Ankündigung • May 22
SouthGobi Resources Ltd. Announces Class Action Settlement Approval SouthGobi Resources Ltd. had the Ontario Superior Court of Justice approve a class action settlement for CAD 6.8 million to resolve all claims asserted on behalf of all persons and entities, wherever they may reside or may be domiciled, who acquired SouthGobi's securities during the Class Period and continued to hold some or all of those securities as of November 8, 2013, other than Excluded Persons. In the above definition: 'Class Period' means the period from March 30, 2011 through November 7, 2013 inclusive. 'Excluded Persons' means the Defendant and any of its controlling shareholders, past and present subsidiaries, affiliates, officers, directors, senior employees, partners, legal representatives, heirs, predecessors, successors and assigns and China Investment Corporation; 'Securities' means common shares of SouthGobi Resources Ltd. and which, throughout the Class Period, were also admitted to trading on alternative trading venues in Canada, including Alpha Toronto and Chi-X Toronto. The settlement is a compromise of disputed claims and is not an admission of liability or wrongdoing by the Defendant. To be eligible to obtain compensation from the settlement, Class Members must submit a claim form to the Claims Administrator by June 15, 2026, at 11:59PM EST. Ankündigung • Apr 24
SouthGobi Resources Ltd. to Report Q1, 2026 Results on May 14, 2026 SouthGobi Resources Ltd. announced that they will report Q1, 2026 results on May 14, 2026 Ankündigung • Apr 11
SouthGobi Resources Ltd., Annual General Meeting, Jun 25, 2026 SouthGobi Resources Ltd., Annual General Meeting, Jun 25, 2026. Location: vancouver, british columbia, Canada Ankündigung • Mar 16
SouthGobi Resources Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 SouthGobi Resources Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Ankündigung • Nov 04
SouthGobi Resources Ltd. to Report Q3, 2025 Results on Nov 14, 2025 SouthGobi Resources Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025 Ankündigung • Aug 01
SouthGobi Resources Ltd. to Report First Half, 2025 Results on Aug 14, 2025 SouthGobi Resources Ltd. announced that they will report first half, 2025 results on Aug 14, 2025 Ankündigung • Jun 29
SouthGobi Resources Ltd. Appoints Jin Lan Quan as Director SouthGobi Resources Ltd. in its AGM held on June 26, 2025 approved 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. Ankündigung • May 02
SouthGobi Resources Ltd. to Report Q1, 2025 Results on May 15, 2025 SouthGobi Resources Ltd. announced that they will report Q1, 2025 results on May 15, 2025 Ankündigung • Apr 25
SouthGobi Resources Ltd., Annual General Meeting, Jun 26, 2025 SouthGobi Resources Ltd., Annual General Meeting, Jun 26, 2025. Location: vancouver, british columbia, Canada Ankündigung • Mar 18
SouthGobi Resources Ltd. to Report Q4, 2024 Results on Mar 28, 2025 SouthGobi Resources Ltd. announced that they will report Q4, 2024 results on Mar 28, 2025 Ankündigung • Nov 04
SouthGobi Resources Ltd. to Report Q3, 2024 Results on Nov 14, 2024 SouthGobi Resources Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Ankündigung • Aug 09
SouthGobi Resources Ltd. Provides Earnings Guidance for the Six Months Ended June 30, 2024 SouthGobi Resources Ltd. provided earnings guidance for the six months ended June 30, 2024. The Company informed its shareholders and potential investors that, based on the preliminary assessment of the Company and its subsidiaries' unaudited management accounts for the six months ended June 30, 2024 and the information currently available to the Company, it is expected that the Company would record a net profit attributable to equity holders of the Company within the range of USD 9.0 million to USD 11.0 million for the six ended June 30, 2024, as compared to a net loss attributable to equity holders of the Company of approximately USD 52.8 million for the corresponding period in 2023. The turnaround result is primarily due to (1) the increase in sales volume during the Interim Period; and (2) an additional tax and tax penalty of USD 75.0 million imposed by MTA was recorded in the second quarter of 2023 as disclosed in the announcements dated July 31, 2023, August 18, 2023, February 26, 2024, May 22, 2024 and June 12, 2024. Ankündigung • Aug 01
SouthGobi Resources Ltd. to Report First Half, 2024 Results on Aug 14, 2024 SouthGobi Resources Ltd. announced that they will report first half, 2024 results on Aug 14, 2024 Ankündigung • Jun 28
