MC Mining Appoints Sun Qiming as MD & CEO, Names Two New Non-Executive Directors Effective November 2026

Mukul

11 November 2026 04:21 PM AEDT

MC Mining Appoints Sun Qiming as MD & CEO, Names Two New Non-Executive Directors Effective November 2026

Image Source: Krish Capital Pty Ltd

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MC Mining Limited (ASX:MCM) has announced a series of board and executive leadership changes, including the appointment of Mr Sun Qiming as Managing Director and Chief Executive Officer effective 13 November 2026, alongside two new Non-Executive Director appointments and the transition of Mr Jianheng (Albert) Deng to Non-Executive Chairman.

Key Points

Mr Sun Qiming appointed Managing Director and CEO effective 13 November 2026, with a base salary of ZAR300,000 per month and a performance bonus of up to 200% of total annual cost to the company
Mr Yifan Geng appointed Non-Executive Director effective 10 November 2026, nominated by Eagle Canyon International Group Holding (Hong Kong) Limited, whose subsidiary holds approximately 11.80% of issued share capital
Mr Blagojce (Bill) Pavlovski appointed Australian Independent Non-Executive Director effective 10 November 2026, restoring compliance with the Corporations Act 2001 requirement for at least two Australian-resident directors
Mr Jianheng (Albert) Deng transitions from Interim CEO and Managing Director to Non-Executive Chairman, effective 13 November 2026

Sun Qiming Appointment as Managing Director and CEO

Mr Sun Qiming was previously appointed as a Non-Executive Director of MC Mining on 9 October 2026, having been nominated by Kinetic Development Group Limited (KDG), which holds approximately 51.00% of the company's issued share capital on a fully diluted basis pursuant to a Share Subscription Agreement dated 26 August 2024, as amended 28 February 2025. Under the terms of his employment agreement, Mr Sun reports to the Board and is eligible to participate in the Group's Performance Incentive Scheme at the discretion of the Remuneration Committee. His performance bonus may be settled in cash, MC Mining shares, or a combination thereof. His appointment is ongoing unless terminated by either party on six months' written notice.

Appointment of Yifan Geng and Bill Pavlovski as Non-Executive Directors

Mr Yifan Geng's appointment as Non-Executive Director, effective 10 November 2026, was made pursuant to shareholder nomination rights recognised in the company's constitution, with the nomination submitted by Eagle Canyon International Group Holding (Hong Kong) Limited. Eagle Canyon's wholly-owned subsidiary, Goldway Capital Investment Limited, holds approximately 11.80% of the company's issued share capital. Mr Blagojce (Bill) Pavlovski, who has continued to serve as the company's Company Secretary, was appointed as an Australian Independent Non-Executive Director on the same date. The filing states his appointment restores compliance with section 201A(2) of the Corporations Act 2001 following the resignation of Dr Steele West.

Board Composition Following Leadership Changes

Following all appointments, the MC Mining Board comprises nine members: Non-Executive Chairman Mr Jianheng (Albert) Deng; Managing Director and CEO Mr Sun Qiming; and Non-Executive Directors Mr Mathews Senosi, Mr Huoxin (Hevin) Wang, Ms Lanlan (Lily) Wang, Mr Guo Xin, Ms Mei Zhang (Australian Director), Mr Yifan Geng, and Mr Blagojce (Bill) Pavlovski (Australian Independent). The filing states that Mr Deng's transition to Non-Executive Chairman ensures continuity of experience and Board oversight. The announcement was authorised for release by the Board of MC Mining Limited.

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