Dragon Mining Limited will ask shareholders to vote on several key resolutions at its annual general meeting scheduled for 21 May 2026 (10:00 a.m., Novotel Century Hong Kong).
Key proposals 1. Board changes • Executive Director and CEO Brett Robert Smith (age 64) and Independent Non-Executive Director Pak Wai Keung Martin (age 62) offer themselves for re-election. • Independent Non-Executive Director Carlisle Caldow Procter will retire and not seek re-election.
2. General share mandates • Issue mandate: Directors may allot and issue up to 20% of the company’s share capital in issue on the date of approval, equal to a maximum of 37.94 million shares (based on 189.72 million shares outstanding as of 23 March 2026). • Share buy-back mandate: Authority to repurchase up to 10% of issued shares, representing 18.97 million shares. Repurchased shares will be cancelled. • Extension mandate: The issue mandate may be increased by the number of shares actually bought back under the new buy-back mandate.
3. Shareholder reference points • Major shareholder APAC Resources Limited currently holds 51.98 million shares, or 27.39% of issued capital. If the buy-back mandate is exercised in full and no new shares are issued, APAC’s stake could rise to 30.44%, potentially triggering a mandatory general offer under Hong Kong’s Takeovers Code. • The board states it has no present intention to issue new shares or repurchase shares under the proposed mandates.
Administrative details • Shareholders must lodge proxy forms by 10:00 a.m. on 19 May 2026 (Hong Kong time). • The register of members will be closed from 18 May to 21 May 2026 (both dates inclusive) for AGM attendance and voting eligibility. • The meeting will vote by poll on all resolutions, with results to be published on the Hong Kong Stock Exchange website.
Remuneration snapshots • Brett Robert Smith: annual salary AU$0.36 million plus discretionary bonus. • Pak Wai Keung Martin: annual remuneration AU$0.03 million.
Auditor re-appointment Shareholders will also vote on re-appointing Ernst & Young as auditor and authorising the board to fix its remuneration.