Item 5.07 Submission of Matters to a Vote of Security Holders.
On December 26, 2021, the Company held its annual shareholders meeting for the
fiscal year ended December 31, 2020 (the "Annual Meeting"). Holders of
35,348,061 shares of the Company's common stock were present in person or by
proxy at the Annual Meeting, representing 55% of the total outstanding shares of
common stock and therefore constituting a quorum of more than one-third of the
shares outstanding and entitled to vote at the Annual Meeting as of the record
date.
The final voting results for the matters submitted to a vote of shareholders at
the meeting are as follows. No broker non-votes were counted for the proposals.
1. A proposal to elect five director nominees to our Board of Directors:
Director's Name Votes For Votes Withheld
Zhilin Li 25,934,289 86,371
Heung Mei Tsui 25,933,285 87,375
Gene Michael Bennett 25,495,265 525,394
Yingwen Zhang 25,436,803 583,857
Baowen Dong 25,484,804 535,856
Pursuant to the foregoing votes, Zhilin Li and Heung Mei Tsui were elected to
serve as our non-independent directors until the date of the annual shareholders
meeting in three years and until their successors are elected and qualified.
Gene Michael Bennett, Yingwen Zhang and Baowen Dong were elected to serve as our
independent directors until the next annual meeting and until their successors
are elected and qualified.
2. A proposal to adopt the Amendment No.2 to the Company's 2010 Long-Term
Incentive Plan:
Votes For Votes Against Abstentions
25,917,951 94,918 7,791
Pursuant to the foregoing votes, the Amendment No. 2 to the Company's 2010
Long-Term Incentive Plan was approved and adopted.
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