Item 5.07 Submission of Matters to a Vote of Security Holders
On
Proposal 1. The resolution to amend the Company's Articles of Association: (a) to increase the Company's authorized share capital to permit the issuance of a total of up to 10,000,000,000 (ten billion) ordinary shares of the Company; and (b) to make the Company's Series A Preferred Shares convertible into ordinary shares at a ratio of 100,000 ordinary shares for each Series A Preferred Share was approved by the stockholders by the votes set forth in the table below:
For Against Abstain Broker Non Vote 226,572,904 70,622,620 12,797,068
Proposal 2. The compensation packages recommended by the Compensation Committee and approved by the Board, including compensation for each of the Company's currently serving Directors and C-level officers, as well as for the External Directors was approved by the stockholders by the votes set forth in the table below:
For Against Abstain Broker Non Vote 248,666,107 50,727,371 10,599,114
Proposal 3. The re-election of
For Against Abstain Broker Non Vote 281,071,350 26,587,463 2,333,779
Proposal 4. The reauthorization of the Company's Board of Directors to effect a reverse split of the Company's ordinary shares, such that the Board of Directors may effect a reverse split of the Company's entire share capital share at a ratio within the range from 1-for-2 up to 1-for-500, provided that the Company shall not effect reverse share splits that, in the aggregate, exceed 1-for 500 was approved by the stockholders by the votes set forth in the table below:
For Against Abstain Broker Non Vote 261,232,412 44,435,499 4,324,681
Proposal 5. The appointment of
For Against Abstain Broker Non Vote 291,391,195 12,518,568 6,082,829
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