SouthGobi Subsidiary Southgobi Sands Accepts US$ 7.1 Million Mongolian Tax Penalty

• SouthGobi Resources’ wholly owned Mongolian subsidiary Southgobi Sands faces a tax penalty of approximately US$7.1 million.
• The Mongolian Tax Administration issued the notice on October 23, 2026, following an audit covering 2022–2023.
• Management accepted the findings following consultation with an independent tax adviser and will not appeal or file an administrative complaint.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SouthGobi Resources Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261106-12403586), on November 06, 2026, and is solely responsible for the information contained therein.