Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Sinopharm Group Co., Ltd.    1099   CNE100000FN7

SINOPHARM GROUP CO., LTD.

(1099)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sinopharm : ANNOUNCEMENT POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON FRIDAY, 18 SEPTEMBER 2020 ELECTION OF THE EMPLOYEE REPRESENTATIVE SUPERVISORS

share with twitter share with LinkedIn share with facebook
09/18/2020 | 06:45am 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.

(A joint stock limited company incorporated in the People's Republic of China with limited liability and carrying

on business in Hong Kong as 國控股份有限公司)

(Stock Code: 01099)

ANNOUNCEMENT

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON FRIDAY, 18

SEPTEMBER 2020

ELECTION OF THE EMPLOYEE REPRESENTATIVE SUPERVISORS

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING

The board of directors (the "Board") of Sinopharm Group Co. Ltd. (the "Company") is pleased to announce that the extraordinary general meeting (the "EGM") was held at 9:00 a.m. on Friday, 18 September 2020 at Meeting Room 1401, Sinopharm Group Building, No. 385, East Longhua Road, Huangpu District, Shanghai, the People's Republic of China (the "PRC"). The resolutions proposed at the EGM were duly passed by way of poll.

The poll results in respect of the resolutions proposed at the EGM are as follows:

ORDINARY RESOLUTIONS

Number of Valid Votes (%)

For

Against

To consider and approve (if thought fit) the re-election of Mr. Li

Zhiming as an executive Director of the fifth session of the Board

(the "Board") of the Company, to authorize the Board to

2,346,251,246

175,106,590

1.

determine his remuneration and to authorize the chairman of the

93.055%

6.945%

Board or any executive Director of the Company to enter into the

service contract or such other documents or supplemental

agreements or deeds with him.

1

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the re-election of Mr. Yu

Qingming as an executive Director of the fifth session of the Board

of

the Company,

to authorize the

Board

to

determine

his

2,404,602,454

117,251,103

2.

remuneration and to authorize the chairman of the Board or any

95.351%

4.649%

executive Director of the Company to enter into the service

contract or such other documents or supplemental agreements or

deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the re-election of Mr. Liu

Yong as an executive Director of the fifth session of the Board of

the

Company,

to

authorize the

Board

to

determine

his

2,431,534,718

90,318,839

3.

remuneration and to authorize the chairman of the Board or any

96.419%

3.581%

executive Director of the Company to enter into the service

contract or such other documents or supplemental agreements or

deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the re-election of Mr.

Chen Qiyu as a non-executive Director of the fifth session of the

1,989,182,167

532,671,390

Board, to authorize the Board to determine his remuneration and to

4.

78.878%

21.122%

authorize the chairman of the Board or any executive Director of

the Company to enter into the service contract or such other

documents or supplemental agreements or deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the re-election of Mr. Ma

Ping as a non-executive Director of the fifth session of the Board,

2,396,657,154

125,196,403

to

authorize the

Board to determine his remuneration and

to

5.

95.036%

4.964%

authorize the chairman of the Board or any executive Director of

the Company to enter into the service contract or such other

documents or supplemental agreements or deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the re-election of Mr. Hu

Jianwei as a non-executive Director

of the

fifth

session of

the

2,385,727,265

136,126,292

Board, to authorize the Board to determine his remuneration and to

6.

94.602%

5.398%

authorize the chairman of the Board or any executive Director of

the Company to enter into the service contract or such other

documents or supplemental agreements or deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

2

an ordinary resolution.

To consider and approve (if thought fit) the re-election of Mr.

Deng Jindong as a non-executive Director of the fifth session of

2,263,154,676

258,698,881

the Board, to authorize the Board to determine his remuneration

7.

89.742%

10.258%

and to authorize the chairman of the Board or any executive

Director of the Company to enter into the service contract or such

other documents or supplemental agreements or deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the re-election of Mr. Wen

Deyong as a non-executive Director of the fifth session of the

2,378,692,383

143,161,174

Board, to authorize the Board to determine his remuneration and to

8.

94.323%

5.677%

authorize the chairman of the Board or any executive Director of

the Company to enter into the service contract or such other

documents or supplemental agreements or deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the re-election of Ms.

Guan Xiaohui as a non-executive Director of the fifth session of

2,258,781,798

263,071,759

the Board, to authorize the Board to determine her remuneration

9.

