COASTAL GREENLAND LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
COASTAL GREENLAND LIMITED沿海綠色家園有限公司 *
(Incorporated in Bermuda with limited liability)
(Stock Code: 01124) POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 12 SEPTEMBER 2016; AND CHANGE OF DIRECTORThe Board is pleased to announce that at the AGM, all the proposed resolutions were duly passed by the Shareholders by way of poll.
The Board announces that Mr. Chen Xiaotian has retired as an independent non-executive Director and not offered for re-election at the AGM. Mr. Chen Xiaotian also ceased to be the chairman of the audit committee of the Board and member of the nomination committee of the Board with effect from 12 September 2016.
The Board announces that Mr. Huang Xihua has been appointed as the chairman of the audit committee of the Board with effect from 12 September 2016.
Reference is made to the circular (the "Circular") of Coastal Greenland Limited (the "Company") and the notice (the "Notice") of the annual general meeting (the "AGM") dated 29 July 2016. Unless the context otherwise requires, terms defined in this announcement shall have the same meanings as those defined in the Circular.
POLL RESULTS OF THE AGMAt the AGM, all proposed resolutions as set out in the Notice were taken by poll. The Company's branch share registrar in Hong Kong, Tricor Tengis Limited, was appointed as the scrutineer for the purpose of vote-taking at the AGM.
As at the date of AGM, the total number of issued shares of the Company was 4,185,874,285 Shares, which was the total number of Shares entitling the Shareholders to attend and vote for or against the resolutions at the AGM. There was no Share entitling any Shareholders to attend and abstain from voting in favour of the ordinary resolutions at the AGM as set out in Rule 13.40 of the Listing Rules and no Shareholder was required under the Listing Rules to abstain from voting at the AGM. There was no party who had stated his/her/its intention in the Circular to vote against the ordinary resolutions at the AGM or to abstain had done so at the AGM.
The Board is pleased to announce that all the proposed resolutions were duly passed by the Shareholders by way of poll at the AGM. The poll results in respect of the resolutions were as follows:
Ordinary Resolutions | Number of Votes (%) | ||||
For | Against | ||||
1. | To receive and consider the audited consolidated financial statements, the report of the directors (the "Directors") and the independent auditor's report for the year ended 31 March 2016. | 2,301,847,023 (95.568%) | 106,742,963 (4.432%) | ||
2. | (I) | (a) | To re-elect Mr. Jiang Ming as an executive Director; | 2,301,847,023 (95.568%) | 106,742,963 (4.432%) |
(b) | To re-elect Mr. Xia Xianglong as an executive Director; | 2,301,847,023 (95.568%) | 106,742,963 (4.432%) | ||
(c) | To re-elect Mr. Lu Jiqiang as a non-executive Director; | 2,290,343,023 (95.091%) | 118,246,963 (4.909%) | ||
(d) | To re-elect Mr. Huang Xihua as an independent non-executive Director; | 2,301,847,023 (95.568%) | 106,742,963 (4.432%) | ||
(II) | To authorise the board (the "Board") of Directors to fix the remuneration of Directors. | 2,301,847,023 (95.568%) | 106,742,963 (4.432%) | ||
3. | To re-appoint Deloitte Touche Tohmatsu as auditor of the Company and authorise the Board to fix their remuneration. | 2,301,847,023 (95.568%) | 106,742,963 (4.432%) | ||
4. | (I) | To give a repurchase mandate to the Directors to purchase shares of the Company; | 2,301,847,023 (95.568%) | 106,742,963 (4.432%) | |
(II) | To give a general mandate to the Directors to allot, issue and deal with additional shares of the Company; and | 2,290,343,023 (95.091%) | 118,246,963 (4.909%) | ||
(III) | To extend the general mandate granted to the Directors to issue additional shares of the Company repurchased under the repurchase mandate pursuant to Resolution 4(I). | 2,290,343,023 (95.091%) | 118,246,963 (4.909%) | ||
The Board announces that Mr. Chen Xiaotian ("Mr. Chen") has retired as an independent non- executive Director and not offered for re-election at the AGM due to his decision to devote more time to his personal endeavors. Mr. Chen also ceased to be the chairman of the audit committee of the Board and member of the nomination committee of the Board with effect from 12 September 2016.
Mr. Chen confirmed that he has no disagreement with the Board and there is no matter relating to his retirement that needs to be brought to the attention of the Shareholders and the Stock Exchange.
The Board would like to take this opportunities to express its sincere gratitude to Mr. Chen for his valuable contributions to the Group during his term of office.
The Board announces that Mr. Huang Xihua has been appointed as the chairman of the audit committee of the Board with effect from 12 September 2016.
By order of the Board
Coastal Greenland Limited Jiang MingChairman
Hong Kong, 12 September 2016
As at the date of this announcement, the Board comprises Mr. Jiang Ming, Mr. Tao Lin, Mr. Cai Shaobin and Mr. Xia Xianglong as executive Directors, Mr. Lu Jiqiang and Dr. Dai Jingming as non-executive Directors and Mr. Wong Kai Cheong, Mr. Yang Jiangang and Mr. Huang Xihua as independent non-executive Directors.
* For identification purpose only
Coastal Greenland Limited published this content on 12 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 September 2016 12:15:07 UTC.
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