NEW HAVEN, Conn., March 29, 2011 /PRNewswire/ -- USChina Channel LLC announced today:
On March 11, 2011, Bill Guo, Chairman of Commonwealth Biotechnologies Inc. (“CBI”) filed Form 8-k of SEC, to announce the detail of 2011 Annual Shareholder Vote & Meeting. The vote process is going very well.
We already have shareholders representing over 3 million shares of common stock made the vote. Followings are the interim vote results for the four proposals:
PROPOSAL 001 ELECTION OF DIRECTOR: BILL GUO | |||||
FOR | AGAINST | ABSTAIN | BROKER NONE-VOTES | ||
BENEFICIAL | 366,658 | 21,848 | 0 | ||
REGISTERED | 2,615,693 | 0 | 0 | ||
TOTAL SHARE VOTED | 2,982,351 | 21,848 | 0 | ||
% OF VOTED | 99.27% | 0.72% | 0.00% | ||
% OF OUTSTANDING | 24.66% | 0.18% | 0.00% | ||
PROPOSAL 002 REVISE OF ARTICLE OF CBI & ACCEPT MIN. 1 MEMBER OF DIRECTORS OF BOARD | |||||
FOR | AGAINST | ABSTAIN | BROKER NONE-VOTES | ||
BENEFICIAL | 365,658 | 22,848 | 0 | ||
REGISTERED | 2,615,693 | 0 | 0 | ||
TOTAL SHARE VOTED | 2,981,351 | 22,848 | 0 | ||
% OF VOTED | 99.23% | 0.76% | 0.00% | ||
% OF OUTSTANDING | 24.65% | 0.18% | 0.00% | ||
PROPOSAL 003 REVISE OF BYLAWS OF CBI & ACCEPT MIN. 1 MEMBER OF DIRECTORS OF BOARD | |||||
FOR | AGAINST | ABSTAIN | BROKER NONE-VOTES | ||
BENEFICIAL | 365,658 | 22,848 | 0 | ||
REGISTERED | 2,615,693 | 0 | 0 | ||
TOTAL SHARE VOTED | 2,981,351 | 22,848 | 0 | ||
% OF VOTED | 99.23% | 0.76% | 0.00% | ||
% OF OUTSTANDING | 24.65% | 0.18% | 0.00% | ||
PROPOSAL 004 SALARY & COMPES. OF NEW DIRECTOR WILL BE $1 PER YEAR | |||||
FOR | AGAINST | ABSTAIN | BROKER NONE-VOTES | ||
BENEFICIAL | 388,206 | 300 | 0 | ||
REGISTERED | 2,615,693 | 0 | 0 | ||
TOTAL SHARE VOTED | 3,003,899 | 300 | 0 | ||
