Acorn International, Inc. announced that at its annual general meeting of shareholders held on December 31, 2014 shareholders voted against the proposals to re-elect Mr. Andrew Y. Yan and Mr. Gordon Xiaogang Wang as directors. Additional proposals were made at the AGM by SB Asia Investment Fund II L.P., a significant shareholder of the company, to elect Mr. Charlie Shiqiang Ban, Ms. Lynda Chung Ki Lau, Mr. Liang Lu and Mr. Steve Xiaodi Sun as directors of the company, which proposals were approved by Acorn shareholders at the AGM. As a result, effective as of December 31, 2014, Mr. Andrew Y. Yan and Mr. Gordon Xiaogang Wang are no longer directors of the company and Mr. Charlie Shiqiang Ban, Ms. Lynda Chung Ki Lau, Mr. Liang Lu and Mr. Steve Xiaodi Sun are members of the company's board of directors, which consists of eight members.