Source: Eurasia Capital                Date: 07 July, 2010

Eurasia Capital, a Hong Kong-based investment bank, and MonBiz Media Ltd. have launched the MonBiz Hong Kong Index, the first index that includes Mongolia-related companies listed on the Hong Kong Stock Exchange. It will track the share price performance of Hong Kong-listed companies with assets and operations in Mongolia. It is market capitalization-based and is meant to be a leading benchmark for Hong Kong-listed companies with growing activities in the country.

To become a member of the index, a company has

1.            to be listed on the Hong Kong Stock Exchange,

2.            to have minimum market capitalization of HKD250 million, and

3.            to have at least 33% of its market value derived from assets and operations in Mongolia.

Currently, there are six HKEx-listed companies that are members with total market capitalization of USD4.8 billion. They are: Mongolia Energy Co Ltd., SouthGobi Resources Ltd., Kiu Hung Energy Holdings Ltd., North Asia Resources Holding, Solartech Intl Holdings Ltd., and Bestway Intl Holdings Ltd.

Speaking at the launch, Mr. Alisher Ali, Chairman of Eurasia Capital, said Hong Kong was becoming an important source of capital for resource companies in Mongolia, and expressed the hope that Mongolian companies from the private sector alone would raise at least USD3 billion through IPOs and equity capital raising in Hong Kong in the next three years.