Southgobi Resources Ltd. Announces Board and Committee Changes SouthGobi Resources Ltd. at its AGM held on June 28, 2024 approved election of Fan Keung Vic Choi as independent non-executive director and appointed as Chair of the Compensation and Benefits Committee and a member of the Audit and Nominating and Corporate Governance Committees immediately upon conclusion of the Meeting. Mr. Fan Keung Vic Choi, aged 59, is a solicitor of the High Court of Hong Kong. Since September 2018, Mr. Choi has been a consultant solicitor of Messrs. Howse Williams, an independent Hong Kong law firm, primarily focused on advising and representing banks and financial industry participants in defending investigations and prosecutions brought by regulators and law enforcement agencies. He is an independent non-executive director of Shoucheng Holdings Limited (HKEX stock code: 0697), an investment holding company mainly engaged in the management of private funds and management and operations of car parking assets. Mr. Choi's career has spanned over 40 years, with a focus on regulatory compliance, compliance management, prevention and control of commercial crime and investigation and has extensive experience in legal practice and, crime investigation and prosecution. In addition to his practice at Messrs. Howse Williams, Mr. Choi has acted as General Counsel for listed company and regulated fund management firm. He was employed by HSBC Bank (China) Co. Ltd. (May 2010 to December 2014), and served as deputy head of compliance, area compliance office in China and head of compliance where he managed over 160 compliance officers and was responsible for regulatory compliance and prevention and control of financial crime in over 60 cities in China. Mr. Choi obtained a bachelor degree, Post graduate certificate and a Master's degree in Law from the University of Hong Kong. He is a member of the Law Society of Hong Kong, a member of the Association of Certified Fraud Examiners and a director on the Board of its Hong Kong Chapter. He is a member of the Canadian Institute of Corporate Directors. Mr. Mao Sun did not stand for re-election at the Meeting. Following the Meeting, Mr. Sun ceased to be an independent non-executive director, the Lead Director of the Company, the Chair of the Audit Committee, and a member of the Nominating and Corporate Governance Committee and the Compensation and Benefits Committee. Immediately following Mr. Sun's cessation of the positions mentioned above, Mr. Yingbin Ian He, an independent non-executive director of the Company, was appointed as the Lead Director of the Company. Ms. Jin Lan Quan was appointed as the Chair of the Audit Committee. Ankündigung • May 15
SouthGobi Resources Ltd. Provides Update on Lawsuit SouthGobi Resources Ltd. provided update on lawsuit. In January 2014, Siskinds LLP filed a class action against the Company, certain of its former senior officers and directors, and its former auditors, in the Ontario Court in relation to the Company's restatement of certain financial statements previously disclosed in the Company's public fillings (the "Restatement"). To commence and proceed with the Class Action, the plaintiff was required to seek leave of the Court under the Ontario Securities Act ("Leave Motion") and certify the action as a class proceeding under the Ontario Class Proceedings Act. The Ontario Court rendered its decision on the Leave Motion on November 5, 2015, dismissing the action against the former senior officers and directors and allowing the action to proceed against the Company in respect of alleged misrepresentation affecting trades in the secondary market for the Company's securities arising from the Restatement. The action against the Former Auditors was settled by the plaintiff on the eve of the Leave Motion. Both the plaintiff and the Company appealed the Leave Motion decision to the Ontario Court of Appeal. On September 18, 2017, the Ontario Court of Appeal dismissed the Company's appeal of the Leave Motion to permit the plaintiff to commence and proceed with the Class Action. Concurrently, the Ontario Court of Appeal granted leave for the plaintiff to proceed with their action against the former senior officers and directors in relation to the Restatement. The Company filed an application for leave to appeal to the Supreme Court of Canada in November 2017, but the leave to appeal to the Supreme Court of Canada was dismissed in June 2018. In December 2018, the parties agreed to a consent Certification Order, whereby the action against the former senior officers and directors was withdrawn and the Class Action would only proceed against the Company. To date, counsel for the plaintiffs and defendant have completed: (i) all document production; (ii) oral examinations for discovery; and (iii) counsel for the plaintiffs have served their expert reports on liability and damages. Counsel for the plaintiffs and defendant have agreed on the case management judge, who has ordered certain motions brought by the defendant and the plaintiffs to commence on May 13 and 14, 2024. Further discovery motions before an Associate Justice has been scheduled for August 7-9, and September 17, 2024. Following the determination of the motions and any subsequent order to re-attend examinations, counsel for the defendant will serve responding expert reports on liability and damages approximately one month following any re-examinations/further examinations are completed. Counsel for the plaintiff and defendant have requested a further case conference to set a new trial date following the undertakings motion and serving of expert reports. The Company has urged a trial as early as possible. The Company firmly believes that it has a strong defense on the merits and will continue to vigorously defend itself against the Class Action through independent Canadian litigation counsel retained by the Company for this purpose. Due to the inherent uncertainties of litigation, it is not possible to predict the final outcome of the Class Action or determine the amount of potential losses, if any. However, the Company has determined that a provision for this matter as at March 31, 2024 was not required. Ankündigung • May 03
