Sino-Global Announces Results of 2010 Annual General Meeting of Shareholders
BEIJING, Feb. 19 /PRNewswire-Asia/ -- Sino-Global Shipping America, Ltd. (Nasdaq: SINO) ("Sino-Global" or the "Company"), a leading, non-state-owned provider of shipping agency services operating primarily in China, today announced that it has obtained shareholder approval for all the matters submitted for approval at its 2010 annual general meeting held on February 11, 2010.
A total of 2,769,480 shares were represented in person or by proxy at the Company's 2010 annual general meeting, representing a quorum of approximately 91.43% of the Company's outstanding shares. During the meeting, all proposed resolutions were duly passed including:
1. Wang Jing and Zhang Mingwei were elected as the Class III members of
the board of directors, each to serve a term expiring at the annual
meeting of shareholders in 2013 or until his successor is duly
elected and qualified. Mr. Wang received approximately 99.85% of the
votes cast at the meeting. Mr. Zhang received approximately 99.85%
of the votes cast at the meeting.
2. Friedman LLP was appointed as the Company's independent registered
public accounting firm for the fiscal year ending June 30, 2010.
Approximately 99.87% of the votes cast at the meeting were cast for
This item; approximately 0.01% were cast against this item, and
Approximately 0.12% were abstentions.
For more information on Sino-Global's 2010 annual general meeting, please visit the investor relations section of the Company's website at http://www.sino-global.com .
About Sino-Global Shipping America, Ltd.
Registered in the United States in 2001 and operating primarily in mainland China, Sino-Global is a leading, non-state-owned provider of high- quality shipping agency services. With local branches in most of the main Chinese ports and contractual arrangements in all those where it does not have branch offices, Sino-Global is able to offer efficient, high-quality shipping agency services to shipping companies entering Chinese ports. With a subsidiary in Perth, Australia, where it has a contractual relationship with a local shipping agency, Sino-Global provides complete shipping agent services to companies involved in trades between Chinese and Australian ports. Sino- Global also operates a subsidiary in Hong Kong, China, to provide comprehensive shipping agent services to vessels going to and from one of the world's busiest ports.
Sino-Global provides ship owners, operators and charters with comprehensive yet customized shipping agency services including intelligence, planning, real-time analysis and on-the-ground implementation and logistics support. Sino-Global has achieved both ISO9001 and UKAS certifications.
Forward Looking Statements
No statement made in this press release should be interpreted as an offer to purchase any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Any statements contained in this release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties as identified in Sino-Global's filings with the Securities and Exchange Commission. Actual results, events or performance may differ materially. Readers are cautioned not to place undo reliance on these forward- looking statements, which speak only as the date hereof. Sino-Global undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
For investor and media inquiries, please contact:
Ms. Apple Liang
Sino-Global, Beijing
Tel: +86-10-6439-1888
Email: [email protected]
SOURCE Sino-Global Shipping America, Ltd.
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