Mr. Ruibin Xu reports

SOUTHGOBI ANNOUNCES UPDATE ON UPCOMING SPECIAL MEETING OF SHAREHOLDERS AND POSTPONEMENT OF THE RECORD DATE

SouthGobi Resources Ltd. has provided an update of its previously announced special meeting of shareholders originally scheduled on Thursday, Aug. 27, 2026, in Vancouver, B.C. (that is, Friday, Aug. 28, 2026, in Hong Kong). Reference is made to the announcements of the company dated June 12, 2026, July 8, 2026, and July 31, 2026, in relation to the meeting. Unless otherwise specified, terms used in this announcement shall have the same meanings as defined in the announcements.

As additional time is required to finalize the management proxy circular and related materials for the meeting with respect to the disclosure relating to the March, 2026, deferral agreement, and to obtain the acceptance from the TSX Venture Exchange on the aforementioned meeting materials, the company has decided to further postpone the meeting and the record date.

As a consequence of the above, the parties to the March, 2026, deferral agreement have agreed that the requisite shareholder approval of the March, 2026, deferral agreement shall be extended to Dec. 31, 2026.

The company will make a further announcement regarding the rescheduled date of the meeting and the record date as and when appropriate.

About SouthGobi Resources Ltd.

SouthGobi, listed on the Hong Kong Stock Exchange and the TSX Venture Exchange, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining licences of its other metallurgical and thermal coal deposits in South Gobi region of Mongolia. SouthGobi produces and sells coal to customers in China.