The board of directors of Mongolian Mining Corporation announced that Mr. Ochirbat Punsalmaa (Mr. Punsalmaa) has resigned from his position as an independent non-executive Director, and Dr. Khashchuluun Chuluundorj (Dr. Khashchuluun) has been appointed as an independent non-executive Director, both with effect from 8 January 2016. Upon the resignation of Mr. Punsalmaa on 8 January 2016, he has ceased to be a member of the Audit Committee and Nomination Committee, and the chairman of the Remuneration Committee. Dr. Khashchuluun has been appointed as a member of the Audit Committee and Nomination Committee, and the chairman of the Remuneration Committee in place of Mr. Punsalmaa with effect from 8 January 2016.

Since 2015, Dr. Khashchuluun has been serving as a member of the working group on Long-term Development Strategy for Mongolia 2016-2030 and a member of the board of directors of Ulaanbaatar City Development Corporation.