DEC Ltd. Convened the 2013 EGM to Deliberate and Approve the Proposal to Issue the A Share Convertible Bonds

On 19 December 2013, DEC Ltd. convened the first EGM, the A shares class meeting and the H shares class meeting to consider and approve the proposed issue of A share convertible bonds and to authorize the Board to deal with matters in relation to the proposed issue of A share convertible bonds.


Mr. Si Zefu, Chairman of the company acted as the chairman of the meeting and presided thereat, some of the Directors, supervisors and senior management members of the company and attesting lawyers and scrutineer for the poll attended the meeting. A total of 45 shareholders and authorized proxies holding an aggregate of 1,131,796,240 shares attended the EGM (on-site voting and online voting), all of them accounting for 56.48% of the total number of Shares with voting rights. Among which, 1,005,409,825 shares are held by holders of A shares, representing 50.17% of the total number of shares with voting rights while 126,386,415 shares are held by holders of H shares, representing 6.31% of the total number of shares with voting rights. A total of 42 holders of A shares and authorized proxies holding an aggregate of 1004374885 A shares attended the A shares class meeting (on-site voting and online voting), all of them accounting for 60.36% of the total number of A shares with voting rights. A total of 1 holder of H shares and authorized proxies holding an aggregate of 126386415 H shares attended the H shares class meeting (on-site voting), all of them accounting for 37.17% of the total number of H shares with voting rights. An average votes of 99.9% were cast in favour of the EGM and A share class meeting as well as H shares class meeting, therefore the meeting approved the proposal to issue the A shares convertible bonds.


To further promote the “go global” strategy, whereas realizing the core product technological breakthrough, the total issue of A share convertible bonds shall not exceed RMB 4 Billion. A share convertible bonds will be issued at par with a nominal value of RMB 100 each, the term of which will be six years from the date of issue while the interest rate will be no more than 2%. The proceeds from the proposed issue of A share convertible bonds will be invested in the 7 projects, 3 for overseas EPC and BTG projects and others for research and development capacity promotion projects. The proposal is still subject to the approval of CSRC.

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