China Growth Stocks

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Wuyi HK-- Approves Another Dividend and Special Dividend: click here or see bold below:
WUYI INTERNATIONAL PHARMACEUTICAL COMPANY LIMITED

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 1889)
POLL RESULTS OF ANNUAL GENERAL MEETING HELD ON 9 JUNE 2011 AND DIVIDEND PAYMENTS
POLL RESULTS OF ANNUAL GENERAL MEETING
The board of directors (‘‘Board’’) of Wuyi International Pharmaceutical Company Limited (the “Company”) is pleased to announce the poll results in respect of the resolutions proposed at the annual general meeting (the ‘‘AGM’’) of the Company held on 9 June 2011 as follows:
Ordinary Resolution
Number of votes (%)
FOR
AGAINST
1.
To receive and consider the financial statements and the reports of the directors and auditor for the year ended 31 December 2010.
917,567,500 (100.00%)
0 (0.00%)
2.
To declare a final dividend.
917,567,500 (100.00%)
0 (0.00%)
3.
To declare a special dividend.
917,567,500 (100.00%)
0 (0.00%)
4.
(a) To re-elect Mr. Xu Chao Hui as director and authorize the Board to fix his remuneration.
913,070,500 (99.51%)
4,497,000 (0.49%)
(b) To re-elect Mr. Tang Bin as director and authorize the Board to fix his remuneration.
917,567,500 (100.00%)
0 (0.00%)
(c) To re-elect Mr. John Yang Wang as director and authorize the Board to fix his remuneration.
913,070,500 (99.51%)
4,497,000 (0.49%)
5.
To re-appoint CCIF CPA Limited as auditor and authorize the Board to fix their remuneration.
917,567,500 (100.00%)
0 (0.00%)
6A.
To grant a general mandate to the Directors to issue shares not exceeding 20% of the aggregate nominal amount of the issued share capital under the Ordinary Resolution no.6A.
895,824,000 (97.63%)
21,743,500 (2.37%)
6B.
To grant a general mandate to the Directors to repurchase shares not exceeding 10% of the aggregate nominal amount of the issued share capital under the Ordinary Resolution no.6B.
917,567,500 (100.00%)
0 (0.00%)
7.
To extend the general mandate granted to the Directors to issue shares by the addition thereto the shares repurchased by the Company under the Ordinary Resolution no.7.
896,310,500 (97.68%)
21,257,000 (2.32%)
On the basis of the votes set out above, all the above resolutions were duly passed as ordinary resolutions.
As at the date of the AGM, the total number of issued shares in the Company was 1,709,772,500 shares, which was the total number of shares entitling the shareholders to attend and vote for or against the resolutions at the AGM. There were no shares which entitled the holder to attend and vote only against the resolutions at the AGM.
The Company’s Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer at the AGM for the purpose of vote-taking. Mr. Wan Yuk Lun, a representative of CCIF CPA Limited, the auditor of the Company attended the AGM.
Shareholder may refer to the circular dated 19 April 2011 for details of the above resolutions proposed at the AGM. The circular may be viewed and downloaded from the Company’s website at www.wuyi-pharma.com or the designated website of The Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk.
FINAL AND SPECIAL DIVIDEND PAYMENTS
The proposal for the payments of final dividend of HK1.6 cents per share and special dividend of HK8.8 cents per share to the Shareholders was approved at the AGM. It is expected that the final dividend and the special dividend will be paid on 17 June 2011 and 19 August 2011 respectively.
By Order of the Board
Wuyi International Pharmaceutical Company Limited Lin Ou Wen
Chairman
Hong Kong, 9 June 2011
As at the date of this announcement, the Board comprises 3 Executive Directors, namely Mr. Lin Ou Wen (Chairman), Mr. Lin Qing Ping and Mr. Xu Chao Hui, 2 Non-executive Directors, namely Mr. Tang Bin and Mr. John Yang Wang ,and 3 Independent Non-executive Directors, namely, Mr. Liu Jun, Mr. Lam Yat Cheong and Mr. Du Jian.