Mongolia Growth Group Announces Voting Results of Its Annual and Special Meeting of Shareholders

Executive Summary

• shareholders approved election of five directors and appointment of auditors for the coming year.
• overwhelming approval (≈99%) was given to sell the Company’s KEDM business and its Puerto Rico office property, with closings expected around Oct 31 2025.
• upon completion of the sales, Mongolia Growth Group intends to move its common‑share listing to the TSXV NEX Board.

Key Details

• Voting Participation: 14,550,463 shares voted (57.15% of issued & outstanding).
• Director Elections: Harris Kupperman, Nick Cousyn, Jim Dwyer, Brad Farquhar and Robert Scott elected to a five‑member board for the ensuing year.
• Auditor Appointment: Davidson & Company LLP appointed as auditors for the ensuing year; remuneration to be set by the board.
• Asset Sale Approvals:
• KEDM Business: Approved by shareholders (99.1% in favor) for sale to an arm‑length purchaser.
• Puerto Rico Office Property: Approved by shareholders (99.1% in favor; 98.1% after excluding non‑arm‑length votes) for sale to Lemontree LLC, owned by CEO Harris Kupperman.
• Closing Timeline: Both transactions expected to close on or about October 31 2025.
• Post‑Closing Plan: Company expects its common‑share listing to be transferred to the NEX Board of the TSXV; further details will be provided upon transaction closings.

Notable Quotes

(No direct quotes were included in the release.)