Western Resources Reports AGM Results

VANCOUVER, British Columbia, May 08, 2023 (GLOBE NEWSWIRE) -- Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual General Shareholder Meeting (“AGM”) held today, March 10, 2023. The approved items are:

1. Fixed the number of directors of the Company at 7;
2. The election of Bill Xue, George Gao, Mark Fracchia, Justin Xing, Guy Bentinck, Andrew Hancharyk and Scott Nagel to the Board. A total of 328,893,991 common shares, representing 80.51% of the outstanding common shares of the Company as at the record date, were present in person or by proxy at the meeting. The approximate number of those votes “For” each director, the approximate "Percentage" of the total votes cast and the "Withheld/Abstain" votes for each director are shown as below: 

Director	For	Withheld/Abstain	Percentage
Bill Xue	290,562,409	281,780	99.90%
George Gao	290,563,629	280,560	99.90%
Mark Fracchia	290,647,637	196,552	99.93%
Justin Xing	290,649,317	194,872	99.93%
Guy Bentinck	290,646,287	197,902	99.93%
Andrew Hancharyk	290,648,837	195,352	99.93%
Scott Nagel	290,651,047	193,142	99.93%

     3. The re-appointment of MNP LLP as auditors of the Company at a remuneration to be fixed by the directors, with 290,705,797 shares voted “For”, representing 99.95% of the outstanding common shares of the Company and 138,392 shares voted “Withheld”.

The new Board then re-elected Mr. Bill Xue as Chairman of the Company, with Mr. Justin Xing as Chair of the Executive Committee, Mr. Mark Fracchia as Chair of the Nominating and Assessment Committee, Mr. Guy Bentinck as Chair of the Audit Committee, Mr. Scott Nagel as Chair of the Compensation Committee and Mr. Andrew Hancharyk as Chair of the Corporate Disclosure Policy Committee. Mr. Shuai Wei and Mr. Owen Zhang are re-appointed as Board Observers.