China XD Plastics Company Ltd. (NASDAQ: CXDC) has announced that all of the resolutions which were proposed by the management at the 2009 annual shareholders meeting received approval from the company's shareholders. The meeting was held on December 1, 2009 in New York City.
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At the meeting the company elected seven directors to serve until the 2010 Annual Meeting of Stockholders. The shareholders ratified the selection of Moore Stephens HK as their independent auditor for 2009. The company also agreed upon the 2009 Stock Option/ stock Issuance plan.
About China XD Plastics Company Ltd.
China XD Plastics Company Ltd., through its wholly owned subsidiary Harbin Xinda Macromolecule Material ("Xinda"), develops, manufactures, and distributes modified plastics, primarily for automotive applications. The Company's specialized plastics are used in the exterior and interior trim and in the functional components of more than 30 automobile brands manufactured in China including Audi, Red Flag, Volkswagen and Mazda.
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