Business
SouthGobi Announces Re-Designation of Director
VANCOUVER, BC / ACCESSWIRE / February 17, 2023 / SouthGobi Resources Ltd. (TSX:SGQ)(HK:1878) (" ...
About this update from Southgobi Resources Ltd.
[{"type":"text","content":"SouthGobi Announces Re-Designation of DirectorVANCOUVER, BC / ACCESSWIRE / February 17, 2023 / SouthGobi Resources Ltd. (TSX:SGQ)(HK:1878) (\"SouthGobi\" or the \"Company\") is pleased to announce that Mr. Chen Shen (\"Mr. Shen\") has been re-designated from a non-executive Director to an executive Director with effective from February 17, 2023 (the \"Re-designation\").The biographical details of Mr. Shen is summarised as follows:Mr. Chen Shen, aged 34, was appointed as a non-executive Director of the Company in December 2022 and has been re-designated as an executive Director and appointed as the head of the Company's legal department with effective from February 17, 2023. Mr. Shen has a professional legal background and experience in the energy industry. Mr. Shen served as the executive director and supervisor of Zhonghong Energy (Inner Mongolia) Co., Ltd. (\"Zhonghong Group\") from April 2021 to February 2023, and was responsible for overseeing investments in traditional energy and new energy fields in the Northwest districts in China. From October 2020 to January 2022, Mr. Shen served as a supervisor of Zhonghong Zhengyi Energy Holding (Inner Mongolia) Co., Ltd. Prior to joining the Zhonghong Group, Mr. Shen worked as an attorney in Tahota Law Firm from 2015 to 2020 in China.Mr. Shen obtained his Bachelor of Law degree from Southwest University of Political Science and Law in 2011 and his Master of Law degree from Guizhou University in 2014 in China. He is a member of the Canadian Institute of Directors.Mr. Shen was nominated by JD Zhixing Fund L.P. (\"JDZF\") for appointment as a non-executive Director with effect from December 6, 2022, pursuant to the contractual director nomination right granted in favor of JDZF in connection with the securityholders agreement entered into among the Company, JDZF and a former shareholder of the Company, and certain deferral agreements entered into among JDZF, the Company and its certain subsidiaries relating to the Company's US$250 million convertible debenture held by JDZF, and re-designated to an executive Director with effect from February 17, 2023.The Company has appointed the director nominee to the Board as permitted under the Company's Articles of Continuation and the Business Corporations Act (British Columbia).As at the date of this announcement, save as disclosed above, Mr. Shen...