Stock Codes: 600801, 900933 Stock Abbreviations: Huaxin Cement, Huaxin B Share Ref: Lin 2010-010
Huaxin Cement Co., Ltd.
Announcement on Resolutions of
the 2010 First Extraordinary Shareholders’ General Meeting
The Board of Directors of the Company and its members guarantee that there is no false or misleading statement or material omission in this announcement and shall be severally and jointly liable for the truthfulness, accuracy and completeness of its contents.
I. Important Notice:
No proposal is added, vetoed or changed during the convening time of the Meeting.
II. Convening of the Meeting
1. Time of the Live Meeting: 9:00 am, June 23, 2010 (Wednesday)
2. Convening place: Meeting Room 4 on the first floor of the Business Centre of the Company in Wuhan, Building No.5, International Enterprise Centre, Special No.1, Guanshan Road 2, Wuhan City, Hubei Province
3. Convening way: on-site voting
4. Convenor: Board of Directors of the Company
5. Presider: Chairman Mr. Chen Musen
6. The calling and convening procedure, qualification of attendants, share registration and voting procedure of the Meeting were in compliance with the stipulations contained in the Company Law, the Rules of Shareholders' General Meeting of Listed Companies and the Articles of Association of the Company.
III. Attendance of the Meeting
10 shareholders (including shareholder proxies) attended the Meeting via on-site voting, representing 262,961,657 voting right shares covering 65.15% of the total shares of the Company. Including: 9 A shareholders (including shareholder proxies), holding 164,418,780 voting right shares, covering 40.74% of the total shares of the Company; 9 B shareholders (including shareholder proxies), holding 98,542,877 voting right shares, covering 24.41% of the total shares of the Company.
IV. Reviewing and voting of the proposals
With the manner of on-site voting, the Meeting reviewed and adopted the following resolution:
Proposal in Respect of Providing Guarantees for Bank Loans of Subsidiaries
(Voting result: Affirmative: 255,446,885 -- 97.14% of the total voting right shares. A shares -- Affirmative: 164,391,080, Abstention: 0, Negatives: 27,700; B shares -- Affirmative: 91,055,805, Abstention: 0, Negative: 7,487,072).
V. Legal opinions issued by the lawyers
1. Name of the Law Firm: Hubei Sunshine Law Firm
2. Names of the lawyers: Peng Bo, Han Jing
3. Conclusion of the opinions: the calling and convening procedures of the Meeting were in compliance with the stipulations contained in the Company Law, the Rules of Shareholders' General Meeting of Listed Companies and the Articles of Association of the Company; qualification of attendants, voting procedure and the voting results of the Meeting were legitimate and valid.
It is herewith announced.
Documents for Inspection:
1. Resolutions of the Meeting;
2. Letter of Legal Opinions;
3. Other documents required by the SSE.
Huaxin Cement Co. Ltd.
Board of Directors
June 24, 2010