CAS - China Automotive Systems Inc.

07/28/2021 | Press release | Distributed by Public on 07/28/2021 05:35

Submission of Matters to a Vote of Security Holders (Form 8-K)

Submission of Matters to a Vote of Security Holders

The 2021 annual meeting of stockholders of China Automotive Systems, Inc. (the 'Company') was held on Wednesday, July 28, 2021 at the Second Floor Meeting Room, D8 Henglong Building, Optics Valley Software Park, No. 1 Guanshan First Avenue, Wuhan City, Hubei Province, and the People's Republic of China. Of the 30,851,776 shares of the Company's common stock entitled to vote at the meeting, 21,774,723 shares, or 70.57%, were represented at the meeting in person or by proxy, constituting a quorum. The voting results are presented below.

1. Election of Directors

The Company's shareholders elected the five nominees below to hold office until the 2022 annual meeting of shareholders and until their successors are elected and qualified. Each of the nominees received more than a majority of the votes cast. The votes regarding the election of directors were as follows:

Nominee For

Authority

Withheld

Broker

Non-Votes

Hanlin Chen 19,095,670 183,814 2,495,239
Qizhou Wu 19,095,880 183,604 2,495,239
Guangxun Xu 18,855,445 424,039 2,495,239
Heng Henry Lu 18,953,332 326,152 2,495,239
Tong Kooi Teo 18,934,129 345,355 2,495,239
2. Approval of an advisory (non-binding) proposal concerning the Company's named executive officer compensation program

The approval of an advisory (non-binding) proposal concerning the Company's named executive officer compensation program was ratified and approved by the following votes:

For Against Abstained Broker Non-Vote
19,042,251 210,169 27,064 2,495,239
3. Approval of an advisory (non-binding) vote concerning the frequency of holding future advisory votes on executive compensation

The approval of an advisory (non-binding) vote concerning the frequency of every two years for holding future advisory votes on executive compensation was ratified and approved by the following votes:

For Against Abstained Broker Non-Vote
18,197,795 911,423 170,266 2,495,239
4. Ratification and Approval of the Appointment of Independent Auditor

The appointment of PricewaterhouseCoopers Zhong Tian LLP as the Company's independent auditors for the fiscal year ending December 31, 2021 was ratified and approved by the following votes:

For Against Abstained Broker Non-Vote
21,607,040 154,957 12,726 -