OREANDA-NEWS. October 20, 2011. China COSCO 2011 Second Extraordinary General Meeting was held in Beijing and Hong Kong via video-teleconference, reported the press-centre of COSCO.

The meeting was presided by Capt. Zhang Liang, Executive Director and President of the Company, and attended by Mr. Kwong Che Keung, independent director, along with members of the Board of Supervisors including Mr. Wu Shuxiong, Mr. Ma Jianhua, Mr. Luo Jiulian, Executive Vice President of the Company Mr. Xu Zunwu, and Mr. Ye Weilong, CFO of the Company Mr. He Jiale and Secretary of the Board Mr. Zhang Yongjian. The meeting also saw the attendance of 17 shareholders and proxies of shareholders.

The Extraordinary General Meeting adopted in the form of ordinary resolution the following proposals: (1) Issuance of US dollar-denominated bonds by China COSCO's overseas subsidiaries and provision of security to the issuers by China COSCO. (2) Nomination of directors of China COSCO's Third Board of Directors, and the appointment of Mr. Ma Zehua as Director of the Company.