Mr. Sandy Chim reports

CENTURY ANNOUNCES RESULTS OF 2023 SHAREHOLDER MEETING

Century Global Commodities Corp. has released the results of the 2023 annual general meeting of shareholders that was held on Sept. 20, 2023, in Hong Kong, China.

As in prior years, a very high shareholder response was achieved, with 86.203 per cent 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;
• Reappointed PricewaterhouseCoopers LLP as the company's auditor for the upcoming year;
• Reapproved the company's equity incentive plan and all unallocated awards thereunder, as required every three years by the Toronto Stock Exchange.

Number of directors

The number of directors of the company for the ensuing year was confirmed as and set at nine. The voting results on this matter are provided in an attached table.

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 alternative directors 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 provided in an attached table.

Reappointment of auditor

At the meeting, the company's shareholders reappointed PricewaterhouseCoopers LLP as auditor of the company for the 2023/2024 financial year. The voting results on this matter are provided in an attached table.

Reapproval of the equity incentive plan

At the meeting, the company's shareholders also reapproved the company's equity incentive plan and adopted the resolutions set out on page 37 of the company's management information circular dated Aug. 11, 2023, making the plan available for grants of equity-based incentive compensation for the next three years. The voting results on this matter are provided in an attached table.

About Century Global Commodities Corp.

Century Global Commodities is primarily a resource exploration and development company with a large portfolio of multibillion-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.

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