Hanwei Energy Services Announces Results of Annual General Meeting
VANCOUVER, British Columbia, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Hanwei Energy Services Corp. (TSX: HE) (“Hanwei” or the “Company”), held its Annual General Meeting of Shareholders (the “Meeting”) in Vancouver, British Columbia on September 10, 2019. During the course of the Meeting, all proposed resolutions were approved including the election of directors, the re-appointment of MNP LLP, Chartered Professional Accountants as auditor for the Company and the continuation of the incentive Stock Option Plan of the Company. A total of 67,316,554 shares were voted in person or by proxy at the Meeting, representing 34.66% of the total outstanding common shares.
The shareholders elected Fulai Lang, Joanne Yan, Graham Kwan, Malcolm Clay, and William Paine to serve as directors of the Company. As of the close of the Meeting, the Company’s board is constituted of a majority of independent directors, namely Joanne Yan, Malcolm Clay and William Paine.
The shareholders elected each of the Company’s nominees for director as follows:
| DIRECTOR | VOTES FOR | VOTES WITHHELD | ||
| Fulai Lang | 99.97 | % | 0.03 | % |
| Joanne Yan | 99.98 | % | 0.02 | % |
| Malcolm Clay | 99.96 | % | 0.04 | % |
| Graham Kwan | 99.96 | % | 0.04 | % |
| William Paine | 99.98 | % | 0.02 | % |
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) Xinran (Irene) Mai as Chief Financial Officer, and (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 Malcolm Clay (Chair), William Paine, and Joanne Yan who are each independent directors. The Compensation/Corporate Governance Committee is comprised of William Paine (Chair), Fulai Lang, Joanne Yan, and Malcolm Clay, a majority of whom are independent directors. The Disclosure Committee is comprised of Graham Kwan (Chair), Fulai Lang, and Xinran (Irene) Mai.
About Hanwei Energy Services Corp.
Hanwei Energy Services Corp.’s principal business operations are in two complementary key segments of the oil and gas industry as both an equipment supplier to the industry (as a leading manufacturer of high pressure, fiberglass reinforced plastic (“FRP”) pipe products and associated technologies serving major energy customers in the global energy market) and as oil and gas producer with properties in Alberta and joint venture interests in Manitoba.
For more information, please contact:
Graham Kwan
Executive Vice President, Strategic Development and Corporate Affairs
604-685-2239
Irene Mai
Chief Financial Officer
604-685-2239
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