SouthGobi” or the “ Company”) announces that reference is made to the announcements of the Company dated September 13, 2020, November 16, 2020, December 8, 2020, December 17, 2020, January 8, 2021 and February 8, 2021 (the “ Announcements”). Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcements. The Company is pleased to announce that the Company has fulfilled all the conditions stated in the Resumption Guidance to the satisfaction of the Hong Kong Stock Exchange. Trading in the common shares of the Company on the Hong Kong Stock Exchange will be resumed at 9:00 a.m. on Wednesday, February 10, 2021. RESUMPTION GUIDANCE Trading in the common shares of the Company on the TSX and the Hong Kong Stock Exchange has been suspended since June 19, 2020 and August 17, 2020, respectively. As stated in the Announcements, the Hong Kong Stock Exchange has set out the following conditions in its Resumption Guidance for the Company as below: