Century Announces Results of 2020 Shareholder Meeting and Appointment of New CFO
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For Immediate Release TSX: CNT
CENTURY ANNOUNCES RESULTS OF 2020 SHAREHOLDER MEETING AND APPOINTMENT OF NEW CFO
Toronto, Canada, September 22, 2020 – Century Glo bal Commodities Corporation (“Century” or the
“Company”) is pleased to announce the results of the 2020 Annual General Meeting of shareholders that
was held on September 21, 2020 in Hong Kong, China.
The Company is pleased to report that, as in prior years, a very high shareholder response was achieved,
with 89.635% 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 eight members;
• elected the Board of Directors;
• approved the Company’s Equity Incentive Plan; and
• re-appointed PricewaterhouseCoopers 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 eight (8). The
voting results on this matter are as follows:
Setting the Number of Directors at 8
FOR 87,187,202 99.885%
AGAINST 100,050 0.115%
ABSTAINED 0 0%
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 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:
Election of Directors
Director FOR AGAINST ABSTAINED
Sandy Chim 87,065,171 99.746% 222,081 0.254% 0 0%
Hua Bai 87,065,000 99.745% 222,252 0.255% 0 0%
Howard Bernier 87,287,202 100%* 50 0%* 0 0%
Jiong Hui Wang 87,187,202 99.885% 100,050 0.115% 0 0%
Kit Ying (Karen) Lee 87,187,202 99.885% 100,050 0.115% 0 0%
Yiyan Chen 87,065,171 99.746% 222,081 0.254% 0 0%
Pengfeng Zhu 87,065,171 99.746% 222,081 0.254% 0 0%
Gloria Wong 87,187,202 99.885% 100,050 0.115% 0 0%
* % results rounded to 0.000%.
Re-approval of Equity Incentive Plan
At the meeting, the Company’s shareholders also re-approved the Company’s Equity Incentive Plan, making
the plan available for grants of equity-based incentive compensation for the next three years. The following
are the results of the vote on this matter:
Re-approval of Equity Incentive Plan
FOR 82,471,661 94.483%
AGAINST 174,181 0.200%
ABSTAINED 4,641,410 5.317%
Re-appointment of Auditors
At the meeting, the Company’s shareholders re-appointed PricewaterhouseCoopers LLP, Chartered
Accountants, as auditors of the Company for the 2020-2021 financial year. The voting results on this matter
are as follows:
Re-appointment of Auditors
FOR 88,288,402 100.000%*
AGAINST 50 0.000%*
ABSTAINED 0 0%
* % results rounded to 0.000%.
Appointment of New CFO
The Company also announced that effective October 1, 2020, Bonnie Leung will take on the roles of Chief
Financial Officer and Co-Secretary of the Company, adding those roles to her current role as Vice President
(Finance) of the Company. Alex Tsang will continue serving as Chief Financial Officer and Co-Secretary until
October 1, 2020, when Ms. Leung’s appointment takes effect.
Ms. Leung joined Century in 2011 as Financial Controller. She is a member of the Association of Chartered
Certified Accountants and the Hong Kong Institute of Certified Public Accountants, and h as 20 years of
experience in financial management. Ms. Leung graduated from the Chinese University of Hong Kong and
obtained her Master of Business Administration degree from the Hong Kong University of Science and
Technology. Prior to joining Century, s he worked in Ernst & Young and Philips , having gained extensive
experience in financial audits, IPOs, internal audits, compliance and risk management.
Sandy Chim, Chairman of the Board, President & Chief Executive Officer of Century said: “On behalf of the
Board of Directors, I want to thank Alex Tsang for his service to the Company. Since joining the Company
in the Fall of 2016, Mr. Tsang made many important contributions to the Compa ny and to the projects
undertaken by Century since that time. We are grateful for his work and wish him much success as he
moves onto other projects. I also want to congratulate Ms. Leung on her new responsibilities. I have every
confidence in her abilities and know that with her deep knowledge of the Company, having been developed
through nearly a decade as part of our management team, the financial oversight of Century remains in
good hands.”
About Century
Century Global Commodities Corporation (TSX:CNT) has established a large portfolio of iron ore projects
with extensive resources in Canada and has other metals and non-metals operations as follows.
Iron Ore
With Baowu and Minmetals, both Global Fortune 500 companies, as Chinese st rategic partners, Century
owns one of the largest iron ore mineral resource bases in the world, across five projects in Quebec and
Newfoundland and Labrador. Joyce Lake, a direct shipping iron ore (“DSO”) project in Newfoundland and
Labrador, is our most a dvanced project. It has completed feasibility and permitting studies and can be
brought to production within approximately 30 months . We are maintaining our properties ready for
advancement after a return to sustained higher iron ore prices.
Quality Food Services
Century has established a professional marketing team and built a distribution system of quality food
products sourced from advanced countries to serve the Hong Kong market.
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, CENTURY’S INTENTION TO EVALUATE
PROSPECTIVE TRANSACTIONS ARISING FROM THE REVIEW BY CENTURY OF ITS STRATEGIC OPTIONS AND
ITS AVAILABLE WORKING CAPITAL . 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 FACTO RS
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, 2020. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD -
LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE .
WHILE CENTURY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION A T ANY
PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.