SouthGobi Resources Ltd. filed its Monthly Return for April 2026 with the Hong Kong Stock Exchange on 6 May 2026, confirming that no new ordinary shares were issued and no treasury shares were held or transferred during the month.

Issued Share Capital and Public Float • Ordinary shares in issue stood unchanged at 296.93 million. • The company held zero treasury shares and affirmed compliance with the minimum 25% public-float requirement.

Equity Incentive Plan • Outstanding share options under the 21 July 2022 Equity Incentive Plan totalled 0.73 million, unchanged month-on-month. • These options represent potential dilution of roughly 0.24% of the current share base if fully exercised. No option exercises or cash proceeds were reported for the month.

Convertible Debentures with JD Zhixing Fund L.P. 1. Principal Debenture: USD 250.00 million, convertible at USD 6.52 per share, equivalent to 38.36 million shares. 2. Accrued-Interest Debenture: USD 33.10 million, convertible at USD 0.2657 per share, equivalent to 124.59 million shares.

Combined, the two instruments could add up to 162.95 million new shares, implying potential dilution of approximately 54.87% relative to current issued share capital, assuming full conversion. No conversions occurred in April.

Other Capital Instruments • The issuer reported no outstanding warrants, Hong Kong depository receipts, or additional agreements to issue shares. • There were no other share repurchases, cancellations, or redemptions.

Regulatory Compliance The company confirmed that all share-related authorisations and regulatory obligations—including those under Hong Kong’s Listing Rules—were satisfied as of 30 April 2026.