SouthGobi Resources Ltd. to Report Q1, 2024 Results on May 14, 2024 SouthGobi Resources Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Ankündigung • Apr 13
SouthGobi Resources Ltd., Annual General Meeting, Jun 27, 2024 SouthGobi Resources Ltd., Annual General Meeting, Jun 27, 2024. Ankündigung • Mar 16
SouthGobi Resources Ltd. to Report Q4, 2023 Results on Mar 28, 2024 SouthGobi Resources Ltd. announced that they will report Q4, 2023 results on Mar 28, 2024 Ankündigung • Feb 02
SouthGobi Resources Ltd. Announces CFO Changes SouthGobi Resources Ltd. announced that Ms. Chonglin Zhu has been appointed as the Chief Financial Officer of the Company, replacing Mr. Alan Ho who has been assigned to a new management position in the Company. The changes become effect on February 2, 2024 Hong Kong time. Ms. Zhu, aged 36, joined the Company in September 2022 as Senior Vice President of Finance and an Executive Director of the Company. Prior to joining the Company, Ms. Zhu was the Chief Financial Officer of Inner Mongolia Tianyu Innovation Investment Group Co. Ltd. from March 2015 to September 2022. Tianyu Group is an investment company based in Inner Mongolia, China with a variety of businesses including coal mining and processing. Ms. Zhu was responsible for managing the financial operations and investments of Tianyu Group. She joined Tianyu Group in 2011 and served as a business manager in the finance department of Tianyu Group between 2012 and 2015. Ms. Zhu obtained a bachelor of art degree in Japanese language and literature at Guangdong University of Foreign Studies in 2009 and a bachelor degree in accounting at Harbin University of Science and Technology in 2016. She is a member of the Canadian Institute of Corporate Directors. Ankündigung • Nov 04
SouthGobi Resources Ltd. Provides Unaudited Earnings Guidance for the Three Months Ended September 30, 2023 SouthGobi Resources Ltd. provided unaudited earnings guidance for the three months ended September 30, 2023. The company would record a net profit between USD 26 million and USD 34 million for the three months ended September 30, 2023, as compared to a net loss of USD 8 million for the corresponding period in 2022. The expected net profit is primarily attributable to the increased sales volume and improvement in the Company's average realized selling price during the third quarter of 2023. Ankündigung • Nov 03
SouthGobi Resources Ltd. to Report Q3, 2023 Results on Nov 14, 2023 SouthGobi Resources Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023 Ankündigung • Aug 24
SouthGobi Resources Ltd. Provides Group Earnings Guidance for the Six Months Ended June 30, 2023 SouthGobi Resources Ltd. provides group earnings guidance for the six months ended June 30, 2023. For the period, the company is expected that the Company would record a net loss between USD 33.0 million and USD 38.0 million as compared to a net loss of USD 17.8 million for the six months ended June 30, 2022. The expected net loss is primarily attributable to the provision of a tax penalty of USD 75.0 million which is expected to be recorded in the condensed consolidated interim financial statements for the six months ended June 30, 2023. Ankündigung • Jun 24
SouthGobi Resources Ltd. Announces management Changes SouthGobi Resources Ltd. announced that the Company's CEO, Mr. Ruibin Xu was elected as an executive Director and appointed as Chair of the HESS Committee and a member of the Operations Committee immediately upon conclusion of the Meeting. Mr. Ruibin Xu, aged 52, has over 15 years' of experience in the energy and coal logistics industry, as well as financial investment. Mr. Xu served as a director and board secretary of Inner Mongolia Dajiang Runye Industrial Group Co. Ltd. from 2021 to 2023, where he was responsible for development strategy, energy investment, and capital operation affairs of the Dajiang Group. He also held the position of general manager in a subsidiary of Dajiang Group between 2018 and 2021. Before joining Dajiang Group, Mr. Xu served as the deputy general manager and board secretary of Inner Mongolia Zheng Tang Co. Ltd. from 2016 to 2018. Prior to that, he held the position of director in an investment company located in Inner Mongolia, China and worked for several