Eastplats Announces Voting Results of Its Annual General and Special Meeting of Shareholders
1080 - 1188 West Georgia St. Vancouver, BC Canada V6E 4A2
NEWS RELEASE
EASTPLATS ANNOUNCES VOTING RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
Vancouver, British Columbia, June 18, 2025 – Eastern Platinum Limited (TSX: ELR)(JSE: EPS) (“Eastplats” or the “Company”) announces the voting results of the Company’s 2025 Annual General and Special Meeting of Shareholders held on June 17, 2025 (the “Meeting”). A total of 122,533,921 common shares were voted at the Meeting, representing 60.51% of the votes attached to all the outstanding common shares of the Company.
Detailed results of the vote held at the Meeting are set out below:
Business Outcome of Votes For Votes Votes Vote Against Withheld
1. To set the number of Directors 122,379,825 154,096 Approved at 5 (99.87%) (0.13%)
2. Resolution electing:
Approved 10,654,809 110,153,359
(a) Dr. Bielin Shi;
(8.82%) (91.18%) Approved 120,579,533 228,635
(b) Xin (Alex) Guan;
(99.81%) (0.19%) Approved 120,573,767 234,401
(c) Changyu (Charlie) Liu;
(99.81%) (0.19%) Approved 120,584,083 224,085
(d) Lisa Ng; and (99.82%) (0.18%) Approved 120,573,667 234,501
(e) Eason Cong Chen (99.81%) (0.19%)
as directors of the Company.
3. Resolution appointing Approved 122,360,473 173,447 Davidson & Company LLP, as (99.86%) (0.14%) auditors of the Company for the ensuing year and authorizing the directors of the Company to fix their remuneration.
4. Resolution approving the Approved 120,155,919 652,249 unallocated options, rights and (99.46%) (0.54%)
other entitlements issuable under the Company’s Stock Option Plan for a further three years.
Based on the voting results, all of the nominees proposed as directors and listed in the management information circular dated May 6, 2025 (the “Circular”) were elected as directors of Eastplats at the Meeting in accordance with applicable corporate law.
However, one director, Dr. Bielin Shi, had more votes withheld than were voted in their favour of their appointments to the Board. As a result, in accordance with the Company's Majority Voting Policy (the "Policy"), Dr. Shi has tendered his resignation from the Board of Directors of the Company (the “Board”), effective upon acceptance by the Board. The Board will refer such resignations to the Corporate Governance and Compensation Committee (the "Committee") for consideration on whether or not to accept the resignations submitted by Dr. Shi. In accordance with the Policy, the Board shall accept such resignation unless the Committee determines that there are exceptional circumstances relating to the composition of the Board or the voting results that should delay the acceptance of such resignation or justify rejecting such resignation. The Board will issue a news release with its decision.
At the Meeting, the unallocated options, rights or other entitlements issuable under Eastplats’ Stock Option Plan have been authorized for three further years and Davidson & Company LLP was also re-appointed as auditors of Eastplats.
For further information, please contact:
EASTERN PLATINUM LIMITED Wylie Hui, Chief Financial Officer and Corporate Secretary [email protected] (email)
(604) 568-8200 (phone)
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.