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China Gogreen Assets Investment Limited
(Incorporated in Bermuda with limited liability) (Stock Code: 397)
POLL RESULTS OF THE
ANNUAL GENERAL MEETING HELD ON 24 MAY 2011
AND RETIREMENT OF DIRECTOR
POLL RESULTS OF THE ANNUAL GENERAL MEETING
All the resolutions as set out in the notice of the Annual General Meeting were duly passed by the Shareholders as ordinary resolutions of the Company at the Annual General Meeting held on
24 May 2011 by way of poll.RETIREMENT OF DIRECTOR
Mr. Liu retired as an executive Director with effect from the conclusion of the Annual General Meeting.
POLL RESULTS OF THE ANNUAL GENERAL MEETING
Reference is made to the circular of China Gogreen Assets Investment Limited (the “Company”) dated
18 April 2011 in relation to the proposals for grant of general mandates to issue and repurchase shares and re-election of directors. Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those defined in such circular. The Board is pleased to announce that all the resolutions as set out in the notice of the Annual General Meeting were duly passed by the Shareholders as ordinary resolutions of the Company at the Annual General Meeting held on 24 May 2011 by way of poll.- 1 -
As at the date of the Annual General Meeting, there were a total of 7,007,762,430 Shares in issue. To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, no Shareholder was required to abstain from voting on the resolutions proposed at the Annual General Meeting. As such, there were a total of 7,007,762,430 Shares, representing 100% of the issued share capital of the Company as at the date of the Annual General Meeting, entitling Shareholders to attend and vote for or against the resolutions proposed at the Annual General Meeting. None of the Shareholders was entitled to attend and vote only against the resolutions proposed at the Annual General Meeting.
Full text of the resolutions is set out in the notice of the Annual General Meeting. The poll results for the resolutions are as follows:No. | Ordinary Resolutions | Number of Votes (%) | |
No. | Ordinary Resolutions | For | Against |
1. | To receive and adopt the audited consolidated financial statements and the reports of the directors and the auditors of the Company for the year ended 31 December 2010. | 3,303,797,148 (100.00%) | 0 (0.00%) |
2(a). | To re-elect Mr. Lawrence Tang as an executive Director. | 3,303,797,148 (100.00%) | 0 (0.00%) |
2(b). | To re-elect Mr. Chik Chi Man as an independent non-executive Director. | 3,303,797,148 (100.00%) | 0 (0.00%) |
3. | To authorise the Board to fix the Directors’ remuneration. | 3,303,797,148 (100.00%) | 0 (0.00%) |
4. | To re-appoint HLB Hodgson Impey Cheng as auditors of the Company and authorize the Board to fix their remuneration. | 3,303,797,148 (100.00%) | 0 (0.00%) |
5. | To grant a general mandate to the Directors to allot, issue and deal with additional Shares not exceeding 20% of the existing issued share capital of the Company as described in resolution no. 5 of the notice of the Annual General Meeting. | 3,043,797,148 (92.13%) | 260,000,000 (7.87%) |
6. | To grant a general mandate to the Directors to repurchase Shares not exceeding 10% of the existing issued share capital of the Company as described in resolution no. 6 of the notice of the Annual General Meeting. | 3,303,797,148 (100.00%) | 0 (0.00%) |
7. | To add the aggregate nominal amount of repurchased Shares to the general mandate granted to the Directors under resolution no. 5 above as described in resolution no. 7 of the notice of the Annual General Meeting. | 3,043,797,148 (92.13%) | 260,000,000 (7.87%) |
As more than 50% of the votes were cast in favour of each of the resolutions, all the resolutions proposed at the Annual General Meeting were duly passed by the Shareholders as ordinary resolutions of the Company. |
Note: The number of votes and percentage of the voting as stated above are based on the total number of Shares held by the Shareholders who attended and voted at the Annual General Meeting in person, by authorized corporate representative or by proxy.
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Tricor Tengis Limited, the branch share registrar and transfer office of the Company in Hong Kong, was appointed as the scrutineer for the vote-taking at the Annual General Meeting.
RETIREMENT OF DIRECTOR
The Board also announces that Mr. Liu Wenmao (“Mr. Liu”) retired as an executive Director with effect from the conclusion of the Annual General Meeting. Mr. Liu decided not to offer himself for re-election as Director at the Annual General Meeting due to other business commitments which require more of his dedication.
Mr. Liu has confirmed that he has no disagreement with the Board and that he is not aware of any matter in connection with his retirement that needs to be brought to the attention of the Shareholders. The Board would like to take this opportunity to thank Mr. Liu for his valuable contribution and services during his tenure of office. On behalf of the BoardChina Gogreen Assets Investment Limited
Bai Liang
Chairman
Hong Kong, 24 May 2011
As at the date of this announcement, the executive Directors are Mr. Bai Liang, Mr. Cho Kwai Yee, Kevin, Mr. Lawrence Tang and Mr. Xue Feng; and the independent non-executive Directors are Mr. Chan Chi Yuen, Mr. Lo Chun Nga and Mr. Chik Chi Man.
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