In accordance with the Company Law of Mongolia, if a regular shareholder meeting is not called and held within the four months following the end of each fiscal year of a company, the authority of the Board of directors except for the authority to call the shareholders meetings shall be terminated.
The authority of the Board of Directors of the following 55 companies except for the authority to call the shareholders meetings has been terminated, as they have not held the shareholder meeting within the specified period:
| 1 | AR TARKHI | 20 | MUDIX | 39 | DULAAN SHARYN GOL |
| 2 | BAYANTALBAI | 21 | IKH BARILGA | 40 | NIISLEL URGUU |
| 3 | ERDENET ZANDAN | 22 | SELENGE SUREG | 41 | ULZII-DUNDGOBI |
| 4 | ALMAAS | 23 | IKH NUUR | 42 | KHUNS-ARKHANGAI |
| 5 | AR BAYANKHANGAI | 24 | IKH UUSGEL | 43 | SHIM |
| 6 | BAYANTOOROI | 25 | UV-USJUULAGCH | 44 | ERDENET SUVRAGA |
| 7 | DORNOD | 26 | SELENGE IMPEX | 45 | BORNUUR |
| 8 | MON-ASAR | 27 | AUTO ZAM | 46 | TSAGAANTOLGOI |
| 9 | MUNKH JIM | 28 | AGROTECHIMPEX | 47 | DARKHAN MAKH EXPO |
| 10 | TUV US | 29 | AJLIIN HUVTSAS | 48 | NOYOTKHAIRKHAN |
| 11 | KHANGAL | 30 | BAYALARSHARYN GOL | 49 | ORKHONDALAI |
| 12 | KHARGIA | 31 | BUTEEL | 50 | MONGOL DIESEL |
| 13 | ESGII GUTAL | 32 | JINST | 51 | MONGOL CERAMIC |
| 14 | URGUN KHEREGLEE | 33 | KHUDUUGIIN TEEVER | 52 | MONGOL SHEVRO |
| 15 | KHARSHIIN GEREE | 34 | CHANDMANI DUNDGOVI | 53 | SAV SHIM |
| 16 | KHURTAI | 35 | CHANDMANI UUL | 54 | KHANYN MATERIAL |
| 17 | BOROOGIIN UILDVER | 36 | ASBI | 55 | BEREN MINING |
| 18 | GLOBAL MONGOLIA HOLDINGS | 37 | BINSE | ||
| 19 | EUROFEU SIA | 38 | GONIR |
FRC warns the shareholders, the executive management, partners and other related parties that any agreements or transactions made with these companies shall be deemed as invalid.
Source: Financial Regulatory Committee