Silvercorp Reports 2021 AGM Results

Rhea-AI Summary

Silvercorp Metals Inc. (TSX: SVM, NYSE AMERICAN: SVM) announced the results of its annual general meeting (AGM) held on September 24, 2021. A total of 98,998,647 common shares were represented, accounting for 56.20% of the votes. All matters, including the election of directors and the re-appointment of Deloitte LLP as auditors, were approved by the shareholders. Dr. Rui Feng received a 96.95% approval for re-election, and other directors also secured substantial votes in favor. Detailed voting results will be filed on SEDAR.

Positive

• Shareholders approved all resolutions at the AGM.
• High approval percentages for directors re-elected, such as 96.95% for Dr. Rui Feng.
• Re-appointment of Deloitte LLP as auditors indicates continued confidence in financial oversight.

Negative

• None.

TSX:  SVM
NYSE AMERICAN: SVM

VANCOUVER, BC, Sept. 27, 2021 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (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 13, 2021, were approved by the requisite majority of votes cast at Silvercorp's annual general meeting ("AGM") held on Friday, September 24, 2021. A total of 98,998,647 common shares, representing 56.20% 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	72,835,254	96.95%	2,294,105	3.05%
S. Paul Simpson	69,826,639	92.94%	5,302,720	7.06%
David Kong	67,974,300	90.48%	7,155,059	9.52%
Yikang Liu	73,437,660	97.75%	1,691,699	2.25%
Marina Katusa	73,402,578	97.70%	1,726,781	2.30%

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.

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SOURCE Silvercorp Metals Inc

FAQ

What were the results of Silvercorp's 2021 AGM?

At Silvercorp's 2021 AGM, all resolutions were approved, with 56.20% of votes represented.

What percentage of votes supported Dr. Rui Feng's re-election?

Dr. Rui Feng received a 96.95% approval for re-election.

Which auditor was re-appointed by Silvercorp in 2021?

Deloitte LLP was re-appointed as auditors for Silvercorp for the ensuing year.

When was Silvercorp's AGM held in 2021?

Silvercorp's AGM was held on September 24, 2021.

What is the significance of the shareholder approval at Silvercorp's AGM?

The shareholder approval indicates strong support for the company's leadership and strategic direction.