The board of directors of Mongolia Energy Corporation Limited announced that Mr. Lo, Rex Cze Kei ("Mr. Lo"), a non-executive director of the Company, has been re-designated as an executive director of the company with effect from 1 February 2018. Mr. Lo has over 8 years of experience in property business and general management. Lo is the son of Mr. Lo Lin Shing, Simon, the chairman of the Company. He is also a director of Vision Values Holdings Limited which is listed on The Stock Exchange of Hong Kong Limited.