ALTAI. KH, CEO OF THE MONGOLIAN STOCK EXCHANGE, HAS RESIGNED POSITION AT HIS REQUEST

According to Altai. Kh's resignation request to the Board of Directors, it was decided to release him from his duties on December 28, 2023, by the Board of Directors Resolution No. 51 dated December 27, 2023.

Throughout his tenure as the CEO of the "Mongolian Stock Exchange" JSC between 2016 and 2023, he successfully introduced a range of new products to the market. These included dual-listed securities, investment funds, and asset-backed securities. Furthermore, following the amendments to the Banking Law, the shares of systemically influential banks in Mongolia were traded through the capital market as a public offering. Also within the framework of the government's policy and decision to improve the governance and efficiency of state-owned companies, the "Mongolian Stock Exchange" (JSC) successfully offered 34% of their company shares to the public.

In addition, as part of the policy of bringing the domestic capital market in line with international standards, he worked hard to officially list the Mongolian capital market in the Frontier market category of the international FTSE Russell group. In 2022-2023, he achieved great success in establishing the commodities exchange in Mongolia and expanding the operations of the Mongolian Stock Exchange. Presently, mining products such as coal, iron, fluoride, and copper are traded through the Mongolian Stock Exchange.

The whole team wishes success to CEO Altai Kh., who made a valuable contribution to expanding the domestic capital market and creating the foundation for further stable growth and development.

MONGOLIAN STOCK EXCHANGE