dzug holds 2016 general meeting of shareholders
in the afternoon of may 25 2017, shanghai dazhong public utilities (group) co., ltd. held its 2016 general meeting of shareholders at the jimao hotel in shanghai, which 42 of the company’s a and h shareholders as well as authorized representatives attended, representing 690,751,172 shares, or 23.396% of the company’s outstanding stock. the holding and voting of the general meeting conform to the relevant laws and regulations.
the general meeting saw a vote combined of on-site voting and on-line voting, passing several important proposals including the 2016 board of directors report, 2016 supervisory board report, 2016 general manager report, 2016 financial and 2017 budget report, 2016 profit distribution plan, 2017 regular related-party transaction proposal, the election of 10th session of board of directors’ executive members, the election of 10th session of board of directors’ non-executive members, the election of 10th session of board of directors’ independent non-executive members, the election of 10th session of supervisory board’s members, the renewal of 2017 domestic auditor and internal control auditor, the hiring of 2017 offshore auditor, and the amendment of corporate by-laws etc. shanghai jin mao partners’ lawyers li zhiqiang and cui yuan witnessed the progress and issued the legal opinion.
the general meeting was chaired by the company’s chairman my. yang guoping, and attended by the company’s senior management. during the meeting, the management discussed the company’s business status regarding the urban traffic, gas, environmental protection, financial and venture capital sectors, as well as the future plans, with the shareholders. mr. yang guoping said that the year 2017 will be a crucial year for reform and implementation, and the company will fully assess the complex situation and fulfill its duties to ensure the meeting of operation targets.
