eFuture Announces Voting Results of Its 2014 Annual General Meeting
31 December 2014 - 12:00AM
eFuture Information Technology Inc. (Nasdaq:EFUT) (the "Company" or
"eFuture"), a leading provider of software and mobile social
shopping network services to China's rapidly growing retail and
consumer goods industries, today announced that all proposals
submitted for shareholder approval were duly approved at its 2014
Annual General Meeting (the "AGM") held on December 26, 2014. The
proposals submitted for shareholder approval at the Meeting were
approved.
At the meeting, a quorum was present, and Adam Yan and John Dai
were re-elected as Class III members of the Board of Directors to
serve a three year terms expiring in 2017 and Grant Thornton China
was re-appointed as the Company's independent registered public
accounting firm for the ensuing year. Please refer to the Appendix
on detailed voting result.
ABOUT EFUTURE INFORMATION TECHNOLOGY INC.
eFuture Information Technology Inc. (Nasdaq:EFUT) is a
leading provider of software and mobile social shopping network
services to China's rapidly growing retail and consumer
goods industries. eFuture's clients include 1,000+ active retailers
with more than 50,000 physical stores across China, which
above 45 companies were ranked among the top 100 chain retailers
during 2013. As a pioneer and proponent of omni-channel and mobile
internet solutions in Asia-pacific, we developed myStore, a mobile
shopping social network, to connect consumers and physical
stores. For more information about eFuture, please
visit http://www.e-future.com.cn.
SAFE HARBOR
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. eFuture may also
make written or oral forward-looking statements in periodic reports
to the Securities and Exchange Commission (the "SEC"), in its
annual report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to second parties. Statements that are not historical
facts, including statements about the Company's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: eFuture's anticipated growth strategies;
eFuture's future business development, results of operations and
financial condition; expected changes in the Company's revenue and
certain cost or expense items; eFuture's ability to attract clients
and leverage its brand; trends and competition in the software
industry; the Company's ability to control expenses and maintain
profit margins; the Company's ability to hire, train and retain
qualified managerial and other employees; the Company's ability to
develop new software and pilot new business models at desirable
locations in a timely and cost-effective manner; the performance of
third parties under contracts with the Company; the expected growth
of the Chinese economy software market in retail and consumer goods
industries; and Chinese governmental policies relating to private
managers and operators of software and applicable tax rates.
Further information regarding these and other risks will be
included in eFuture's annual report on Form 20-F and other
documents filed with the SEC. All information provided in this
press release and in the attachments is as of December 30,
2014, and the Company undertakes no duty to update such information
or any other forward-looking information, except as required under
applicable law.
APPENDIX
At the 2014 Annual Meeting of Shareholders
of eFuture Information Technology Inc. (the
"Company"), held on December 26, 2014, the Company's shareholders
considered two proposals:
A quorum was present at the meeting.
Proposal 1. Nominate Adam
Yan and John Dai for election as Class III members of the Board of
Directors to serve three year terms expiring in 2017or until their
successors are duly elected and qualified.
The results of the voting for Proposal 1 were as follows:
|
For |
Withhold |
Adam Yan |
2,099,992 |
6,132 |
John Dai |
2,098,136 |
7,988 |
Based on the votes set forth above, Adam Yan and John Dai were
duly elected.
Proposal 2. Appoint Grant Thornton China as the
Company's independent registered public accounting firm.
The results of the voting for Proposal 2 were as follows:
For |
Against |
Abstain |
2,099,992 |
4,016 |
2,116 |
Based on the votes set forth above, the appointment of Grant
Thornton China as the Company's independent registered public
accounting firm was approved.
No other matters were considered or voted upon at the
meeting.
CONTACT: Investor Contact:
Troe Wen, Company Secretary
eFuture Information Technology Inc.
+86 10 5293 7699
ir@e-future.com.cn
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