89.568%

10.432%

and to authorize the chairman of the Board or any executive

Director of the Company to enter into the service contract or such

other documents or supplemental agreements or deeds with her.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the re-election of Ms. Feng

Rongli as a non-executive Director of the fifth session of the

2,361,005,464

160,848,093

Board, to authorize the Board to determine her remuneration and to

10.

93.622%

6.378%

authorize the chairman of the Board or any executive Director of

the Company to enter into the service contract or such other

documents or supplemental agreements or deeds with her.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the re-election of Mr.

Zhuo Fumin as an independent non-executive Director of the fifth

session of the Board, to authorize the Board to determine his

1,889,998,800

631,854,757

11. remuneration and to authorize the chairman of the Board or any

74.945%

25.055%

executive Director of the Company to enter into the service

contract or such other documents or supplemental agreements or

deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as an ordinary resolution.

3

To consider and approve (if thought fit) the re-election of Mr.

Chen Fangruo as an independent non-executive Director of the

fifth session of the Board, to authorize the Board to determine his

2,497,463,875

24,389,682

12. remuneration and to authorize the chairman of the Board or any

99.033%

0.967%

executive Director of the Company to enter into the service

contract or such other documents or supplemental agreements or

deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the appointment of Mr. Li

Peiyu as an independent non-executive Director of the fifth session

2,508,480,657

13,372,900

of the Board, to authorize the Board to determine his remuneration

13.

99.470%

0.530%

and to authorize the chairman of the Board or any executive

Director of the Company to enter into the service contract or such

other documents or supplemental agreements or deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the appointment of Mr.

Wu Tak Lung as an independent non-executive director of the fifth

session of the Board, to authorize the Board to determine his

1,963,451,475

558,402,082

14. remuneration and to authorize the chairman of the Board or any

77.857%

22.143%

executive Director of the Company to enter into the service

contract or such other documents or supplemental agreements or

deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as

an ordinary resolution.

To consider and approve (if thought fit) the appointment of Mr. Yu

Weifeng as an independent non-executive director of the fifth

session of the Board, to authorize the Board to determine his

2,509,219,157

12,634,400

15. remuneration and to authorize the chairman of the Board or any

99.499%

0.501%

executive Director of the Company to enter into the service

contract or such other documents or supplemental agreements or

deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as an ordinary resolution.

To consider and approve (if thought fit) the appointment of Mr.

Wu Yifang as an independent Supervisor of the fifth session of the

Supervisory Committee of

the

Company (the "Supervisory

2,407,702,847

113,955,910

Committee"), to authorize

the

Supervisory

Committee to

16.

95.481%

4.519%

determine his remuneration and to authorize the chairman of the

Board or any executive Director of the Company to enter into the

service contract or such other documents or supplemental

agreements or deeds with him.

4

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as an ordinary resolution.

To consider and approve (if thought fit) the appointment of Mr.

Liu Zhengdong as an independent Supervisor of the fifth session of

the Supervisory Committee of the Company, to authorize the

2,510,295,157

11,363,600

17. Supervisory Committee to determine his remuneration and to

99.549%

0.451%

authorize the chairman of the Board or any executive Director of

the Company to enter into the service contract or such other

documents or supplemental agreements or deeds with him.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as an ordinary resolution.

To consider and approve (if thought fit) the re-election of Ms. Li

Xiaojuan as

a shareholder representative Supervisor of the fifth

2,499,590,609

22,068,148

session of

the Supervisory Committee of the Company,

to

18.

99.125%

0.875%

authorize the chairman of the Board or any executive Director of

the Company to enter into the service contract or such other

documents or supplemental agreements or deeds with her.

As more than 50% of the votes were cast in favour of this resolution, the resolution was duly passed as an ordinary resolution.

SPECIAL RESOLUTION

Number of Valid Votes (%)

For

For

To consider and approve (if thought fit) the amendments to the

articles of association (the "Articles of Association") of the

Company as set out in the circular dated 3 September 2020 of the

2,521,853,557

0

Company and to authorize any executive Director to handle the

19.

100.000%

0.000%

approval and filing procedures with relevant Administration for

Market Regulation in relation to such amendments, and to make

wording adjustments to such amendments according to opinions of

Administration for Market Regulation (if applicable).

As more than two-thirds of the votes were casted in favour of this resolution, the resolution was duly passed as a special resolution.

