Core Viewpoint - The company is facing uncertainty regarding the interpretation and application of Mongolia's mineral resource laws, particularly concerning ownership restrictions for strategic mineral deposits [1][2]. Group 1: Ownership Restrictions - The company's legal advisors have indicated that any entity holding a special license for strategically significant minerals cannot have more than 34% of its issued shares held by a single shareholder or a group of shareholders with unified interests [1][2]. - If the ownership restriction is violated, the Mongolian government has the authority to appoint a representative to take over the management of the entity to ensure compliance with the law [1]. Group 2: Current Shareholding Structure - As of the announcement date, the company's largest single shareholder holds approximately 28.87% of the issued shares, with no shareholder exceeding the 34% threshold [3]. - The company’s wholly-owned subsidiary, Southgobi Sands LLC (SGS), has received an invitation from a government representative to discuss ownership rights related to its mining licenses in Mongolia [3]. Group 3: Ongoing Discussions and Future Actions - The company is engaged in ongoing discussions with the Mongolian government to reach a mutual understanding regarding ownership rights [3]. - The company will continue to monitor developments related to the scope of strategically significant mineral deposits and seek to protect its legal rights and interests [4].
南戈壁(01878)：SGS继续与蒙古政府全权代表进行讨论 双方将尽力以诚信态度达成相互理解且具建设性的谅解及协议