The board of directors of Mongolia Energy Corporation Limited announces that Mr. Tang Chi Kei has tendered his resignation as the non-executive director of the Company with immediate effect from 4 April 2023 due to his aspiration to focus more time and effort on the operational level of the Group. Mr. Tang has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board would like to take this opportunity to express its sincere gratitude to Mr. Tang for his valuable contributions to the Company during his tenure of office.