Mongolia Holdings, Inc. appointed Allen Andersen as Board of Directors. Mr. Allen Andersen has over 35 years of experience living in and conducting business in Asia, in particular Mainland China, Hong Kong, Taiwan and Mongolia. Since 2013 he has served as Managing Director and Founding Partner of Peace Field Limited of Hong Kong.

Mr. Andersen was Managing Director of the Hong Kong office of Portfolio Advisors, a prominent private equity fund of funds manager and financial advisory firm. He also served as the Managing Director of Sun Hung Kai Properties Direct Investments Ltd. and PAMA Group, both private equity firms focusing on Asia. He has served on the board of directors for private and public companies in the USA (NYSE and NASDAQ), Hong Kong, China, Thailand, Singapore, and Korea.

Mr. Andersen began his career with six years at General Mills and twelve years with Continental Grain Company, including managing its Asian industrial businesses.