EASTPLATS ANNOUNCES VOTING RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Cision Canada

18-06-2025

VANCOUVER, BC, June 18, 2025 /CNW/ - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) (" Eastplats" or the " Company") announces the voting results of the Company's 2025 Annual General and Special Meeting of Shareholders held on June 17, 2025 (the " Meeting"). A total of 122,533,921 common shares were voted at the Meeting, representing 60.51% of the votes attached to all the outstanding common shares of the Company.
Detailed results of the vote held at the Meeting are set out below:
Business
Outcome of
Vote
Votes For
Votes
Against
Votes
Withheld
1.
To set the number of Directors
at 5
Approved
122,379,825
(99.87 %)
154,096
(0.13 %)
2.
Resolution electing:
(a) Dr. Bielin Shi;
Approved
10,654,809
(8.82%)
110,153,359
(91.18%)
(b) Xin (Alex) Guan;
Approved
120,579,533
(99.81%)
228,635
(0.19%)
(c) Changyu (Charlie) Liu;
Approved
120,573,767
(99.81%)
234,401
(0.19%)
(d) Lisa Ng; and
Approved
120,584,083
(99.82%)
224,085
(0.18%)
(e) Eason Cong Chen
Approved
120,573,667
(99.81%)
234,501
(0.19%)
as directors of the Company.
3.
Resolution appointing
Davidson & Company LLP, as
auditors of the Company for
the ensuing year and
authorizing the directors of the
Company to fix their
remuneration.
Approved
122,360,473
(99.86%)
173,447
(0.14%)
4.
Resolution approving the
unallocated options, rights and
other entitlements issuable
under the Company's Stock
Option Plan for a further three
years.
Approved
120,155,919
(99.46%)
652,249
(0.54%)
Based on the voting results, all of the nominees proposed as directors and listed in the management information circular dated May 6, 2025 (the " Circular") were elected as directors of Eastplats at the Meeting in accordance with applicable corporate law.
However, one director, Dr. Bielin Shi, had more votes withheld than were voted in their favour of their appointments to the Board. As a result, in accordance with the Company's Majority Voting Policy (the " Policy"), Dr. Shi has tendered his resignation from the Board of Directors of the Company (the " Board"), effective upon acceptance by the Board. The Board will refer such resignations to the Corporate Governance and Compensation Committee (the " Committee") for consideration on whether or not to accept the resignations submitted by Dr. Shi. In accordance with the Policy, the Board shall accept such resignation unless the Committee determines that there are exceptional circumstances relating to the composition of the Board or the voting results that should delay the acceptance of such resignation or justify rejecting such resignation. The Board will issue a news release with its decision.
At the Meeting, the unallocated options, rights or other entitlements issuable under Eastplats' Stock Option Plan have been authorized for three further years and Davidson & Company LLP was also re-appointed as auditors of Eastplats.
SOURCE Eastern Platinum Ltd.