Gobi JSC successfully held its 2023 Annual General Meeting of Shareholders

2023-04-21

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On April 20, 2023, at 10:00 a.m., the shareholders of Gobi JSC convened for their regular meeting, which marked the successful hosting of the 2023 Annual General Meeting.

Meeting Attendance:

A total of 829 shareholders participated in the meeting, representing 284,381,205 voting rights (36.45%), while 68 shareholders accounted for 406,030,659 voting rights (52.05%). In total, there were 897 shareholders with a cumulative voting right of 690,411,864.

Agenda Items:

During the meeting, the following agenda items were presented:

1. Gobi JSC's 2022 Activity and Financial Results Report

2. Resolution of the Board of Directors regarding the non-distribution of dividends from the 2022 financial results

3. Conclusions issued by the Board of Directors on the company's 2022 operations and financial statements

4. 2021 work report of the Board of Directors

5. Proposal for updating the salary of the members of the Board of Directors

6. Board salary budget for 2023

7. Introduction of candidates for the Board of Directors

Meeting resolutions:

Following discussions, shareholders cast their votes through a ballot, leading to the following resolutions:

1. With 99.99% consensus, the Board of Directors confirmed that the management team of Gobi JSC had fully utilized their resources to achieve the goals set for 2022.

2. The proposal to re-determine the salary of the members of the Board of Directors was approved with 99.98% of the votes.

3. The Board of Directors' salary budget for 2023 was approved with 99.99% of the votes.

4. The following nine individuals were appointed to the Board of Directors for a three-year term:

   Independent members:

   - Damba GERELMAA

   - Altangerel JARGALMAA

   - Takeshi KAMBE

   - Dambiijav KHURELBAATAR

 

   Regular members:

   - Tsagaach BAATARSAIKHAN

   - Hideo SAWADA

   - Dashdavaa HULAN

   - Baatarsaikhan AMARSAIHAN

   - Tsogtgerel ORGILBOLD

Resolutions of the Meeting:

For detailed information regarding the resolution of the Annual General Meeting, please click here.

We extend our heartfelt gratitude to all shareholders for their active participation in the Annual General Meeting.