SGQ.V · 2026-06-26 12:00:00

Southgobi Announces Voting Results of Annual General Meeting of Shareholders

Shareholder Meetings

June 26, 2026

SOUTHGOBI ANNOUNCES VOTING RESULTS OF

ANNUAL GENERAL MEETING OF SHAREHOLDERS

HONG KONG – SouthGobi Resources Ltd. (TSX-V: SGQ, HK: 1878) (“SouthGobi” or the

“Company”) Reference is made to the Management Proxy Circular of the Company dated

May 14, 2026 (Vancouver time) (the “ Circular”). Unless the context otherwise requires,

capitalized terms used herein shall have the same meanings as those defined in the Circular.

The Company is pleased to announce that the Annual General Meeting of the shareholders

of the Company was held on Thursday, June 25, 2026 at 6:00 p.m. (Vancouver time), which

is Friday, June 26, 2026 at 9:00 a.m. (Hong Kong time) (the “Meeting”) at Dentons Canada

LLP, 20th floor – 250 Howe Street, Vancouver, British Columbia, Canada.

VOTING RESULTS OF THE MEETING

In respect to the Meeting, the following sets forth a brief description of each matter which was

voted upon at the Meeting and the outcome of the vote:

ORDINARY RESOLUTION FOR WITHHELD

(note (a))

1. Appointment of Auditors

To appoint BDO Limited, Certified Public

Accountants

(Practicing), Hong Kong, as auditors of the

Company for the ensuing year at a remuneration

to be fixed by the board of directors.

136,796,616

(100.00%)

(0.00%)

ORDINARY RESOLUTION FOR AGAINST

2. Number of Directors 136,796,016

(100.00%)

600

(0.00%)

To consider, and if thought advisable, to pass an

ordinary resolution fixing the number of directors

of the Company (“Directors”) to be elected at the

Meeting at eight, as described in the

accompanying Circular.

ORDINARY RESOLUTION FOR WITHHELD

(note (a))

3. Election of Director

To consider, and if thought advisable, to pass an

ordinary resolution to elect Ms. Jin Lan Quan, who

has been serving as an independent non -

executive Director for more than nine years, as

director for the ensuing year.

136,195,541

(99.56%)

601,075

(0.44%)

ORDINARY RESOLUTION FOR WITHHELD

(note (a))

4. Election of Director

To consider, and if thought advisable, to pass an

ordinary resolution to elect Ian He, who has been

serving as an independent non-executive Director

for more than nine years, as director for the

ensuing year.

136,195,541

(99.56%)

601,075

(0.44%)

ORDINARY RESOLUTION FOR WITHHELD

(note (a))

5. Election of Directors

The Director nominees proposed by management of the Company are:

Ruibin Xu 136,796,015

(99.56%)

601

(0.00%)

Chonglin Zhu 136,197,140

(99.56%)

599,476

(0.44%)

Chen Shen 136,196,540

(99.56%)

600,076

(0.44%)

Zhu Gao 136,796,615

(100.00%)

(0.00%)

Zaixiang Wen 136,796,015

(100.00%)

601

(0.00%)

Yingbin Ian He 136,196,541

(99.56%)

600,075

(0.44%)

Jin Lan Quan 136,196,541

(99.56%)

600,075

(0.44%)

Fan Keung Vic Choi 136,796,615

(100.00%)

(0.00%)

Notes:

(a) Please refer to the announcement of the Company dated April 3, 2023 (Vancouver

time) and the paragraphs headed “Majority Voting Policy for Directors” and “Majority

Voting Policy for Auditors” under the Circular for details of the waiver from Hong Kong

Listing Rules granted by HKEX on two -way voting and the relevant majority voting

policy adopted by the Company.

(b) As more than 50% of votes were cast in favor of resolutions #1, #2, #3, #4 and #5

above, all such resolutions duly passed as ordinary resolutions at the Meeting.

Company was 296,934,666 Common Shares, being the total number of shares

entitling the holders to attend and vote on the resolutions proposed at the Meeting.

There were no repurchased shares pending cancellation or treasury shares held by

the Company. The full text of the aforesaid resolutions was set out in the Circular.

(d) Save as disclosed in note (a) above, there were (i) no Common Shares entitling the

holders to attend and abstain from voting in favor of any resolution at the Meeting as

set out in Rule 13.40 of the Hong Kong Listing Rules at the Meeting; and (ii) no

Shareholder was required under the Hong Kong Listing Rules to abstain from voting

on the resolutions at the Meeting and these were no restrictions on any Shareholder

casting vote on the resolutions proposed at the Meeting.

(e) None of the Shareholders have stated their intention in the Circular to vote against or

to abstain from voting on any of the resolutions proposed at the Meeting.

(f) The Company’s share registrar, TSX Trust Company, acted as the scrutineer for the

vote-taking at the Meeting.

(g) Of the Company’s Directors, Mses. Chonglin Zhu, Jin Lan Quan, Messrs. Ruibin Xu,

Chen Shen, Zaixiang Wen, Yingbin Ian He, and Fan Keung Vic Choi attended the

Meeting through the telecommunication facilities. Mr. Zhu Gao, a Non -Executive

Director, was absent due to his other business commitments.

There was no further item brought before the Meeting and no amendment o r variation were

proposed at the Meeting.

By order of the Board

SouthGobi Resources Ltd.

Yingbin Ian He

Lead Director

Hong Kong: June 26, 2026

As at the date of this announcement, the executive directors of the Company are Mr.

Ruibin Xu, Ms. Chonglin Zhu and Mr. Chen Shen; the independent non-executive

directors of the Company are Mr. Yingbin Ian He, Ms. Jin Lan Quan and Mr. Fan Keung

Vic Choi; and the non-executive directors of the Company are Mr. Zhu Gao and Mr.

Zaixiang Wen.

About SouthGobi

SouthGobi, listed on the Hong Kong Stock Exchange and the TSX Venture Exchange, owns

and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining 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

Email: [email protected]

Mr. Ruibin Xu

Chief Executive Officer

Office: +852 2156 1438 (Hong Kong)

Website: www.southgobi.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is

defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy

or accuracy of this release.

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