St George Mining Limited (ASX: SGQ) has announced the appointment of Kecheng Cai as a non-executive director of the company, with effect from 1 January 2024.
Cai is a senior executive of Shanghai Jayson New Energy Co., Ltd which, through its wholly owned subsidiary Hong Kong Jayson Holding Co., Ltd, is the largest shareholder in St George Mining with an 11.73% shareholding.
Jayson is the world’s leading producer of cathode precursor materials for lithium-ion batteries and has established a diversified vertical supply chain for clean energy materials that extends from upstream mining to downstream precursor manufacturing.
As Jayson’s head of investment & strategy, Cai has deep knowledge of the global lithium-ion battery sector and been involved in numerous cross-border M&A transactions entailing both upstream and downstream battery assets.
Cai has more than 18 years’ experience in financial investment and corporate strategy, including roles in private equity and funds management.
“We are delighted to welcome…Kecheng Cai to the board of St George. His appointment, and the continued support of Jayson, is an endorsement of our growth strategy and the outstanding opportunities ahead as we advance our portfolio of high-quality battery metals projects in the Tier 1 mining jurisdiction of Western Australia,” commented John Prineas, St George Mining’s executive chairman.
“Mr. Cai’s extensive global experience in the lithium-ion battery industry will provide great value to the board of St George and our company. It is an exciting time for St George as we prepare to launch our 2024 exploration programmes with high-impact lithium and rare earths drill campaigns scheduled to start shortly.”
Cai will receive a director’s fee in line with the other non-executive directors of St George.
For further information, please visit: www.stgm.com.au
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