She obtained a master’s degree in Economics and completed her Ph.D. in Business Administration from the NUM in 2012.

From 2006 to 2008, she held the position of Deputy Director of the Consultancy Center at UFE and served as Secretary of the Board of Trustees at UFE from 2014 to 2018. Between 2015 and 2019, she was the Program Director for the Joint MBA Program in Corporate Governance, a collaboration between UFE and Corporate Governance Development Center ("CGDC"). Dr. Tuvshintur was the Secretary of the Board of Trustees at CGDC from 2009 to 2013, and served as a board member of Information Communications Network LLC from 2016 to 2017 and an independent board director of Mongol Basalt JSC, a company listed on the Mongolian Stock Exchange ("MSE") from 2018 to 2020.

Dr. Tuvshintur coordinated the first corporate governance training for board members of state-owned enterprises in 2010, conducted research on corporate governance practices among the Top 20 companies listed on the MSE in 2011, and led a 2012 project to evaluate corporate governance and first transparency indices for Mongolian publicly traded companies. From 2015 to 2016, she initiated the Annual Reporting Award of Mongolia to promote international reporting standards among state-owned enterprises and publicly listed companies.

Dr. Tuvshintur has been serving as the Executive Director of Corporate Governance Development Center in Mongolia since January 2013. She has also been serving as a board member of MIK ASSET SPC LLC, a wholly owned subsidiary of Mortgage Corporation MIK HFC, since 2018.