BEIJING, Dec. 31, 2015 /PRNewswire/ -- General Steel
Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a
leading non-state-owned steel producer in China, today announced the results of the
proposals brought before its shareholders at its 2015 annual
general meeting of shareholders, held on December 30, 2015.
General Steel's shareholders took the following actions relating
to the proposals:
- Elected five members to its Board of Directors (Zuosheng Yu, John
Chen, Angela He, Zhongkui Cao
and James Hu) to serve until the
annual meeting of shareholders to be held in 2016 and until their
respective successors are elected and qualified;
- Ratified the appointment of Friedman LLP as the independent
registered public accounting firm of the Company for the fiscal
year ending December 31, 2015;
- Approved and ratified an amendment to the Company's 2008 Equity
Incentive Plan, as amended, to increase the number of shares of the
Company's common stock reserved for issuance thereunder to
2,000,000; and
- Approved, on a non-binding advisory vote basis, the
compensation of the Company's Named Executive Officers.
About General Steel
General Steel Holdings, Inc. is headquartered in Beijing, China and produces a variety of steel
products including rebar and high-speed wire. Through its majority
equity interest in Catalon, the Company also develops and
manufactures De-NOx honeycomb catalysts and industrial
ceramics.
To be added to the General Steel email list to receive Company
news, or to request a hard copy of the Company's Annual Report on
Form 10-K, please send your request to
investor.relations@gshi-steel.com.
Forward-Looking Statements
This press release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on management's
current expectations or beliefs about future events and financial,
political and social trends and assumptions it has made based on
information currently available to it. The Company cannot assure
that any expectations, forecasts or assumptions made by management
in preparing these forward-looking statements will prove accurate,
or that any projections will be realized. Actual results could
differ materially from those projected in the forward-looking
statements as a result of inaccurate assumptions or a number of
risks and uncertainties. These risks and uncertainties are set
forth in the Company's filings under the Securities Act of 1933 and
the Securities Exchange Act of 1934 under "Risk Factors" and
elsewhere, including those disclosed in the Company's most recent
Annual Report on Form 10-K, filed with the United States Securities
and Exchange Commission. Forward-looking statements contained
herein speak only as of the date of this release. The Company does
not undertake any obligation to update or revise publicly any
forward-looking statements, whether to reflect new information,
future events or otherwise.
Contact Us
General Steel Holdings, Inc.
Joyce Sung
Tel: +1-347-534-1435
Email: joyce.sung@gshi-steel.com
Asia Bridge Capital Limited
Carene Toh
Tel: +1-888-957-3362
Email: generalsteel@asiabridgegroup.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/general-steel-announces-shareholder-resolutions-adopted-at-2015-annual-general-meeting-300198185.html
SOURCE General Steel Holdings, Inc.
