OREANDA-NEWS. May 30, 2012. On the morning of May 25th, 2011 annual shareholders conference of STSS was held in the Garden International Hotel. 12 shareholders (representatives), some of the directors, supervisors, officers and witness lawyer presented the meeting.
 
The meeting was chaired by Mr. Li Xiaobo, the chairman of the board of director of the company.
 
Several proposals were voted by open ballot in this meeting. 2011 Annual Work Report of the Board of Directors, 2011 Annual Work Report of the Board of Supervisors, the Proposal for 2011 Profit Distribution, the Proposal for 2012 Overall Budget, the Proposal for 2012 Fixed Asset Budget, the Proposal for 2012 Daily-Operation-Related Business, and the Proposal for Hiring an Auditing Agency in 2012 were reviewed and approved.
 
The 2011 annual work reports of independent directors were listened in the meeting.
 
The witness lawyer stated the legal comment: the convening and procudure of the meeting, the qualifications of the convener and attendees, the voting method and voting procedure all comply with related stipulations in “Company Law”, “Shareholder Meeting Rules” and “Articles of Association of the Company”, the proposals approved in this meeting are legal and in effect.