The Board of Range Resources has appointed Mr. Yu Wang, the nominee of Beijing Sibo Investment Management LP, as a Non-Executive Director to the Board with immediate effect.
The appointment is made pursuant to Sibo's contractual right to appoint up to three Non-Executive Directors to the Board of the Company, arising from the Subscription Agreement entered into with the Company as part of their investment of US$30 million in Range earlier this year, as announced on 29 May 2015.
Mr. Wang, 33, has five years of corporate experience in finance and investments, focusing on energy and mineral sectors. He is currently a senior investment manager at Shanghai Anjin Investment Co., Ltd., responsible for project investments and management, both domestically and overseas. Previously, he worked as an investment manager at Weihai International Economic & Technical Cooperative Co., Ltd, specialising in project analysis and evaluation of energy and mineral projects in Africa, including oil and gas projects in the Republic of the Congo. Prior to that, he was an investment analyst at Beijing Golden Valley Investment Management Co., Ltd.