Silvercorp Reports 2020 AGM Results

Rhea-AI Summary

On September 25, 2020, Silvercorp Metals reported that all proposals submitted at its annual general meeting (AGM) were approved by shareholders. A total of 117,352,526 common shares were represented, equating to 67.27% of outstanding shares. Key voting results for the election of directors included Dr. Rui Feng receiving 99.38% approval and Marina Katusa 98.75%. Additionally, Deloitte LLP was re-appointed as the Company’s auditors for the upcoming year. Silvercorp continues its focus on profitable silver, lead, and zinc production in China, aiming to deliver strong shareholder returns.

Positive

• All proposals at the AGM were approved with significant shareholder participation (67.27%).
• Dr. Rui Feng and other directors received overwhelming support (over 90% approval).
• Deloitte LLP was re-appointed as auditors, indicating shareholder confidence in financial oversight.

Negative

• None.

VANCOUVER, British Columbia, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) is pleased to report that all matters submitted to shareholders for approval as set out in the Company’s Notice of Meeting and Information Circular, both dated August 14, 2020, were approved by the requisite majority of votes cast at Silvercorp’s annual general meeting (“AGM”) held on Friday, September 25, 2020. A total of 117,352,526 common shares, representing 67.27% of the votes attached to all outstanding shares as at the record date for the meeting, were represented at the AGM. The details of the voting results for the election of directors are set out below:

	Votes For			Withheld
Director	Number	Percentage		Number	Percentage
Dr. Rui Feng	72,994,628	99.38	%	455,958	0.62	%
S. Paul Simpson	69,183,617	94.19	%	4,266,969	5.81	%
David Kong	66,658,337	90.75	%	6,792,249	9.25	%
Yikang Liu	72,727,754	99.02	%	722,832	0.98	%
Marina Katusa	72,532,772	98.75	%	917,814	1.25	%

Shareholders also approved the re-appointment of Deloitte LLP as auditors of the Company for the ensuing year. Final results for all matters voted on at the AGM will be filed on SEDAR at www.sedar.com and on the Company's website.

About Silvercorp

Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The Company’s goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employees’ wellbeing, and sustainable development. For more information, please visit our website at www.silvercorp.ca.

For further information
Silvercorp Metals Inc.
Lon Shaver
Vice President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorp.ca

FAQ

What happened at Silvercorp Metals' AGM on September 25, 2020?

At Silvercorp Metals' AGM, all proposals were approved, including the election of directors and the re-appointment of Deloitte LLP as auditors.

What percentage of votes were needed for approval at the Silvercorp AGM?

A total of 67.27% of the votes attached to outstanding shares were represented at the AGM.

Who received the highest approval percentage at Silvercorp's director election?

Dr. Rui Feng received 99.38% approval during the director election at the AGM.

What is the stock symbol for Silvercorp Metals?

The stock symbol for Silvercorp Metals is SVM.