CPID Holds Shareholders' Meeting
June 3, 2021, CPID held its annual general meeting and shareholders' meeting. The meeting was chaired by Mr. He Xi, the Chairman, Executive Director and President of CPID, and attended by Mr. Wang Xianchun and Mr. Zhou Jie, the Non-Executive Directors, and Mr. Kuang Zhiqiang, Mr. Li Fang and Mr. Qiu Jiachi, the Independent Non-Executive Directors. In accordance with the requirements for pandemic prevention and control, the meeting was held through video broadcasting and shareholders attended the annual general meeting and shareholders' meeting either at the Hong Kong venue or through webcast, respectively.
The annual general meeting approved nine motions such as CPID's audited consolidated financial statements for 2020, the reports of Board of Directors and auditors, the declaration of annual dividend for 2020, the re-election and retirement of directors, the appointment of independent non-executive directors, and the re-appointment of auditors.
The shareholders' meeting approved on a poll four connected transaction contracts including the EPC contract for Shandong Peninsula South #3 Offshore Wind Power Project. The project is of strategic importance to promoting CPID's clean energy development in Shandong Province.
During the Q&A session, Mr. He Xi, Mr. Zhao Yonggang, Vice President of CPID, and Mr. Xu Ji, Deputy Chief Accountant, had a thorough and detailed communication with the participating shareholders and responded to their concerns about dividend payout, company's development strategy, multinational development strategy and issues related to Shandong Peninsula South #3 Offshore Wind Power Project. The communication deepened the independent shareholders' understanding and recognition of CPID’s operation and development strategy, and achieved a good effect.