Voting Results of Annual Meeting of Shareholders
October 4, 2016
Voting Results of Annual Meeting of Shareholders
HONG KONG – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (the “Company”) announces the voting results of the annual meeting of the shareholders (the “Meeting”) held in Vancouver, Canada on September 30, 2016.
Appointment of Auditors - PricewaterhouseCoopers LLP was appointed as auditors of the Company to hold office for the ensuing year or until their successors are appointed. The resolution was passed by a majority of the votes cast by a show of hands.
Proxy Vote Totals are shown below:
Total shares votes in favour: 122,438,295 (100%)
Total votes withheld: 0 (0%)
Fixing the Number of Directors - The number of Directors of the Company (the “Directors”) to be elected at the Meeting for the ensuing year was fixed at eight. The ordinary resolution was passed by a majority of the votes cast by a show of hands.
Proxy Vote Totals are shown below:
Total shares votes in favour: 122,430,495 (98.92%)
Total votes against: 1,340,850 (1.08%)
Re-Election of Directors – The eight Directors set forth in the Company’s management proxy circular dated August 16, 2016, were re-elected as Directors to hold office for the ensuing year or until their successors are elected or appointed.
The total number of votes cast in favour of, or withheld, for each nominee was as follows:
122,088,370 (99.93%)
Aminbuhe votes for:
votes withheld:
81,700 (0.07%)
Joseph Belan votes for: 122,155,220 (99.99%)
votes withheld: 14,850 (0.01%)
Ningqiao Li votes for: 122,087,170 (99.93%)
votes withheld: 82,900 (0.07%)
Zhu Liu votes for: 122,155,270 (99.99%)
votes withheld: 14,800 (0.01%)
Yulan Guo votes for: 122,088,370 (99.93%)
votes withheld: 81,700 (0.07%)
Jin Lan Quan votes for: 122,155,270 (99.99%)
votes withheld: 14,800 (0.01%)
Mao Sun votes for: 122,155,270 (99.99%)
votes withheld: 14,800 (0.01%)
Huiyi Wang votes for: 122,088,370 (99.93%)
votes withheld: 81,700 (0.07%)
About SouthGobi
SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining and exploration 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
Kino Fu Office: +852 2156 7030 Email: [email protected]
Website: www.southgobi.com