No. of Recommendations: 2
http://www.hkexnews.hk/listedco/listconews/sehk/2011/1230/LT...

Chaoda held its AGM yesterday and the results are in the link above. Because they haven't released their year-end statements, shareholders could only vote on Directors (Item 3).

The result was the booting out of Chen Jun Hua and the refusal to let the board fix director's remuneration.

Seems it was a reltaively angry AGM result, at least from my experience.

Here is Hua's bio from the last annual report:

Mr. CHEN Jun Hua, aged 43, is also the Vice President of General Affairs of the Group. He is mainly responsible
for assisting the CEO in integrated administrative management of the Group. Mr. Chen received his bachelor degree
in agriculture from the China Agricultural University and master degree in agriculture marketing from the Chinese
Academy of Agricultural Sciences respectively. Mr. Chen has over 20 years of experience in agricultural development
and administrative management. Mr. Chen joined the Group in October 2002 and was appointed as an executive
director of the Group on 17 August 2005. He is also a member of the Remuneration Committee of the Company.


Interestingly, Andy Chan, the company CFO and the man charged along with founder/Chairman/CEO Kwok Ho with insider trading was re-elected as an executive director.

Of course, the real point of interest (and the reason the shares have been suspended) is the audited year-end financial statements, so while an interesting bit of Chaoda news, this partial AGM isn't very meaningful.
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