LDK Solar CO., Ltd. in provisional liquidation (“LDK Solar”, OTC Pink: LDKYQ) today announced the results of its Extraordinary General Meeting (“EGM”) held on January 22, 2015 in Hong Kong. At the EGM, the shareholders in attendance approved all of the resolutions proposed in the EGM notice, including: the adoption of the 2013 annual report; the confirmation and re-election of directors, Maurice Wai-fung Ngai (independent director), Ceng Wang (independent director) and Shi Chen (non-executive director). The total number of members of the board of directors of LDK Solar remains at seven. KPMG was re-appointed as LDK Solar’s outside auditors for fiscal year 2014. The EGM also approved an amendment to LDK Solar’s memorandum of association to increase its authorized share capital to US$500,000,000.
On the record date set for the EGM, there were an aggregate of 235,523,289 shares of LDK Solar issued and outstanding. An aggregate of 114,678,386 shares were represented in person or by proxy throughout the duration of the EGM, including shares underlying American depositary shares. The adoption of the 2013 annual report was approved by 114,327,671 shares; the confirmation and re-election of Maurice Wai-fung Ngai as an independent director by 114,089,920 shares; the confirmation and re-election of Ceng Wang as an independent director by 114,098,141 shares; the confirmation and re-election of Shi Chen as a non-executive director by 114,071,452 shares; and the re-appointment of KPMG by 114,372,647 shares. The amendment to the memorandum of association was approved by 114,151,178 shares in a special resolution.
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including risks and uncertainties disclosed in LDK Solar’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar’s management as of the date such information was prepared and on its expectations, assumptions, estimates and projections as of such date. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.
Source: LDK Solar/ldksolar.com