China XD Plastics Announces Outcome of 2009 Annual General Meeting
December 04 2009 - 7:00AM
PR Newswire (US)
HARBIN, China, Dec. 4 /PRNewswire-Asia-FirstCall/ -- China XD
Plastics Company Ltd. ("China XD Plastics" or the "Company"),
(NASDAQ:CXDC), the largest Chinese manufacturer engaged in the
development, manufacture, and distribution of modified plastics
primarily for use in the automotive applications in China, today
announced that the Company's shareholders adopted all the
resolutions proposed by management at the 2009 annual shareholders
meeting held in New York City on December 1, 2009 The following
three proposals were approved by the Company's shareholders at the
2009 annual shareholders meeting: 1. Elected seven directors to
serve until the 2010 Annual Meeting of Stockholders and until their
respective successors are elected and qualify from among the
following nominees: Mr. Jie Han, Mr. Taylor Zhang, Mr. Qingwei Ma,
Mr. Lawrence Leighton, Mr. Cosimo Patti, Mr. Linyuan Zhai, and Mr.
Yong Jin. 2. Ratified the selection of Moore Stephens HK as its
independent auditor for 2009. 3. Approved the 2009 Stock Option /
Stock Issuance Plan. About China XD Plastics Company Ltd. China XD
Plastics Company Ltd., through its wholly owned subsidiary Harbin
Xinda Macromolecule Material ("Xinda"), develops, manufactures, and
distributes modified plastics, primarily for automotive
applications. The Company's specialized plastics are used in the
exterior and interior trim and in the functional components of more
than 30 automobile brands manufactured in China including Audi, Red
Flag, Volkswagen and Mazda. The Company's wholly- owned research
institute is dedicated to the research and development of modified
plastics, and benefits from the cooperation with well-known
scientists from prestigious universities in China. As of the end of
September 30, 2009, 137 products that Xinda manufactured have been
certified for use by one or more of the automobile manufacturers in
China. For more information please visit http://www.chinaxd.net/ .
Safe Harbor Statement This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement are
forward-looking statements, including but not limited to, the
Company's ability to increase the number of certifications; the
Company's ability to introduce new product applications for
automobiles; the effectiveness, profitability, and the
marketability of its products; the Company's ability to
successfully expand its production capacity; the company's ability
to protect its proprietary information; general economic and
business conditions; the volatility of the company's operating
results and financial condition; the company's ability to attract
or retain qualified senior management personnel and research and
development staff; and other risks detailed in the company's
filings with the Securities and Exchange Commission and available
on its website at http://www.sec.gov/ . These forward- looking
statements involve known and unknown risks and uncertainties and
are based on current expectations, assumptions, estimates and
projections about the companies and the industry. The company
undertakes no obligation to update forward-looking statements to
reflect subsequent occurring events or circumstances, or to changes
in its expectations, except as may be required by law. Although the
company believes that the expectations expressed in these forward
looking statements are reasonable, they cannot assure you that
their expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results. For more information, please contact: China XD
Plastics Company Ltd. Mr. Taylor Zhang, CFO Tel: +1-212-747-1118
(New York) Mr. Allan Lao, IR Director Tel: +86-451-8434-6600
(China) Email: CCG Investor Relations Inc. Mr. Crocker Coulson,
President Tel: +1-646-213-1915 (New York) Mr. Ed Job, CFA Tel:
+1-646-213-1914 (New York) Email: Web: http://www.ccgirasia.com/
DATASOURCE: China XD Plastics Company Ltd. CONTACT: Taylor Zhang,
CFO, +1-212-747-1118 (New York), or Allan Lao, IR Director,
+86-451-8434-6600 (China), both of China XD Plastics Company Ltd.,
; or Crocker Coulson, President, +1-646-213-1915 (New York) or Ed
Job, CFA, +1-646-213-1914 (New York), , both of CCG Investor
Relations Inc. Web site: http://www.chinaxd.net/
http://www.ccgirasia.com/
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