Silvercorp Metals Refines Shareholder Voting Rules Ahead of Meeting

The company announced the change to Article 16, which governs how shareholders nominate individuals for the Board of Directors. Under the updated proposal, Silvercorp will no longer request information beyond what is explicitly enumerated in the article’s fourth paragraph, effectively limiting the company's discretion in assessing the independence of potential nominees. This pivot follows earlier proposals that would have allowed for broader information requests during the nomination process.

Management has extended the proxy voting deadline to September 30, 2026, at 4:00 p.m. Pacific time to accommodate the revision. Shareholders who have already cast their votes retain the option to submit a new proxy form before the deadline, which will supersede any previous instructions. The Board of Directors maintains its recommendation for shareholders to vote in favor of the Amended Articles Resolution, which also provides a framework for a potential listing on the Hong Kong Stock Exchange.

To manage the logistics of this vote, the company has retained Laurel Hill Advisory Group, paying a $30,000 fee for proxy solicitation and shareholder engagement services. Detailed documentation regarding the redlined amendments is currently available on the SEDAR+ platform under the company's profile.