SHANDONG MOLONG PETROLEUM MACHINERY COMPANY LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities 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.
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(A Sino-foreign joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 568) POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 26 JUNE 2015
The Board is pleased to announce that the AGM was duly held on 26 June 2015 during which all the proposed resolutions were duly passed by the Shareholders by way of poll.
The AGM was duly held on Friday, 26 June 2015 at the conference room on the 3rd Floor, 999 Wensheng Street, Shouguang City, Shandong Province, the People's Republic of China (the "PRC"). All the proposed resolutions set out in the notices to the AGM were duly passed by the Shareholders.
Reference is made to the circular of the Company dated 8 May 2015 (the "Circular") and the announcement of the Company dated 10 June 2015 (the "Announcement"). Unless otherwise indicated, capitalised terms used herein shall have the same meaning as those defined in the Circular and the Announcement.
The resolutions set out in the notices to the AGM were determined by poll and the results in respect of such resolutions are as follows:
Ordinary Resolutions | Number of votes | |||
Ordinary Resolutions | For | Against | Abstain | |
1 | To consider and approve the annual report of the Company and its summary for the year ended 31 December 2014 | H Shares: 5,851,017 Shares A Shares: 327,026,000 Shares Total: 332,877,017 Shares (100%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) |
2 | To consider and approve the report of the board ("Board")of directors of the Company (the ''Directors'') for the year ended 31 December 2014 | H Shares: 5,851,017 Shares A Shares: 327,026,000 Shares Total: 332,877,017 Shares (100%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) |
3 | To consider and approve the report of the supervisory committee of the Company for the year ended 31 December 2014 | H Shares: 5,851,017 Shares A Shares: 327,026,000 Shares Total: 332,877,017 Shares (100%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) |
4 | To consider and, if thought fit, approve the consolidated audited financial statements of the Company prepared in accordance with the ''Accounting Standards for Business Enterprises'' and | H Shares: 5,851,017 Shares A Shares: 327,026,000 Shares Total: 332,877,017 Shares (100%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) |
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other related regulations issued by the Ministry of Finance of the PRC and the report of ShineWing Certified Public Accountants Ltd., the auditors of the Company for the year ended 31 December 2014. | ||||
5. | To consider and, if thought fit, approve the re-appointment of ShineWing Certified Public Accountants Ltd., (Special General Partner) as the Company's auditor for the year ending 31 December 2015 and to authorise the Board to determine their remuneration. | H Shares: 5,146,287 Shares A Shares: 327,026,000 Shares Total: 332,172,287 Shares (99.79%) | H Shares: 704,730Shares A Shares: 0 Shares Total: 704,730Shares (0.21%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) |
6. | To consider and approve the application to the PRC banks (which shall be independent third parties) for integrated banking credit line of not exceeding RMB 6.2 billion in the year of 2015, and to authorize any executive Director to execute all facilities agreements, financing agreements and other relevant documents in relation to such integrated banking credit facilities and make such amendments as he deems fit and appropriate and to do all such acts and things as he shall deem necessary or appropriate in connection with or to carry out the actions contemplated by such resolutions. | H Shares: 5,851,017 Shares A Shares: 327,026,000 Shares Total: 332,877,017 Shares (100%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) |
7. | To consider, and if thought fit, to approve to not recommend the payment of final dividend for the year ended 31 December 2014. | H Shares: 5,668,061Shares A Shares: 327,026,000 Shares Total: 332,694,061 Shares (100%) | H Shares: 0 Shares A Shares: 0 Shares Total: 0 Shares (0%) | H Shares:182,956 Shares A Shares: 0 Shares Total: 182,956 Shares (0.05%) |
8. | To consider, and if thought fit, to approve the resolution of provision of guarantee in the total amount of RMB 200 million and RMB 200 million for Shouguang Baolong Petroleum Equipment Co., Ltd and MPM International Limited, non-wholly owned subsidiary of the Company, in relation to its application for integrated banking credit facilities for general working capital purpose. | H Shares: 4,090,730Shares A Shares: 327,026,000Shares Total: 331,116,730 Shares (99.47%) | H Shares: 1,577,331Shares A Shares: 0 Shares Total: 1,577,331 Shares (0.48%) | H Shares: 182,956 Shares A Shares: 0 Shares Total: 182,956 Shares (0.05%) |
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There were 256,126,400 H Shares (being the total number of issued H Shares) and 541,722,000 Domestic Shares (being the total number of issued Domestic Shares) entitling the holders to attend and vote for the above resolutions, respectively.
There were no Shares entitling the holders to attend and vote only against any of the above resolutions proposed at the AGM.
As more than 50% of the votes attaching to Shares held by the Shareholders present and voting in person or by proxy at the AGM were cast in favor of each of the above resolutions, all of the above resolutions were duly passed as resolutions.
Shinewing Certified P ublic Accountants Ltd., the Company's auditors, acted as a scrutineer for the vote-taking in respect of the AGM.
By Order of the Board
Shandong Molong Petroleum Machinery Company Limited Zhang En RongChairman
Shandong, the PRC
26 June 2015
As at the date of this announcement, the executive Directors of the Company are Mr. Zhang En Rong, Mr. Lin Fu Long, Mr. Zhang Yun San and Mr.Guo Huan Ran; the non-executive Directors are Mr. Xiao Qing Zhou and Mr. Guo Hong Li; and the independent non-executive Directors are Mr. John Paul Cameron, Ms Wang Chun Hua and Mr.Qin Xue Chang.
* For identification purpose only
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