OREANDA-NEWS. June 14, 2011.  The annual report of Company, income and expenditure statement, annual accounting, dividend distribution, changes in the Charter of " ZMZ " were approved at the annual general meeting of shareholders of "Zawozhsky motorny Zawod" ("ZMZ" is a part of the holding company "Sollers") taken place on June, 7th. In addition the election of members of board of directors and members of a auditing committee of " ZMZ " took place.

The auditing firm - " КSК AUDIT " was approved by the auditor of the Company for 2011.

The meeting made a decision not to pay dividends both as ordinary shares and as preference shares according to the results of 2010. The net profit of the enterprise will be directed to the development of Company.

The shareholder's meeting chose the board of directors in quantity of 9 persons.

 The board of directors is consisting of:

Ishbulatov Roman – the Lawyer of Moscow representation of firm "NСH Advisors, Inc.",
Kaminsky Alexander – the Chief of Economy Department of " UAZ "
Lbov Alexander – the Deputy of the General Director of " Trading house SOLLERS ",
Makov Victor – the Deputy of the General Director on Business Development of "SOLLERS",
Sanin Michael – the Deputy Director on legal matters of "SOLLERS",
Sobolev Nikolay – the Financial Director of "SOLLERS",
Hvesenya Victor – the Director on legal matters of "SOLLERS",
Shvetsov Vadim – the general director of "SOLLERS",
Urasov Sergey – the general director of "UAZ".