Update ON Upcoming Special Meeting of Shareholders and Postponement of the Record Date
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July 31, 2026
UPDATE ON UPCOMING SPECIAL MEETING OF
SHAREHOLDERS AND POSTPONEMENT OF
THE RECORD DATE
HONG KONG – SouthGobi Resources Ltd. (TSX-V: SGQ, HK: 1878) (“SouthGobi” or the
“Company”) announces an update on its upcoming special meeting of shareholders which is
scheduled to be convened on Thursday, August 27, 2026, in Vancouver, British Columbia,
Canada (i.e. Friday, August 28, 2026 in Hong Kong) (the “Meeting”).
Reference is made to the announcements of the Company dated June 12, 2026 and July 8,
2026 (collectively, the “ Announcements”). Unless otherwise specified, terms used in this
announcement shall have the same meanings as defined in the Announcements.
As a result of the Company requiring additional time to finalize the Management Proxy Circular
and related materials for the Meeting with respect to the disclosure relating to the March 2026
Deferral Agreement, the Company has decided to postpone the Meeting and the Record Date.
Pursuant to the terms of the March 2026 Deferral Agreement, the parties to the March 2026
Deferral Agreement have agreed that t he deadline to obtain TSX Venture Exchange
acceptance and requisite shareholder approval of the March 2026 Deferral Agreement shall
be extended to September 30, 2026.
The Company will make a further announcement regarding the rescheduled date of the
Meeting and the Record Date as and when appropriate.
By order of the Board
SouthGobi Resources Ltd.
Yingbin Ian He
Lead Director
Hong Kong: July 31, 2026
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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.
Forward-Looking Statements
Certain information included in this press release that is not current or historical factual
information constitutes forward -looking statements or information within the meaning of
applicable securities laws (collectively, “forward -looking statements”), including information
about timing with respect to the convening of the Meeting and approval of the March 2026
Deferral Agreement by Independent Shareholders. Forward-looking statements are frequently
characterized by words such as “plan”, “expe ct”, “project”, “intend”, “believe”, “anticipate”,
"could", "should", "seek", "likely", "estimate" and other similar words or statements that certain
events or conditions “may” or “will” occur. Forward -looking statements are based on certain
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factors and assumptions including, among other things, the Company successfully obtaining
the requisite approval from Independent Shareholders of the Company of the March 2026
Deferral Agreement in accordance with applicable Canadian securities laws and Hong Kong
Stock Exchange requirements and other similar factors that may cause actual results to differ
materially from what the Company currently expects. Actual results may vary from the forward-
looking statements. Readers are cautioned not to place undue importance on forward-looking
statements, which speak only as of the date of this disclosure, and not to rely upon this
information as of any other date. While the Company may elect to, it is under no obligation
and does not undertake to, update or revise any forward -looking statements, whether as a
result of new information, further events or otherwise at any particular time, except as required
by law. Additional information concerning factors that may cause actual results to materially
differ from those in such forward-looking statements is contained in the Company’s filings with
Canadian securities regulatory authorities and the website of the Hong Kong regulatory filings
and disclosures of listed issuer information. These can be found under the Company’s profile
on SEDAR+ and HKEXnews respectively, at www.sedarplus.ca and www.hkexnews.hk.