LDK Solar: Extraordinary General Meeting Results
XINYU, China and SUNNYVALE, California — LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar", OTC Pink: LDKYQ) announced the results of its Extraordinary General Meeting ("EGM") held on January 22, 2015 in Hong Kong. At the EGM, the shareholders in attendance approved all of the resolutions proposed in the EGM notice, including: the adoption of the 2013 annual report; the confirmation and re-election of directors, Maurice Wai-fung Ngai (independent director), Ceng Wang (independent director) and Shi Chen (non-executive director). The total number of members of the board of directors of LDK Solar remains at seven. KPMG was re-appointed as LDK Solar's outside auditors for fiscal year 2014. The EGM also approved an amendment to LDK Solar's memorandum of association to increase its authorized share capital to US$500,000,000.
On the record date set for the EGM, there were an aggregate of 235,523,289 shares of LDK Solar issued and outstanding. An aggregate of 114,678,386 shares were represented in person or by proxy throughout the duration of the EGM, including shares underlying American depositary shares. The adoption of the 2013 annual report was approved by 114,327,671 shares; the confirmation and re-election of Maurice Wai-fung Ngai as an independent director by 114,089,920 shares; the confirmation and re-election of Ceng Wang as an independent director by 114,098,141 shares; the confirmation and re-election of Shi Chen as a non-executive director by 114,071,452 shares; and the re-appointment of KPMG by 114,372,647 shares. The amendment to the memorandum of association was approved by 114,151,178 shares in a special resolution.
About LDK Solar in provisional liquidation
LDK Solar CO., Ltd. in provisional liquidation is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar, through its operating subsidiaries, manufactures polysilicon, monocrystalline and multicrystalline ingots, wafers, cells, modules, systems, power projects and PV solutions. LDK Solar's principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's subsidiary office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.