SouthGobi votes at annual general meeting of shareholders
HONG KONG, HK / ACCESS Newswire / June 26, 2026 / SouthGobi Resources Ltd. (TSX-V:SGQ)(HK:1878) ("SouthGobi" or the "Company") Reference is made to the Management Proxy Circular of the Company dated May 14, 2026 (Vancouver time) (the "Circular"). Unless the context otherwise requires, capitalized terms used herein shall have the same meanings as those defined in the Circular.
The Company is pleased to announce that the Annual General Meeting of the shareholders of the Company was held on Thursday, June 25, 2026 at 6:00 p.m. (Vancouver time), which is Friday, June 26, 2026 at 9:00 a.m. (Hong Kong time) (the "Meeting") at Dentons Canada LLP, 20th floor - 250 Howe Street, Vancouver, British Columbia, Canada.
VOTING RESULTS OF THE MEETING
In respect to the Meeting, the following sets forth a brief description of each matter which was voted upon at the Meeting and the outcome of the vote:
ORDINARY RESOLUTION | FOR | WITHHELD (note (a)) | |
1. | Appointment of Auditors To appoint BDO Limited, Certified Public Accountants (Practicing), Hong Kong, as auditors of the Company for the ensuing year at a remuneration to be fixed by the board of directors. | 136,796,616 (100.00%) | 0 (0.00%) |
ORDINARY RESOLUTION | FOR | AGAINST | |
2. | Number of Directors To consider, and if thought advisable, to pass an ordinary resolution fixing the number of directors of the Company ("Directors") to be elected at the Meeting at eight, as described in the accompanying Circular. | 136,796,016 (100.00%) | 600 (0.00%) |
ORDINARY RESOLUTION | FOR | WITHHELD | |
3. | Election of Director To consider, and if thought advisable, to pass an ordinary resolution to elect Ms. Jin Lan Quan, who has been serving as an independent non-executive Director for more than nine years, as director for the ensuing year. | 136,195,541 (99.56%) | 601,075 (0.44%) |
ORDINARY RESOLUTION | FOR | WITHHELD | |
4. | Election of Director To consider, and if thought advisable, to pass an ordinary resolution to elect Ian He, who has been serving as an independent non-executive Director for more than nine years, as director for the ensuing year. | 136,195,541 (99.56%) | 601,075 (0.44%) |
ORDINARY RESOLUTION | FOR | WITHHELD | |
5. | Election of Directors The Director nominees proposed by management of the Company are: |
Notes:
Please refer to the announcement of the Company dated April 3, 2023 (Vancouver time) and the paragraphs headed "Majority Voting Policy for Directors" and "Majority Voting Policy for Auditors" under the Circular for details of the waiver from Hong Kong Listing Rules granted by HKEX on two-way voting and the relevant majority voting policy adopted by the Company.
As more than 50% of votes were cast in favor of resolutions #1, #2, #3, #4 and #5 above, all such resolutions duly passed as ordinary resolutions at the Meeting.
As at the Record Date of the Meeting, the total number of issued shares of the Company was 296,934,666 Common Shares, being the total number of shares entitling the holders to attend and vote on the resolutions proposed at the Meeting. There were no repurchased shares pending cancellation or treasury shares held by the Company. The full text of the aforesaid resolutions was set out in the Circular.
Save as disclosed in note (a) above, there were (i) no Common Shares entitling the holders to attend and abstain from voting in favor of any resolution at the Meeting as set out in Rule 13.40 of the Hong Kong Listing Rules at the Meeting; and (ii) no Shareholder was required under the Hong Kong Listing Rules to abstain from voting on the resolutions at the Meeting and these were no restrictions on any Shareholder casting vote on the resolutions proposed at the Meeting.
None of the Shareholders have stated their intention in the Circular to vote against or to abstain from voting on any of the resolutions proposed at the Meeting.
The Company's share registrar, TSX Trust Company, acted as the scrutineer for the vote-taking at the Meeting.
Of the Company's Directors, Mses. Chonglin Zhu, Jin Lan Quan, Messrs. Ruibin Xu, Chen Shen, Zaixiang Wen, Yingbin Ian He, and Fan Keung Vic Choi attended the Meeting through the telecommunication facilities. Mr. Zhu Gao, a Non-Executive Director, was absent due to his other business commitments.
There was no further item brought before the Meeting and no amendment or variation were proposed at the Meeting.
By order of the Board
SouthGobi Resources Ltd.
Yingbin Ian He
Lead Director
Hong Kong: June 26, 2026
As at the date of this announcement, the executive directors of the Company are Mr. Ruibin Xu, Ms.Chonglin Zhu and Mr. Chen Shen; the independent non-executive directors of the Company are Mr.Yingbin Ian He, Ms. Jin Lan Quan and Mr. Fan Keung Vic Choi; and the non-executive directors of the Company are Mr. Zhu Gao and Mr. Zaixiang Wen.
About SouthGobi
SouthGobi, listed on the Hong Kong Stock Exchange and the TSX Venture Exchange, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining licences of its other metallurgical and thermal coal deposits in South Gobi region of Mongolia. SouthGobi produces and sells coal to customers in China.
Contact:
Investor Relations
Email: info@southgobi.com
Mr. Ruibin Xu
Chief Executive Officer
Office: +852 2156 1438 (Hong Kong)
Website: www.southgobi.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: SouthGobi Resources Ltd.
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