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