CHINA BLUE CHEMICA : RESULTS OF EXTRAORDINARY GENERAL&nb...
07/28/2011| 07:45am US/Eastern
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(a joint stock limited company incorporated in the People’s Republic of China with limited liability)
(Stock Code: 3983)
RESULTS OF EXTRAORDINARY GENERAL MEETING HELD ON 28 JULY 2011
APPOINTMENT OF DIRECTOR
The Board is pleased to announce that the proposed resolution regarding the appointment of Mr. Li Hui (‘‘Mr. Li’’) as a non-executive Director has been duly passed by the Shareholders at the EGM held on 28 July 2011.
RESULTS OF EGM
Reference is made to the circular dated 13 June 2011 (the ‘‘Circular’’) of China BlueChemical Ltd. (the ‘‘Company’’) and the notice of EGM of the Company dated 13 June 2011. Unless otherwise stated, terms used in this announcement shall have the same meanings as defined in the Circular.
The Company held its EGM on Thursday, 28 July 2011 at 10 : 00 a.m. at Longyun Hotel, No.
10 East Jiefang Road, Gongnong District, Hegang, Heilongjiang Province, the PRC. As at the date of the EGM, the total number of issued Shares was 4,610,000,000 Shares. The Shareholders in attendance either in person or by proxy at the EGM represented a total of
3,761,925,525 Shares, or 81.60% of the total number of Shares entitling the holders to attend
and vote for or against the resolution of the EGM. Shareholders of H Shares who represented
922,925,525 H Shares appointed Mr. Yang Yexin, the chairman of the EGM, to vote at the EGM on their behalf. As at the date of the EGM, the number of Shares entitling the holders to attend and vote for or against the resolution at the EGM totalled 4,610,000,000 Shares. There are no Shares of the Company entitling the holders to attend and vote only against the resolution at the EGM.
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Mr. Yang Yexin, the executive Director, presided over the EGM. Computershare Hong Kong Investor Services Limited, the H shares registrar of the Company, authorised Jun He Law Offices as the scrutineer responsible for vote-taking. The Shareholders in attendance either in person or by proxy considered and voted by poll to approve the following resolution:
Ordinary Resolution No. of votes (approximate %)
To consider and approve the appointment of Mr. Li Hui as a non-executive director of the Company, to authorise any executive director of the Company to sign a service contract with Mr. Li Hui for and on behalf of the Company, and to authorise the board of directors of the Company (the ‘‘Board’’) to determine his remuneration based on the recommendation by the remuneration committee of the Board.
# based on the total number of votes casted on the resolution
As sufficient votes present at the EGM either in person or by proxy were cast in favour of the resolution, the above resolution was duly passed.
APPOINTMENT OF DIRECTOR
The Board is pleased to announce that Mr. Li Hui has been appointed as the non-executive Director with effect from 28 July 2011 and his term of office shall last until a new session of Directors are approved by the Shareholders at the 2011 annual general meeting of the Company.
Except as disclosed in the Circular, Mr. Li, (i) is not related to any Directors, supervisors, senior management or substantial or controlling shareholders of the Company; (ii) is not interested in any Shares within the meaning of Part XV of the SFO; and (iii) did not hold any other position with the Company or other members of the Group, nor any directorships with any other listed public companies in the past three years.
As soon as the remuneration of Mr. Li as the non-executive Director is determined by the Board based on recommendation by the remuneration committee of the Board, the Company will make an announcement accordingly.
Except as disclosed in the Circular, Mr. Li has confirmed that there are no matters that need to be brought to the attention of the Shareholders, and there is no other information in relation to the appointment of Mr. Li as Director that is required to be disclosed pursuant to Rule
13.51(2)(h) to (v) of the Listing Rules.
By order of the Board
China BlueChemical Ltd.* Quan Changsheng
Hegang, Heilongjiang Province, the PRC
28 July 2011
As at the date of this announcement, the executive Directors are Mr. Yang Yexin, Mr. Fang Yong and Mr. Chen Kai, the non-executive Directors are Mr. Wu Mengfei and Mr. Li Hui, and the independent non-executive Directors are Mr. Zhang Xinzhi, Mr. Tsui Yiu Wa, Alec and Mr. Gu Zongqin.
* For identification purpose only.
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