As at the date of the EGM, the total number of issued shares of the Company and the total number of shares entitling the holders to attend and vote for or against the resolutions proposed at the EGM was 3,120,656,191. There were no shares entitling the holders to attend and vote only against the resolutions proposed at the EGM and there were no restrictions on any shareholder casting votes on the resolutions proposed at the EGM and no parties had stated their intention in the circular of the Company dated 3 September 2020 to vote against the resolutions proposed at the EGM or to abstain from voting.

Shareholders and authorized proxies holding an aggregate of 2,521,853,557 shares, representing 80.81 % of the total issued share capital of the Company, were present at the EGM. The holding of the EGM was in compliance with the requirements of the Company Law of the PRC and the Articles of Association. The EGM was chaired by Mr. Li Zhiming, the Chairman of the Board.

5

In compliance with the requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules"), Computershare Hong Kong Investor Services Limited, the H share registrar of the Company, acted as the scrutineer for the vote-taking at the EGM.

ELECTION OF THE EMPLOYEE REPRESENTATIVE SUPERVISORS

The Board hereby announced that Mr. Zhang Hongyu and Ms. Lu Haiqing were elected as the employee representative Supervisors of the fifth session of the Supervisory Committee of the Company at the meeting of the employee representative of the Company with effect from 18 September 2020. In accordance with the Articles of Association, the employee representative Supervisors shall be elected democratically by the meeting of the employee representatives and are not subject to shareholders' approval.

Ms. Jin Yi, the employee representative Supervisor of the fourth session of the Supervisory Committee, shall retire upon the election of the employee representative Supervisors of fifth session of the Supervisory Committee at the meeting of the employee representatives (i.e. 18 September 2020). The Board would like to express its sincere gratitude to the contributions made by Ms. Jin Yi during her tenure as a Supervisor.

Biographies of the employee representative Supervisors of the fifth session of the Supervisory Committee are as follows:

Mr. Zhang Hongyu, aged 58, has been an employee representative Supervisor of the Company since January 2018. Mr. Zhang has over 34 years of working experience. Mr. Zhang obtained a bachelor's degree in economics from East China Normal University in July 1985 and a master's degree in EMBA from Shanghai Jiao Tong University in December 2007. Mr. Zhang served successively as a staff member and engineer of Human Resource Department of the Shanghai Branch of Chinese Academy of Sciences from July 1985 to September 1992. Mr. Zhang served as the manager of Human Resources Department of Shanghai Keyuan Real Estate Development Co., Ltd. from September 1992 to September 1994 and the manager of Shanghai Huihuang Architectural Decoration Co., Ltd. from October 1994 to August 1996. Mr. Zhang worked at the Shanghai Branch of Chinese Academy of Sciences from September 1996 to October 1999 and finally served as deputy-division chief researcher at the Human Resource Department. Mr. Zhang successively served as deputy general manager of Human Resources Department of China Worldbest Group Co., Ltd., head of Human Resources Department of China Worldbest Life Industry Co., Ltd., assistant to president and head of Human Resources Department of China Worldbest Life Industry Co., Ltd. from November 1999 to December 2006. Mr. Zhang served as deputy party secretary and head of Human Resources Department of Sinopharm Logistics Co., Ltd. from March 2007 to June 2009, head of Human Resources Department of Distribution Business Department of the Company and deputy head of Human Resources Department of the Company from July 2009 to September 2010, head of the Party Affairs Department of the Company from September 2010 to January 2018, and deputy secretary of Discipline Inspection Commission and deputy chairman of Labour Union of the Company from December 2012 to January 2018, and secretary of Discipline Inspection Commission and deputy chairman of Labour Union of the Company from January 2018 to May 2018. He has been serving as the secretary of Discipline Inspection Commission of the Company since May 2018.

Ms. Lu Haiqing, aged 46. Ms. Lu obtained a master's degree in accounting from the Chinese University of Hong Kong in December 2012. Ms. Lu is a non-executive member of the Chinese Institute of Certified Public

6

Accountants (CPA) and a non-executive member of the International Certified Internal Auditor (CIA) Association. Ms. Lu has approximately 27 years' working experience, with all audit experience obtained from February 2000 to June 2006. She had served successively as the project manager of the audit department of Guangxi GuiXinCheng Certified Public Accountants Co., Ltd. (廣西桂鑫誠會計事務所), the project manager of the audit department of Shanghai Huadong Certified Public Accountants Co., Ltd., Guangxi Branch (上海華東會 計師事務所有限公司廣西分所 ), the project manager of the investment department of Shanghai Kangrun Investment Co., Ltd. (上海康潤投資有限公司), and the audit manager of the audit department of Bosideng Corporation Limited (波司登股份有限公司). Since she joined the Company in July 2006, Ms. Lu has been serving as the deputy head of the audit department of the Company. Ms. Lu currently also serves as non-executive directors or supervisors in a number of subsidiaries.

