It's critical not to hand over any control to the Chinese at this stage... full stop. Kanga is a long-term strategic asset, and PEK lost too much influence to the Chinese once Shenghe bought up 19% and a seat on the board. PEK is in a similar desperate boat to all RE developers regards off-take deals to the west, which simply isn;t ready to gear up large downstream RE processing offtake deals yet.
So don;t do any strategic deals with China yet, just bring them into the circle and part of the game. New board member sounds perfect for negotiating with the Chinese, obviously the rest can negotiate with the west by themselves... all options covered.
Ann: Lindian strengthens Board with new Director appointment, page-7
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