Century Announces Results of 2024 Shareholder Meeting
Press Release
Hong Kong, September 20, 2024 – Century Global Commodities Corporation (“Century” or the “Company”) is pleased to announce the results of the 2024 Annual General Meeting of shareholders that was held on September 20, 2024 in Hong Kong, China.
The Company is pleased to report that, as in prior years, a very high shareholder response was achieved, with 85.952% of Century’s outstanding shares having been voted at the meeting. At that meeting, the shareholders:
- set the size of the Board of Directors at nine members;
- elected the Board of Directors; and
- re-appointed Mao & Ying LLP as the Company’s auditors for the upcoming year.
Number of Directors
The number of directors of the Company for the ensuing year was confirmed as and set at nine (9). The voting results on this matter are as follows:
Setting the Number of Directors
| FOR | 101,600,218 | 100.000% |
| ABSTAINED | 0 | 0.000% |
* % results rounded to 0.000%.
Election of Directors
Century’s shareholders accepted management’s nominations for election to the Company’s Board of Directors with overwhelming support. All of the nominees served as directors or alternate director of the Company prior to the meeting and were re-elected as directors until the Company’s next annual meeting of shareholders. The voting results on the election of directors are as follows:
| Director | FOR | AGAINST | ABSTAINED | ||||
| Sandy Chim | 101,477,358 | 99.879% | 122,860 | 0.121% | 0 | 0.000% | |
| Dwight Ball | 101,600,218 | 100.000% | 0 | 0.000% | 0 | 0.000% | |
| Howard Bernier | 101,600,218 | 100.000% | 0 | 0.000% | 0 | 0.000% | |
| Jionghui Wang | 101,464,558 | 99.866% | 135,660 | 0.134% | 0 | 0.000% | |
| Yiyan Chen | 101,464,558 | 99.866% | 135,660 | 0.134% | 0 | 0.000% | |
| Gloria Wong | 101,600,218 | 100.000% | 0 | 0.000% | 0 | 0.000% | |
| John Gravelle | 101,600,218 | 100.000% | 0 | 0.000% | 0 | 0.000% | |
| Tak Wai (Wien) Yu | 101,600,218 | 100.000% | 0 | 0.000% | 0 | 0.000% | |
| Kangle Zhao | 101,600,218 | 100.000% | 0 | 0.000% | 0 | 0.000% | |
* % results rounded to 0.000%.
Re-appointment of Auditors
At the meeting, the Company’s shareholders re-appointed Mao & Ying LLP, Chartered Professional Accountants, as auditors of the Company for the 2024-2025 financial year. The voting results on this matter are as follows:
Re-appointment of Auditors
| FOR | 101,600,218 | 100.000% |
| ABSTAINED | 0 | 0.000% |
* % results rounded to 0.000%.
ABOUT CENTURY
Century Global Commodities Corporation (TSX:CNT) is primarily a resource exploration and development company with a large portfolio of multi-billion tonne iron ore projects in Canada, mostly discovered by its own exploration team. It has other non-ferrous metals properties under exploration as well as a well-established food distribution business (Century Food) in Hong Kong.
The Joyce Lake Direct Shipping Iron Ore Project
Joyce Lake, our most advanced project, is an open pit direct shipping iron ore project in Newfoundland and Labrador, close to the town of Schefferville, Québec which is serviced by a rail link directly to ocean shipping iron ore ports at Sept-Îles. The Project has completed an updated feasibility study in 2022 and is undergoing environmental assessment. Joyce Lake is held in a special purpose vehicle, Joyce Direct Iron Inc. (“JDI”), in which Century owns 90.7%.
Century Food
Century Food is a subsidiary of the Company operating a value-adding marketing and distribution business of quality food products sourced from such high-quality regions as Europe and Australia for the Hong Kong and Macau markets. It was created as a counter-cyclical business at the bottom of the Super Cycle in 2015 to generate profit and cash to supplement the metals business.
For further information please contact:
Sandy Chim, President & CEO
Century Global Commodities Corporation
416-977-3188
IR@centuryglobal.ca
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