In accordance with the provision 20.1 of the Listing Rules of MSE, the classification of listing boards have been updated by the CEO's Order No.A/100 of September 04, 2018 taking into account the listed companies' performance in the year of 2017 and 2018. 

Within the framework of this update, "Bayangol Hotel" JSC has been upgraded to Board I, "Jinst Uvs" JSC, "Khuvsgul Altanduulga" JSC and"Lendmn NBFI" JSC have been upgraded to Board II while "Tushig Uul" JSC has been downgraded to Board III.

Source: Mongolian Stock Exchange