On december 28, 2007, Zhejiang Guangbo Group Stock Co., Ltd. holds the twenty-first meeting of the second board of directors in Hongkong. Eight directors of company attend the meeting, as well as company supervisors and senior executives. President Wang Liping holds this meeting.
In the meeting, President Wang Liping reports various awaiting issues and adopts the following resolutions by all consent after the full discussion with the directors. 1. Nominate Wang Liping, Yang Feimeng, Wu Youguang, Wang Jumping, Hu Zhiming, Dai Guoping these six people as the non-independent director candidates of the third board of directors. Nominate Hu Qichang, Li Ruoshan, Mei Zhicheng as the candidates of independent director candidates of the third board of directors. 2. Pass the proposal on continuously using partial idle collected capital to supplement circulationg capital. According to the need of management, it agrees the company to continuously using no more than 80 million yuan of idle collected capital to supplement circulationg capital with the life span less than six months, on the precondition of not affecting the schedule of the collected capital project construction. 3. Pass the security investment internal controlling system of Zhejiang Guangbo Group Stock Co.,Ltd. (draft) 4. Pass the proposal of modifying company’s regulations and modify the content of the 18th item of the company regulations. 5. The meeting deliberates and passes the proposal on holding 2007 the second temporary meeting of stockholders. It decides to hold 2007 the second temporary meeting of stockholders on December 18, 2007.
Meanwhile, representatives go to Guangbo Asia (Hongkong) branch company inspect, having a preliminary discussion of next year’s development of company.
