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Silvercorp Metals Inc. Adjustments to Meeting Proposal and Postponement

Silvercorp Metals Inc. has recently announced significant amendments to its upcoming meeting proposal, resulting in a postponed Annual General and Special Meeting originally scheduled for September 25, 2026. The new date for the meeting will be October 2, 2026, at 10:00 a.m. (Pacific time). This decision was made by the company's Board of Directors to provide shareholders with ample time to review the proposed amendments.

Proposed Governance Amendments Overview

As outlined in the company’s management information circular dated August 12, 2026, the Board is seeking shareholder approval for specific amendments to the company’s Articles aimed at aligning with the listing regulations of The Stock Exchange of Hong Kong. Importantly, these amendments will be enacted only if the Board opts to move forward with a planned listing of the company’s common shares on this exchange.

The adjustments have been influenced by feedback from shareholders and proxy advisors, focusing on enhancing corporate governance practices. The proposed changes aim to strengthen governance while allowing the Board to maintain sufficient flexibility in managing the company's affairs. Among these, the quorum requirements for both shareholder and director meetings will see alterations.

Amendment Highlights

1. Quorum Requirements:
- Shareholder Meetings: The existing quorum of 5% of the issued shares entitled to vote will be raised to 25%.
- Director Meetings: The amended article will mandate that at least half of the directors must be present for business to be conducted.

2. Alternate Directors Clause:
- The proposal includes the removal of provisions allowing directors to appoint alternates.

3. Advance Notice Provisions:
- Changes to Article 16 will give shareholders greater leeway in nominating candidates for the Board by eliminating the previously imposed 65-day advance notice requirement and clarifying the nomination process in case of meeting postponements.

These amendments embody the company’s commitment to progressive governance while catering to the dynamic needs of its stakeholders. The proposed resolutions emphasize a balance between corporate responsibility and operational agility.

Voting Process Reminders

Silvercorp emphasizes the importance of vote participation among its shareholders, regardless of share ownership size. The deadline for submitting proxy votes has been extended to September 30, 2026, by 10:00 a.m. (Pacific time). Shareholders wishing to change their previous votes may do so by submitting new proxies before the established deadline.

Shareholder engagement will be supported by Laurel Hill Advisory Group, which will help facilitate the voting process. Shareholders with questions are encouraged to reach out via the provided contact methods for assistance.

About Silvercorp Metals Inc.

Based in Canada, Silvercorp is recognized for its consistent profitable production of silver, gold, lead, and zinc. The company remains dedicated to enhancing shareholder value through strategies centered on delivering organic growth from mining assets, strengthening cash flow, and maintaining a focus on environmental, social, and governance (ESG) standards. For further insights, shareholders and interested parties are invited to visit Silvercorp's website.

In summary, these amendments and the postponement of the meeting reflect Silvercorp’s commitment to corporate governance and transparency, offering shareholders a platform to engage meaningfully in the decision-making process that impacts their investments.