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E-FUTURE (EFUT)

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E-FUTURE : eFuture Announces Results of Annual General Meeting of Shareholders

12/11/2009 | 08:35 am


BEIJING, Dec. 11 /PRNewswire-Asia/ -- eFuture Information Technology Inc.
(Nasdaq: EFUT) ("eFuture" or the "Company"), a leading provider of software
and services in China's retail and consumer goods industries, is pleased to
announce the results of its 2009 Annual General Meeting of Shareholders (the
"Meeting") held on December 4, 2009, at which a quorum of 78.44% of the
Company's issued and outstanding shares were present in person or by proxy.
All of the proposals submitted for shareholder approval at the Meeting were
approved.




The voting results on the items submitted for shareholder approval were as
follows:

Proposal 1: The election of three Class I directors to serve until the
annual meeting of shareholders in 2012 or until their
successors are duly elected and qualified.


Director Name For Against Abstain
Mr. Ming Zhu 2,621,631 -- 15,947
Dr. Dong Cheng 2,621,631 -- 15,947
Mr. Brian Lin 2,621,631 -- 15,947


Proposal 2(A): The approval of an increase in the number of members of
the Company's Board of Directors from seven persons to a
range of between seven and eleven persons.


For Against Abstain
2,514,086 123,192 300


Proposal 2(B): The election of one Class II director to serve until the
annual meeting of shareholders in 2010 or until his
successor is duly elected and qualified, and the election
of one Class III director to serve until the annual
meeting of shareholders in 2011 or until his successor is
duly elected and qualified.


Director Name For Against Abstain
Weiquan Ren 2,574,615 -- 62,963
Deliang Tong 2,548,443 -- 89,135


Proposal 3: The approval of the 2009 Share Incentive Plan.


For Against Abstain Broker Non-Votes
1,287,065 23,966 21,236 1,305,311


Proposal 4: The approval of the split of the Company's shares at such
time and on such terms as the Board of Directors may
determine.


For Against Abstain
2,563,807 35,667 38,104



About eFuture Information Technology Inc.



eFuture Information Technology Inc. (NASDAQ: EFUT) is a leading provider
of software and services in China's rapidly growing retail and consumer goods
industries. eFuture provides integrated software and services to manufacturers,
distributors, wholesalers, logistics companies and retailers in China's front-
end supply chain (from factory to consumer) market, especially in the retail
and fast moving consumer goods ("FMCG") industries. eFuture currently serves
over 15 Fortune 500 companies, over 1000 retailers and over 5,000 suppliers
operating in China. eFuture is one of IBM's premier business partners in Asia
Pacific
and is a strategic partner with Oracle, Microsoft, JDA, Motorola and
Samsung Network China. eFuture has over 600 employees and 20 branch offices
across China.




For more information about eFuture, please visit http://www.e-
future.com.cn/ .




For investor and media inquiries, please contact:

Investor Contact:
Troe Wen, Company Secretary
eFuture Information Technology Inc.
Tel: +86-10-5293-7699
Email: ir@e-future.com.cn

Investor Relations (HK):
Ruby Yim
Taylor Rafferty
Tel: +852-3196-3712
Email: eFuture@Taylor-Rafferty.com

Investor Relations (US):
Mahmoud Siddig
Taylor Rafferty
Tel: +1-212-889-4350
Email: eFuture@Taylor-Rafferty.com

Media Contact:
Jason Marshall
Taylor Rafferty
Tel: +1-212-889-4350
Email: eFuture@Taylor-Rafferty.com


SOURCE eFuture Information Technology Inc.



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