TGS International Ltd. announce on August 27, 2021, Mr. Pan Xianqin (Mr. Pan) and Mr. Sun Linfa (Mr. Sun) were appointed as directors and vice chairman of the board of directors, effective immediately. Mr. Pan and Mr. Sun are the beneficial owners of the Company, with 11.20% and 7.73% shareholding, respectively. Mr. Pan, age 60, has been serving as an executive director of Arcus Mining Holdings Limited, one of the subsidiaries of the Group in January 2021. Since September 2015, Mr. Pan is also serving as a director of Best Metro Import & Export Trading (Inner Mongolia) Limited (“BMIM”), one of the subsidiary of the Group. He is responsible for managing daily operation of BMIM and facilitating inventory transportation between Mongolia and China. Mr. Pan leads operation team of BMIM undergoing the hard time in pandemic of COVID, coordinates daily operation with the Chinese government and seeks for opportunities with potential customers. Mr. Sun, age 64, has been serving as an executive director of Arcus Mining Holdings Limited, one of the subsidiaries of the Group in January 2021. Since May 2013, Mr. Sun is also serving as a director of Khan Shashir LLC and Shek Hung Gold LLC, our subsidiaries in Mongolia. He has been actively participated in the operations in Mongolia and PRC. He is also responsible for operational fund management, including but not limited to seeking for potential new investors, estimating and developing the overall operation budget as well as overseeing on actual usage of operational fund.