March 2023 - Privatization & Delisting

The Company completed its privatization by way of share consolidation and purchase on March 6, 2023. On March 9, 2023, the common shares of the Company were delisted from the TSX Venture Exchange.

July 2022 - Disposal of the Gold Project

The Company sold its 100% indirect equity interest in a wholly-owned subsidiary, which owns the 70% indirect equity interest in the company holding the mining licence of the Sawayaerdun Gold Project, to a subsidiary of a Hong Kong listed mining company. The registration of equity transfer with the local authority for the disposal was completed on July 25, 2022 and the Company received the final payment on December 9, 2022.

September 2017 - Change of Business

The Company changed its business from a “mining issuer” to an “investment issuer”, and has received the shareholder approval at the annual general and special meeting held on September 5, 2017 and the final approval from TSX Venture Exchange. Under the new strategy, the Company will utilize its strong working capital position, its extensive industry contacts and internal expertise to build a portfolio of high-quality investments.

August 2016 - Disposal of 113,000,000 Shares in Loco HK

The Group disposed of 113,000,000 shares of Loco Hong Kong Holdings Limited ("Loco HK") to third parties for gross proceeds of USD10.62 million. In view of the market price of Loco HK shares and the economic conditions, the Group believed that it was good timing and value for GobiMin to realize part of its investment in Loco HK. GobiMin can increase the flexibility to invest in more potential assets or projects in future and strengthen its financial resources. Immediately after the disposal, GobiMin remained having a 10% equity interest in Loco HK.

September 2015 - Disposal of 40,000,000 Shares in Loco HK

The Group disposed of 40,000,000 shares, being part of its shareholding, of Loco HK to third parties and received gross proceeds of USD4.74 million. The carrying cost of the disposed interest was USD1.6 million. The Group recognized a gain of USD3.5 million after deducting the related expense of USD0.1 million. GobiMin retained a 38.30% equity interest in Lock HK subsequent to the disposition.

August 2014 - Listing of Shares of Loco Hong Kong Holdings Limited

The shares of Loco Hong Kong Holdings Limited (“Loco HK”) was successfully listed on GEM of The Stock Exchange of Hong Kong Limited under the stock code of “8162”. GobiMin then held an equity interest of 48.02% in Lock HK. Lock HK and its subsidiaries are principally engaged in trading of metals and commodity forward contracts in Hong Kong.

December 2012 & June 2014 - Disposal of 32% Interest in Yanxi Copper Property

In June 2010, GobiMin contractually arranged for the transfer of 80% equity interest in Yanxi Copper Property (“Property”), of which 32% was held by GobiMin and 48% was held by two local partners. The total consideration of USD44.1 million comprised (i) USD33.3 million (HK$259,000,000) for the Property and (ii) USD10.8 million (HK$84,160,440) for an area adjacent to the Property (the “New Area”).

In December 2012, GobiMin received a total amount of USD38.7 million (HK$301,080,220), comprising USD10.4 million (HK$81,080,220) in cash and USD28.3 million (HK$220,000,000) convertible bonds. In December 2013, GobiMin received the cash payment in full settlement of the convertible bonds. In June 2014, the mining licence of the New Area was obtained and GobiMin received the balance payment in cash of US$5.4 million (HK$42,080,220).

After deducting the cost of investments, amount payable to the two local partners, mining licence fee and related expenses, GobiMin recorded a gain on disposal of the Property of USD8.2 million in December 2012 and a gain for the New Area of US$3.9 million in June 2014.

September 2011 - Disposal of 24.29% Interest in Balikun Coal Project

GobiMin disposed of its 24.29% interest in Balikun Coal Project for a total consideration of approximately USD31.76 million including the repayment to GobiMin and an existing shareholder of the loans and related interest to the project. GobiMin recorded a gain of approximately USD8.83 million on the disposal.

July 2010 - Disposal of 32% Interest in Yanxi Copper Property

In 2010, GobiMin contractually arranged for the transfer of the legal title of 32% of its equity interest in Yanxi Copper Property in Xinjiang, China. The transaction was completed in July 2010 and GobiMin had received all the cash consideration and the first lot of the convertible bonds. Immediately after the transfer, GobiMin retained an 8% indirect unlisted equity interest in Yanxi Copper Property.

February 2009 - Disposal of Three Operating Nickel-copper Properties

GobiMin disposed of all its equity interest in three nickel copper properties, namely Yellow Maintain East, Xiangshan and Yellow Mountain, in Xinjiang for total sale proceeds of approximately CAD87.9 million. GobiMin recorded a disposal gain of approximately USD31.4 million.