The overall management of MEC’s business is vested with MEC’s Board. The Board takes responsibility to oversee all major matters of MEC, including the approval and formulation of all policy matters, overall strategies, internal control and risk management systems, and monitoring the performance of senior management. The directors make decisions objectively in the interests of MEC.

All directors have full and timely access to all relevant information and the advice and services of MEC’s Company Secretary with a view to ensuring that Board procedures and all applicable rules and regulations are followed. Each director is entitled to seek independent professional advice in appropriate circumstances in discharging his/her duties at the Company’s expense.

The day-to-day management, administration and operation of the MEC are delegated to the senior management of MEC. The delegated functions and work tasks are periodically reviewed. MEC’s Board comprises the following directors:

Lo Lin Shing, Simon Chairman and Executive Director Mr. Lo, an entrepreneur, is the Chairman of the Company. He has been an executive director since August 1999. Mr. Lo possesses of around 30 years of experience in the financial, securities and futures industries, including many trans-border transactions. He has been a member of Chicago Mercantile Exchange and International Monetary Market (Division of Chicago Mercantile) since 1986. Mr. Lo is also the chairman of Vision Values Holdings Limited (formerly known as New World Mobile Holdings Limited), the deputy chairman and executive director of International Entertainment Corporation, both of which are listed on The Stock Exchange of Hong Kong Limited. Mr. Lo is also a standing committee member of the Tenth Chinese People’s Political Consultative Conference Shanxi Committee. He identifies business opportunities for MEC, including the acquisition of the coal mine in western Mongolia, and provides direction for MEC as a global energy and resources company. Yvette Ong Executive Director Ms. Ong has over 19 years of managerial experience in the Asia-Pacific region. Ms. Ong was the CEO and Managing Director of New World CyberBase Ltd. Prior to joining MEC, Ms. Ong was the Managing Director, Hong Kong of AT&T EasyLink Services Asia Pacific Limited. Ms. Ong holds an MBA degree in Management Information Systems and Marketing and a Bachelor degree in Finance and Management from the University of San Francisco. To Hin Tsun, Gerald Non-Executive Director Mr. To was appointed as an independent nonexecutive director in August 1999 and was re-designated as a non-executive director in October 2000. Mr. To has been a practising solicitor in Hong Kong since 1975. He is also qualified as a solicitor in the UK, as well as an advocate and solicitor in Singapore. Mr. To is also an executive director of International Entertainment Corporation, and a non-executive director of NWS Holdings Limited, all of which are listed on the Stock Exchange of Hong Kong. Peter Pun OBE, JP. Independent Non-Executive Director Mr. Pun has been an independent non-executive director since October 1997. He is the chairman and chief executive of the PYPUN group, has over 43 years of international experience in engineering and construction, town and urban planning, and infrastructure and property development. He is a graduate of St. John’s University and Tongji University in Shanghai and a postgraduate of Imperial College, London. He has been an Authorized Person and Registered Structural Engineer since 1964 and a Registered Geotechnical Engineer since 2005 under the Hong Kong Buildings Ordinance. He is a fellow of both the Institution of Civil Engineers in the United Kingdom and the Hong Kong Institution of Engineers. Tsui Hing Chuen, William JP. Independent Non-Executive Director Mr. Tsui has been an independent nonexecutive director since September 2006. Mr. Tsui is the founding partner of Messrs. Lo, Wong & Tsui, Solicitors & Notaries, which was established in 1980. He has been a solicitor of the High Court of Hong Kong since 1977, a solicitor of the Supreme Court of England & Wales since 1980, and a barrister and solicitor of the Supreme Court of Victoria, Australia since 1983. He has also been an advocate and solicitor in Singapore since 1985 and a notary public appointed by the Archbishop of Canterbury, England since 1988. Mr. Tsui was appointed as a Justice of the Peace by the Government of Hong Kong in 1997. He is also an independent non-executive director of International Entertainment Corporation, Taifook Securities Group Limited and Vision Values Holdings Limited (formerly known as New World Mobile Holdings Limited), all of which are listed on the Stock Exchange of Hong Kong. Lau Wai Piu Independent Non-Executive Director Mr. Lau has been an independent nonexecutive director since September 2004. He has over 20 years of extensive experience in accounting and financial management. He is a member of the Hong Kong Institute of Certified Public Accountants and a fellow of the Association of Chartered Certified Accountants. Mr. Lau is also an independent non-executive director of International Entertainment Corporation, Taifook Securities Group Limited and Vision Values Holdings Limited (formerly known as New World Mobile Holdings Limited), all of which are listed on the Stock Exchange of Hong Kong. Liu Zhuo Wei Executive Director Mr. Liu has been an executive director since April 2008. He holds a bachelor degree from Harbin University of Science and Technology (哈尔滨理工大学). Mr. Liu joined the People’s Liberation Army in 1969. As from 1983, Mr. Liu was with the People’s Liberation Army General Staff Department (中国人民解放军总参谋部) and General Armaments Department (总装备部) involving in the development of military equipment and construction program. Mr. Liu is also an expert in rocket propulsion design and construction. In 2005, Mr. Liu joined All-China Federation of Industry & Commerce (中华全国工商业联合会) and was formerly its deputy secretary.

None of the members of the Board are related to one another. During the year ended 31 March 2009, the Board at all times met the requirements of the Listing Rules relating to the appointment of at least three independent non-executive directors with at least one independent non-executive director possessing appropriate professional qualifications, or accounting or related financial management expertise. MEC receives written annual confirmation of independence from each of the independent non-executive directors pursuant to Rule 3.13 of the Listing Rules. Accordingly, MEC considers all independent non-executive directors to be independent.