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PINDUODUO INC.

(PDD)
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Pinduoduo : Result of Pinduoduo Inc.'s 2021 Annual General Meeting (Form 6-K)

07/26/2021 | 04:08pm EDT

Result of Pinduoduo Inc.'s 2021 Annual General Meeting

At Pinduoduo Inc.'s (the 'Company') 2021 annual general meeting of shareholders held on July 25, 2021, shareholders of the Company adopted the following resolutions as ordinary resolutions proposed by the Company:

1. THAT Mr. Lei Chen be re-elected as a director of the Company;
2. THAT Mr. Anthony Kam Ping Leung be re-elected as a director of the Company;
3. THAT Mr. Haifeng Lin be re-elected as a director of the Company;
4. THAT Dr. Qi Lu be re-elected as a director of the Company;
5. THAT Mr. Nanpeng Shen be re-elected as a director of the Company; and
6. THAT Mr. George Yong-Boon Yeo be re-elected as a director of the Company.

A total of 4,866,797,360 votes, representing 96.8% of the total outstanding voting power as of July 2, 2021, the record date, were present in person or by proxy at the 2021 annual general meeting. The results of the votes are as follows:

For Against Abstained
Resolutions Votes % Votes % Votes
Re-election of Lei Chen 4,816,378,260 99.2 % 38,939,860 0.8 % 11,479,240
Re-election of Anthony Kam Ping Leung 4,754,745,284 97.9 % 103,634,372 2.1 % 8,417,704
Re-election of Haifeng Lin 4,852,719,268 99.9 % 4,916,528 0.1 % 9,161,564
Re-election of Qi Lu 4,769,892,424 98.2 % 88,487,608 1.8 % 8,417,328
Re-election of Nanpeng Shen 4,530,903,832 93.3 % 327,474,272 6.7 % 8,419,256
Re-election of George Yong-Boon Yeo 4,587,592,592 94.4 % 270,783,032 5.6 % 8,421,736

Disclaimer

Pinduoduo Inc. published this content on 26 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2021 20:07:08 UTC.


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Financials
Sales 2021 108 B 16 677 M 16 677 M
Net income 2021 -3 814 M -590 M -590 M
Net cash 2021 110 B 17 022 M 17 022 M
P/E ratio 2021 -240x
Yield 2021 -
Capitalization 766 B 118 B 118 B
EV / Sales 2021 6,08x
EV / Sales 2022 4,09x
Nbr of Employees 7 986
Free-Float 18,1%
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Mean consensus BUY
Number of Analysts 37
Last Close Price 611,36 CNY
Average target price 895,85 CNY
Spread / Average Target 46,5%
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Managers and Directors
Lei Chen Chairman & Chief Executive Officer
Jing Ma Vice President-Finance
Jun Yun Xiao Senior Vice President-Operation
Nan Peng Shen Independent Director
Qi Lu Independent Director
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