Century Announces Results of 2024 Shareholder Meeting
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IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
For Immediate Release TSX: CNT
CENTURY ANNOUNCES RESULTS OF 2024 SHAREHOLDER MEETING
Hong Kong , September 20, 2024 – Century Glo bal Commodities Corporation (“Century” or the
“Company”) is pleased to announce the results of the 2024 Annual General Meeting of shareholders that
was held on September 20, 2024 in Hong Kong, China.
The Company is pleased to report that, as in prior years, a very high shareholder response was achieved,
with 85.952% of Century’s outstanding shares having been voted at the meeting. At that meeting, the
shareholders:
• set the size of the Board of Directors at nine members;
• elected the Board of Directors; and
• re-appointed Mao & Ying LLP as the Company’s auditors for the upcoming year.
Number of Directors
The number of directors of the Company for the ensuing year was confirmed as and set at nine (9). The
voting results on this matter are as follows:
Setting the Number of Directors
FOR 101,600,218 100.000%
ABSTAINED 0 0.000%
* % results rounded to 0.000%.
Election of Directors
Century’s shareholders accepted management’s nominations for election to the C ompany’s Board of
Directors with overwhelming support. All of the nominees served as directors or alternate director of the
Company prior to the meeting and were re-elected as directors until the Company’s next annual meeting
of shareholders. The voting results on the election of directors are as follows:
Director FOR AGAINST ABSTAINED
Sandy Chim 101,477,358 99.879% 122,860 0.121% 0 0.000%
Dwight Ball 101,600,218 100.000% 0 0.000% 0 0.000%
Howard Bernier 101,600,218 100.000% 0 0.000% 0 0.000%
Jionghui Wang 101,464,558 99.866% 135,660 0.134% 0 0.000%
Yiyan Chen 101,464,558 99.866% 135,660 0.134% 0 0.000%
Gloria Wong 101,600,218 100.000% 0 0.000% 0 0.000%
John Gravelle 101,600,218 100.000% 0 0.000% 0 0.000%
Tak Wai (Wien) Yu 101,600,218 100.000% 0 0.000% 0 0.000%
Kangle Zhao 101,600,218 100.000% 0 0.000% 0 0.000%
* % results rounded to 0.000%.
Re-appointment of Auditors
At the meeting, the Company’s shareholders re-appointed Mao & Ying LLP, Chartered Professional
Accountants, as auditors of the Company for the 2024-2025 financial year. The voting results on this
matter are as follows:
Re-appointment of Auditors
FOR 101,600,218 100.000%
ABSTAINED 0 0.000%
* % results rounded to 0.000%.
ABOUT CENTURY
Century Global Commodities Corporation (TSX:CNT) is primarily a resource exploration and development
company with a large portfolio of multi-billion tonne iron ore projects in Canada, mostly discovered by its
own exploration team. It has other non -ferrous metals properties under exp loration as well as a well -
established food distribution business (Century Food) in Hong Kong.
The Joyce Lake Direct Shipping Iron Ore Project
Joyce Lake, our most advanced project, is an open pit direct shipping iron ore project in Newfoundland
and Labrador, close to the town of Schefferville, Québec which is serviced by a rail link directly to ocean
shipping iron ore ports at Sept-Îles. The Project has completed an updated feasibility study in 2022 and is
undergoing environmental assessment. Joyce Lake is held in a special purpose vehicle, Joyce Direct Iron
Inc. (“JDI”), in which Century owns 90.7%.
Century Food
Century Food is a subsidiary of the Company operating a value-adding marketing and distribution business
of quality food products sourced from such high-quality regions as Europe and Australia for the Hong Kong
and Macau markets. It was created as a counter-cyclical business at the bottom of the Super Cycle in 2015
to generate profit and cash to supplement the metals business.
For further information please contact:
Sandy Chim, President & CEO
Century Global Commodities Corporation
416-977-3188
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
THIS PRESS RELEASE CONTAINS “FORWARD -LOOKING INFORMATION” WITHIN THE MEANING OF CANADIAN
SECURITIES LEGISLATION. THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS
THE EXPECTATIONS OF CENTURY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE
AFTER SUCH DATE. FORWARD-LOOKING INFORMATION INCLUDES INFORMATION THAT RELATES TO, AMONG OTHER
THINGS, THE COMPLETION OF THE RIGHTS OFFERING AND USE OF PROCEEDS OF THE RIGHTS OFFERING, CENTURY’S
OWNERSHIP AND PLANS FOR SPIN-0UT, LISTING, FINANCING AND DEVELOPMENT OF THE JOYCE LAKE DSO IRON ORE
PROJECT, INCLUDING (I) ESTIMATES AS TO RESOURCES AND RESERVES FOR THE PROJECT, (II) ESTIMATES AS TO THE
CAPITAL COSTS, OPERATING COSTS, PRODUCTION RATES, MINE LIFE, NET PRESENT VALU E AND RATES OF RETURN
FOR THE PROJECT, (III) PROJECTIONS AS TO THE TIME FRAME FOR THE ADDITIONAL WORK REQUIRED TO COMPLY
WITH THE PROVINCIAL ENVIRONMENTAL IMPACT ASSESSMENT GUIDELINES; (IV) THE ABILITY OF JDI TO CONCLUDE
BENEFIT AGREEMENTS WITH FIRST NATIONS AND THE GOVERNMENT OF NEWFOUNDLAND AND LABRADOR; (V) THE
TIMELINE FOR COMPLETION OF THE ENVIRONMENTAL IMPACT STATEMENT PROCESS BY JDI; (VI) THE ABILITY OF JDI
TO MEET ALL FEDERAL AND PROVISIONAL ENVIRONMENTAL IMPACT STATEMENT REQUIREMENTS AND TO
ULTIMATELY SECURE THE REQUIRED ENVIRONMENTAL PERMITTING; AND (VII) THE ABILITY OF JDI TO LIST ITS
COMMON SHARES ON AN EXCHANGE, OF WHICH THERE IS NO ASSURANCE. FORWARD -LOOKING INFORMATION IS
BASED ON, AMONG OTHER THINGS, OPINIONS, ASSUMPTIONS, ESTIMATES AND ANALYSES THAT, WHILE CONSIDERED
REASONABLE BY CENTURY AT THE DATE THE FORWARD -LOOKING INFORMATION IS PROVIDED, ARE INHERENTLY
SUBJECT TO SIGNIFICANT RISKS, UNCERTAINTIES, CONTINGENCIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL
RESULTS AND EVENTS TO BE MATERIALLY DIFFERENT FROM THOSE EXPRESSED OR IMPLIED BY THE FORWARD -
LOOKING INFORMATION. THE RISKS, UNCERTAINTIES, CONTINGENCIES AND OTHER FACTORS THAT MAY CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY THE FORWARD -LOOKING
INFORMATION MAY INCLUDE, BUT ARE NOT LIMITED TO, RISKS GENERALLY ASSOCIATED WITH CENTURY’S BUSINESS,
AS DESCRIBED IN CENTURY’S ANNUAL INFORMATION FORM FOR THE YEAR ENDED MARCH 31, 2024. INVESTOR
SHOULD ALSO REVIEW THE JOYCE LAKE DSO IRON ORE PROJECT FEASIBILITY STUDY IN DETAIL IN ORDER TO FULLY
UNDERSTAND THE RISKS AFFECTING THE PROJECT AND THE ESTIMATES INCLUDED IN THE PROJECT. READERS SHOULD
NOT PLACE UNDUE IMPORTANCE ON FORWARD -LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE C ENTURY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS
INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.