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05 SEPTEMBER 2023 AL CIRCLE

Lindian Resources appoints Chinese-born Australian entrepreneur Park Wei as new Director

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The ASX-listed Australian company with world-class rare earth and bauxite assets, Lindian Resources Ltd, has expanded its Board of Directors with the appointment of Park (Zuliang) Wei as a non-executive director, with effect from September 4, 2023.

Lindian Resources board appoints Chinese-born Australian entrepreneur Park Wei as new Director

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Wei, a Chinese-born Australian entrepreneur, has been a strategic advisor to Lindian for the past year and holds a significant stake in the company. He possesses a diverse portfolio of investments spanning the property, mining, and finance sectors within Australia and across global markets.

Wei is a graduate of Nanjing University, one of China's prestigious top-five universities, with a Bachelor of Arts. In 1994, he founded Top Pacific Group, a diversified property group engaged in property development, construction, property financing, sales and strata management.

Asimwe Kabunga, the Executive Chairman of Lindian Resources, stated, "On behalf of the board, I would like to welcome Park as a Director of the company. He has been a significant investor and supportive shareholder who has been instrumental in attracting like-minded and large, committed shareholders to our register."

"He complements the skills of the current board members very favourably, and we are pleased that he will continue to support Lindian's growth and development as a Director."

The new Non-Executive Director said, "I am delighted to join the Board of Lindian at such an exciting time in the company's history. I have invested in Lindian because of the high quality of its assets, most notably the Kangankunde Rare Earths Project in Malawi and the bauxite projects in Guinea, which are of significant scale and hold considerable unlocked value.

Global Bauxite Industry Insights

"I have been actively assisting Lindian in accelerating the development of the bauxite projects and the proposed Stage 1 processing plant at Kangankunde, and as a Director of the company, I will continue to work with the board and the management team by providing relevant introductions and commercial assistance concerning offtake agreements and project financing."

"Lindian is a rare and unique value proposition, and I look forward to helping deliver more value to our fellow shareholders," Wei added.


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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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