Core Viewpoint - The company is facing uncertainty regarding the interpretation and application of Mongolia's mineral resource laws, particularly concerning ownership restrictions for companies holding strategically significant mineral deposits [1][2]. Group 1: Legal and Regulatory Context - The company's mining licenses in Mongolia have been designated by the government as containing strategically significant minerals, which imposes specific ownership regulations under Mongolian mineral resource law [1]. - According to the legal advice received, any entity holding a special license for strategically significant minerals cannot have a single shareholder (or a group of concerted actors) owning more than 34% of the issued shares [2]. - The company has not identified any judicial precedents in Mongolia that clarify how these ownership restrictions apply to publicly listed companies, leading to ambiguity in compliance [2]. 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 [3]. Group 3: Future Actions and Considerations - The company will monitor developments regarding changes in the scope of strategically significant mineral deposits and will seek to protect its legal rights and interests in these resources [4].
南戈壁：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