companies in the financial investment industry. Mr. Xu has extensive experience in corporate governance, corporate financing and enterprise management. Mr. Xu graduated from Inner Mongolia Radio and TV University in 2000 with a major in Computer Application (Financial Management). He obtained his Master's degree in Business Administration from Inner Mongolia University in 2007. In 2010, Mr. Xu obtained the qualification as a lawyer and an intermediate economist in China. In 2015, he completed an EMBA program at Inner Mongolia University. Mr. Dong Wang was not nominated for re-election at the Meeting. Following the Meeting, Mr. Wang ceased to be a non-executive Director, the Chair of the HESS Committee and a member of the Operations Committee. The Company hereby announces that Mr. Dalanguerban, the President of the Company, retired from his position with effect from June 21, 2023 (Hong Kong time). Mr. Dalanguerban has confirmed that he has no disagreement with the Board or the senior management of the Company, and that there are no matters relating to his resignation that need to be brought to the attention of the Shareholders and the Hong Kong Stock Exchange. The Board expressed its great gratitude to Mr. Dalanguerban for his leadership, guidance and commitment to the Company since his appointment in 2020. Ankündigung • May 18
Southgobi Resources Ltd. Appoints Zaixiang Wen as Non-Executive Director SouthGobi Resources Ltd. announced that Mr. Zaixiang Wen has been appointed as a non-executive Director of the Company, with effect from May 17, 2023. Mr. Zaixiang Wen, aged 47, has over 20 years' of experience in corporate management and financial management. He possesses a comprehensive understanding of the coal industry and the capital market. He has been the Vice President of Mengfa Energy Holdings Group ("Mengfa Group") since January 2018, where he is responsible for overseeing the group's strategic development, capital operations, investment and financing, public affairs relations, and real estate development. Mr. Wen joined the Mengfa Group in 2002 and has held various leadership positions within the subsidiaries of Mengfa Group. Prior to joining Mengfa Group, he worked as an accounting and finance professional in various energy resources companies. Mr. Wen obtained a diploma in accounting from Inner Mongolia Yike Zhao League School of Finance and Economics in 1996. He completed a certificate in financial management at the Central University of Finance and Economics in 2018. Ankündigung • May 10
SouthGobi Announces Resignation of Gang Li as Non-Executive Director SouthGobi Resources Ltd. has tendered his resignation as a non-executive director of the Company with effect from May 8, 2023 due to other personal commitments. Mr. Li confirmed that he has no disagreement with the board of the Company (the "Board") or the senior management of the Company, and there is no matter relating to his resignation as a non-executive director that needs to be brought to the attention of the Company's shareholders. Ankündigung • Feb 18
SouthGobi Resources Ltd. Announces Re-Designation of Chen Shen from Non-Executive Director to an Executive Director SouthGobi Resources Ltd. announced that Mr. Chen Shen has been re-designated from a non-executive Director to an executive Director with effective from February 17, 2023. Mr. Chen Shen, aged 34, was appointed as a non-executive Director of the Company in December 2022 and has been re-designated as an executive Director and appointed as the head of the Company's legal department with effective from February 17, 2023. Mr. Shen has a professional legal background and experience in the energy industry. Mr. Shen served as the executive director and supervisor of Zhonghong Energy (Inner Mongolia) Co. Ltd. from April 2021 to February 2023, and was responsible for overseeing investments in traditional energy and new energy fields in the Northwest districts in China. From October 2020 to January 2022, Mr. Shen served as a supervisor of Zhonghong Zhengyi Energy Holding (Inner Mongolia) Co. Ltd. Prior to joining the Zhonghong Group, Mr. Shen worked as an attorney in Tahota Law Firm from 2015 to 2020 in China. Mr. Shen obtained his Bachelor of Law degree from Southwest University of Political Science and Law in 2011 and his Master of Law degree from Guizhou University in 2014 in China. He is a member of the Canadian Institute of Directors. Mr. Shen was nominated by JD Zhixing Fund L.P. for appointment as a non-executive Director with effect from December 6, 2022, pursuant to the contractual director nomination right granted in favor of JDZF in connection with the securityholders agreement entered into among the Company, JDZF and a former shareholder of the Company, and certain deferral agreements entered into among JDZF, the Company and its certain subsidiaries relating to the Company's USD 250 million convertible debenture held by JDZF, and re-designated to an executive Director with effect from February 17, 2023.