The Company will enter into a service contract with Mr. Zhang Hongyu and Ms. Lu Haiqing respectively for a term of three years from the date of appointment. Mr. Zhang Hongyu and Ms. Lu Haiqing will not receive any remuneration from the Company in their capacities as employee representative Supervisors.

Save as disclosed above and as at the date of this announcement, none of the above employee representative Supervisors of the fifth session of the Supervisory Committee has any relationship with any Director, senior management or substantial or controlling Shareholder of the Company, or has any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Save as disclosed above, none of the above employee representative Supervisors of the fifth session of the Supervisory Committee held any other positions in the Company or any of its subsidiaries, or any directorships in other listed companies in the last three years.

Save as disclosed above, the Company is not aware of any other matters that need to be brought to the attention of the Shareholders or any information in relation to the appointment of the above employee representative Supervisors of the fifth session of the Supervisory Committee that need to be disclosed pursuant to the requirements of Rules 13.51(2)(h) to (v) of the Hong Kong Listing Rules.

By order of the Board

Sinopharm Group Co. Ltd.

Li Zhiming

Chairman

Shanghai, the PRC

18 September 2020

As at the date of this announcement, the executive directors of the Company are Mr. Li Zhiming, Mr. Yu Qingming and Mr. Liu Yong; the non-executive directors of the Company are Mr. Chen Qiyu, Mr. Ma Ping, Mr. Hu Jianwei, Mr. Deng Jindong, Mr. Wen Deyong, Ms. Guan Xiaohui and Ms. Feng Rongli; and the independent non-executive directors of the Company are Mr. Zhuo Fumin, Mr. Chen Fangruo, Mr. Li Peiyu, Mr. Wu Tak Lung and Mr. Yu Weifeng.

  • The Company is registered as a non-Hong Kong company under the Hong Kong Companies Ordinance under its Chinese name and the English name "Sinopharm Group Co. Ltd.".

7

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Sinopharm Group Co. Ltd. published this content on 18 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2020 10:44:08 UTC


share with twitter share with LinkedIn share with facebook
All news about SINOPHARM GROUP CO., LTD.
10/19Brazil's Butantan says tests show vaccine by China's Sinovac is safe
RE
10/15Coronavirus vaccine candidate from China's CNBG shows promise in human test, ..
RE
10/15China's Sinopharm offers experimental COVID-19 vaccines to students - WSJ
RE
09/27SINOPHARM : Announcements and Notices - List of Directors and Their Role and Fun..
PU
09/27SINOPHARM : Announcements and Notices - ANNOUNCEMENT ELECTION OF CHAIRMAN AND VI..
PU
09/27SINOPHARM : Announcements and Notices - ANNOUNCEMENT POLL RESULTS OF THE EXTRAOR..
PU
09/27SINOPHARM : Announcements and Notices - NOTICE OF EXTRAORDINARY GENERAL MEETING
PU
09/24China's Sinovac expects interim final-stage trial data on coronavirus vaccine..
RE
09/24China's CNBG to donate 200,000 coronavirus vaccine doses to medics in Wuhan
RE
09/24China's CNBG to donate 200,000 coronavirus vaccine doses to medics in Wuhan
RE
More news
Financials
Sales 2020 457 B 68 343 M 68 343 M
Net income 2020 6 613 M 989 M 989 M
Net Debt 2020 15 109 M 2 260 M 2 260 M
P/E ratio 2020 6,36x
Yield 2020 4,67%
Capitalization 42 716 M 6 394 M 6 389 M
EV / Sales 2020 0,13x
EV / Sales 2021 0,12x
Nbr of Employees 98 234
Free-Float 43,0%
Chart SINOPHARM GROUP CO., LTD.
Duration : Period :
Sinopharm Group Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SINOPHARM GROUP CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 23,39 CNY
Last Close Price 13,71 CNY
Spread / Highest target 181%
Spread / Average Target 70,6%
Spread / Lowest Target 5,15%
EPS Revisions
Managers
NameTitle
Yong Liu President & Executive Director
Fang Yao Chairman-Supervisory Board
Zhi Ming Li Chairman
Xiu Chang Jiang Chief Financial Officer & Vice President
Jin Dong Deng Non-Executive Director
Sector and Competitors