SouthGobi Announces the Voting Results of the Shareholders’ Meeting - Seite 2

votes for: 111,214,074 (99.92%)       votes withheld: 8,588 (0.008%)     Jin Lan Quan votes for: 111,216,062 (99.994%)       votes withheld: 6,600 (0.006%)     Mao Sun votes for: 111,216,062 (99.994%)       votes withheld: 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.

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, 2020 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:	[phone] (Hong Kong)
	[phone] (Canada)
Email:	[e-mail]

Website: www.southgobi.com