Mr. Lau Yu is the Chief Executive Officer and Executive Director of Loudong General Nice Resources (China) Holdings Ltd since September 22, 2008. He is also the chief executive officer, the chairman of the executive committee of the Company and director of certain subsidiaries of the Company, including Shanxi Loudong. Mr. Lau has over 20 years of solid experience in international trading of mineral resources and metals, including coal, coke, iron ore and steel. With his experience in the trading of coke and metallurgy, Mr. Lau has established relationships with customers in India, Australia, South Africa, Venezuela and Brazil. Mr. Lau is the chief executive officer and an executive director of Abterra Ltd. He is also the chief executive officer and director of GNR, a substantial shareholder of the Company. Mr. Lau holds a Bachelor of Business Administration degree from the School of Finance in University of Hawaii in the United States.