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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Shougang Fushan Resources Group Ltd    0639   HK0639031506

SHOUGANG FUSHAN RESOURCES GROUP LTD

(0639)
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Shougang Fushan Resources : Announcements and Notices - VOTING RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 16 MAY 2019

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05/16/2019 | 12:58pm EDT

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.

首 鋼 福 山 資 源 集 團 有 限 公 司

SHOUGANG FUSHAN RESOURCES GROUP LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 639)

VOTING RESULTS OF THE ANNUAL GENERAL MEETING

HELD ON 16 MAY 2019

The Board is pleased to announce that all the resolutions set out in the AGM Notice were duly passed by the Shareholders by way of poll at the Annual General Meeting held on 16 May 2019.

Reference is made to the circular of the Company dated 10 April 2019 (the "Circular") to the Shareholders regarding proposals for general mandates to issue and buy back shares, re-election of retiring directors and notice of Annual General Meeting (the "AGM Notice"). Capitalized terms used herein shall have the same meanings as defined in the Circular unless the context requires otherwise. The Circular may be viewed at, and downloaded from, the website of the Company at www.shougang-resources.com.hkand the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk.

VOTING RESULTS OF THE ANNUAL GENERAL MEETING

The Board is pleased to announce that all the resolutions set out in the AGM Notice contained in the Circular were duly passed by the Shareholders by way of poll at the Annual General Meeting held on 16 May 2019.

The Company's share registrar, Tricor Tengis Limited, was appointed as the scrutineer at the Annual General Meeting for the purpose of vote-taking. The voting results in respect of the resolutions as set out in the AGM Notice are as follows:-

Number of votes cast

Ordinary Resolutions

(percentage of total number of

Total number

votes cast)

of votes cast

For

Against

1. To receive the report of the directors

3,839,772,822

0

3,839,772,822

and the audited financial statements for

(100%)

(0%)

the year ended 31 December 2018.

1

Number of votes cast

Ordinary Resolutions

(percentage of total number of

Total number

votes cast)

of votes cast

For

Against

2. To declare a final dividend for the year

3,841,588,822

0

3,841,588,822

ended 31 December 2018.

(100%)

(0%)

3. A.

To re-elect Mr. Ding Rucai

as

3,666,455,104

175,133,718

3,841,588,822

director.

(95.44%)

(4.56%)

B.

To re-elect Mr. Choi Wai Yin

as

3,761,889,323

79,699,499

3,841,588,822

director.

(97.93%)

(2.07%)

C. To re-elect Mr. Japhet Sebastian

3,455,039,183

386,545,639

3,841,588,822

Law as director.

(89.94%)

(10.06%)

D. To re-elect Ms. Chang Cun as

3,789,803,830

51,780,992

3,841,588,822

director.

(98.65%)

(1.35%)

4. To re-appoint auditor and to authorise

3,827,682,822

13,906,000

3,841,588,822

the directors to fix its remuneration.

(99.64%)

(0.36%)

5. To pass Resolution 5 of the AGM

3,408,532,654

431,881,355

3,840,414,009

Notice - to give a general mandate to

(88.75%)

(11.25%)

the directors to issue and dispose of

shares not exceeding 20% of the

existing total number of shares of the

Company in issue.

6. To pass Resolution 6 of the AGM

3,840,790,822

0

3,840,790,822

Notice - to give a general mandate to

(100%)

(0%)

the directors to buy back shares not

exceeding 10% of the existing total

number of shares of the Company in

issue.

7. To pass Resolution 7 of the AGM

3,422,453,791

419,135,031

3,841,588,822

Notice - to add, conditional upon the

(89.09%)

(10.91%)

passing of resolution 6 above, the total

number of shares bought back to the

general mandate given to the directors

to allot shares.

As at the date of the Annual General Meeting, the number of Shares in issue was 5,301,837,842 which was the total number of Shares entitling the Shareholders to attend and vote on the resolutions at the Annual General Meeting. There were no Shares entitling the Shareholders to attend and abstain from voting in favour as set out in Rule 13.40 of the Listing Rules and no Shareholders were required under the Listing Rules to abstain from voting at the Annual General Meeting. No parties have indicated in the Circular that they intend to vote against or to abstain from voting on any resolutions at the Annual General Meeting.

2

By Order of the Board

Shougang Fushan Resources Group Limited

Ding Rucai

Chairman

Hong Kong, 16 May 2019

As at the date of this announcement, the Board comprises Mr. Ding Rucai (Chairman), Mr. Li Shaofeng (Managing Director), Mr. So Kwok Hoo (Deputy Managing Director), Mr. Chen Zhaoqiang (Deputy Managing Director), Mr. Liu Qingshan (Deputy Managing Director), Ms. Chang Cun (Non-executive Director), Mr. Kee Wah Sze (Independent Non-executive Director), Mr. Choi Wai Yin (Independent Non-executive Director), Mr. Chan Pat Lam (Independent Non-executive Director) and Mr. Japhet Sebastian Law (Independent Non-executive Director).

3

Disclaimer

Shougang Fushan Resources Group Limited published this content on 16 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 May 2019 16:57:04 UTC

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Sales 2019 3 727 M
EBIT 2019 1 416 M
Net income 2019 1 093 M
Finance 2019 4 983 M
Yield 2019 6,37%
P/E ratio 2019 8,26x
P/E ratio 2020 7,42x
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Technical analysis trends SHOUGANG FUSHAN RESOURCES
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 5
Average target price 2,21  HKD
Last Close Price 1,71  HKD
Spread / Highest target 57,9%
Spread / Average Target 29,1%
Spread / Lowest Target 11,7%
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NameTitle
Shao Feng Li Managing Director & Executive Director
Ru Cai Ding Chairman
Kwok Hoo So Executive Director & Deputy Managing Director
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