Mongolia Growth Group Announces Plan to Return Capital to Shareholders

About this update from Mongolia Growth Group Ltd.

Mongolia Growth Group Announces Plan to Return Capital to ShareholdersTORONTO, ON / ACCESS Newswire / August 5, 2025 / Mongolia Growth Group Ltd. (TSX-V:YAK, "MGG" or the "Company") announces that following a strategic review of its operations and capital structure, the Board of Directors has determined to consider various structures so that substantially all of the net assets of the company are returned to shareholders. A new letter to shareholders from Chairman and CEO of MGG, Harris Kupperman, providing additional context on the Company's decision and next steps, has been posted on the Company's website at www.mongoliagrowthgroup.com.The Company intends to engage tax and legal counsel to best assess the method of effecting the return to shareholders.The total amount returned to shareholders is subject to final asset sales, severances, tax reserves, regulatory clearances and any other expenses and may be completed in one or more steps.As of June 30, 2025, the Company holds the following assets:Approximately CAD $31.0 million - $33.0 million in cash, marketable securities and net working capitalA furnished commercial office property in Puerto Rico, with a cost basis excluding depreciation of approximately CAD $2.0 millionFull ownership of KEDM, an event-driven data subscription businessA portfolio of Russian securities, carried at a zero value due to ongoing sanctionsThe Company is actively seeking buyers for its Puerto Rican real estate, KEDM, and, if feasible, its Russian securities. Parties interested in acquiring these assets are invited to submit non-binding offers, with the goal of achieving the maximum proceeds for shareholders.In connection with the sale of the Puerto Rican property, Harris Kupperman, Chairman and CEO, has indicated his interest in acquiring the asset at a premium to the higher of the Company's cost basis or the result of an independent third-party property valuation, which is currently in progress. Any related-party transaction will be reviewed by the independent board members and will be subject to minority shareholder approval in accordance with TSXV Policy 5.9 and Multilateral Instrument 61-101, unless an exemption is available.The Company is also in discussions with a third party regarding a potential sale of KEDM and will continue to entertain competing offers for all assets.In light of the proposed strategic plan, the Comp...

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