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Hanwei Energy Services Announces Results of Annual General Meeting

Aug 30 2013 12:00AM

Marketwire

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VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/30/13 -- Hanwei Energy Services Corp. (TSX: HE) ("Hanwei" or the "Company"), held its Annual General Meeting of Shareholders (the "Meeting") in Vancouver, British Columbia on August 29, 2013. During the course of the Meeting, all proposed resolutions were approved including the election of directors, the re-appointment of MNP LLP, Chartered Accountants as auditor of the Company, and the continuation of the incentive Stock Option Plan of the Company. A total of 22,070,223 shares were voted in person or by proxy at the Meeting.

The shareholders elected each of the Company's nominees for director as follows:

------------------------------------------------ VOTES VOTESDIRECTOR FOR WITHHELD------------------------------------------------Fulai Lang 97.04% 2.96%------------------------------------------------Joanne Yan 97.04% 2.96%------------------------------------------------Malcolm Clay 97.04% 2.96%------------------------------------------------Graham Kwan 97.04% 2.96%------------------------------------------------William Paine 97.04% 2.96%------------------------------------------------Randall Smallbone 97.04% 2.96%------------------------------------------------



As of the close of the Meeting, the Company's board is constituted of a majority of independent directors, namely Joanne Yan, Malcolm Clay, William Paine, and Randall Smallbone.

At the first meeting of the newly constituted Board of Directors held immediately after the Meeting, the following individuals were re-appointed as officers of the Company: (a) Fulai Lang as Chairman of the Board, President and Chief Executive Officer, (b) Yucai (Rick) Huang as Chief Financial Officer, (c) Graham Kwan as Executive Vice President, Strategic Development and Corporate Affairs, and Corporate Secretary.

The Board of Directors also re-appointed Joanne Yan as Lead Director and reconstituted its standing board committees. The Audit Committee is comprised of Randall Smallbone (Chair), Malcolm Clay and Joanne Yan who are each independent directors. The Compensation/Corporate Governance Committee is comprised of Malcolm Clay (Chair), Fulai Lang, Joanne Yan, William Paine and Randall Smallbone, a majority of whom are independent directors. The Disclosure Committee is comprised of Graham Kwan (Chair), Fulai Lang, and Yucai (Rick) Huang.

About Hanwei Energy Services Corp.

Hanwei Energy Services Corp. is a world leader in the manufacturing of high pressure, fiberglass reinforced plastic ("FRP") pipe products, and associated technologies and services, for the international oil and gas and infrastructure industries. Hanwei serves major energy customers in the Chinese and global energy markets.



Contacts:
Hanwei Energy Services Corp.
Graham Kwan, Executive Vice President,
Strategic Development and Corporate Affairs
604-685-2239
gkwan@hanweienergy.com

Hanwei Energy Services Corp.
Yucai (Rick) Huang
Chief Financial Officer
604-685-2239
yhuang@hanweienergy.com
www.hanweienergy.com





Source: Marketwire


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