Southgobi Announces the Voting Results of the Shareholders’ Meeting
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January 25, 2021
SOUTHGOBI ANNOUNCES THE VOTING RESULTS OF
THE SHAREHOLDERS’ MEETING
VANCOUVER – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi” or the
“Company”) is pleased to announce the voting results of the annual and special meeting of
shareholders of the Company (the “Shareholders’ Meeting”) held in Vancouver, Canada on
January 21, 2021. At the Meeting, the majority of the Company’s shareholders voted in favour
of the following matters as set out in the Company’s management proxy circular dated
December 9, 2020 (the “Circular”), a copy of which is available under the Company’s profile
on SEDAR at www.sedar.com.
The voting results are as follows:
Appointment of Auditors - BDO Limited, Certified Public Accountants (Practicing), Hong
Kong, was appointed as auditor of the Company to hold office for the ensuring year or until
their successors are appointed. The ordinary resolution was passed by a majority of the votes
cast by a show of hands.
Total votes in favour: 111,393,645 (100.00%)
Total votes withheld: 0 (0.00%)
Fixing the Number of Directors - The number of directors to be elected at the Meeting was
fixed at eight. The ordinary resolution was passed by a majority of the votes cast by a show of
hands.
Total votes in favour: 111,221,862 (99.999%)
Total votes against: 800 (0.001%)
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Election of Directors – The eight director nominees set forth in the Company’s Circular were
elected as directors to hold office for the ensuing year or until their successors are elected or
appointed. The ordinary resolution was passed by a majority of the votes cast by ballot.
Dalanguerban votes for:
votes withheld:
111,218,674 (99.996%)
3,988 (0.004%)
Jianmin Bao votes for:
votes withheld:
111,214,674 (99.993%)
7,988 (0.007%)
Zhiwei Chen votes for:
votes withheld:
111,212,874 (99.991%)
9,788 (0.009%)
Yingbin Ian He votes for: 111,212,874 (99.991%)
votes withheld: 9,788 (0.009%)
Ka Lee Ku votes for:
votes withheld:
111,214,674 (99.993%)
7,988 (0.007%)
Ben Niu votes for:
votes withheld:
111,214,074 (99.92%)
8,588 (0.008%)
Jin Lan Quan votes for: 111,216,062 (99.994%)
votes withheld: 6,600 (0.006%)
Mao Sun votes for:
votes withheld:
111,216,062 (99.994%)
6,600 (0.006%)
2020 November Deferral Agreement – The disinterested shareholders of the Company
passed an ordinary resolution authorizing, approving and ratifying the deferral agreement
dated November 19, 2020 (the “ 2020 November Deferral Agreement ”) between Land
Breeze II S.à.r.l, and Fullbloom Investment Corporation, each being a wholly -owned
subsidiary of China Investment Corporation, the Company and certain of its subsidiaries, the
actions of the directors of the Company in approving the 2020 November Deferral Agreement
(as more particularly described in the Circular) and the actions of the officers of the Company
in executing and delivering the 2020 November Deferral Agreement. The ordinary resolution
was passed by a majority of the votes cast by ballot.
Total votes in favour: 46,446,771 (99.980%)
Total votes against: 9,300 (0.020%)
If there is any inconsistency or discrepancy between the English version and the Chinese
version, the English version shall prevail.
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CONTINUED SUSPENSION OF TRADING
Trading in the common shares of the Company on the Toronto Stock Exchange and the Hong
Kong Stock Exchange has been suspended since June 19, 2 020 and August 17, 2020
respectively and will remain suspended until further notice.
About SouthGobi
SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates its
flagship Ovoot Tolgoi coal mine in Mongolia. SouthGobi produces and sells coal to customers
in China.
Contact:
Investor Relations
Office: +852 2156 1438 (Hong Kong)
+1 604 762 6783 (Canada)
Email: [email protected]
Website: www.southgobi.com