China Garment Co., Ltd. announced the fourth Board

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Web Quotes | Search cows | Small Fortune all of the Company and the Board members of the contents of this announcement is true, accurate, complete, not false or misleading statements or material omissions. China Garment Co., Ltd.
the twenty-ninth session of the Fourth Board of Directors informed on March 3, 2011 be given in writing and e-mail, the meeting was March 17, 2011 in Beijing. Should go to the director of 9 people, real to 9 people, personally attended by Liang Yong, Pan Zhongxiang, war Yingjie, Feng Dehu, CHEUNG Wai-leung, the money were Po, Sun Rui Zhe, Qi Yu Dong, Yu Shi-Quan, the Supervisory Committee members and senior managers attended the conference meet
meeting chaired by the chairman of Mr. Liang Yong. Meeting and adopted the following resolution:
one passed the
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions, adopted the above motion.
II passed the
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions the above motion.
III passed the
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions the above motion.
four, passed the
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions the above motion.
five passed the
by Beijing Xinghua Certified Public Accountants audit of limited liability company, the parent company net profit -12,091,852.28 2010 yuan, plus undistributed profits -97,324,545.10 per year, for -109,416,397.38 yuan profit distribution to shareholders. Because of its distributable profits to shareholders is negative, the company not to cash distributions during the year, not to equity shares.
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions the above motion.
six, passed the
company reappointment Beijing Xinghua Certified Public Accountants Co., Ltd. for the company in 2011 financial audit institutions.
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions the above motion.
seven, passed the
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions the above motion.
VIII passed the
Board of Directors that: the company has the modern enterprise system and the and gradually establish and improve the internal management structure, and including personnel management, production management, internal audit and other management systems, including the complete internal control system. Internal control system structure is simple and clear interface and orderly; prominent asset security and internal control of core assets; vertical Responsibilities, procedures, standards and deadlines to be completed, with lateral protection, assessment criteria and standards for specific and clear rewards and punishments; strictly mutual supervision, effective control of the company's business risk and financial risk, ensure the safety and integrity of company assets, financial data, true, complete and accurate.
As the company continues to adjust and scale, to expand and improve the internal management requirements, the company will continue to improve the internal control system, standardized operation to strengthen the awareness of scientific decision-making capacity and risk prevention, strengthening of internal oversight mechanisms to promote company healthy, stable and rapid development.
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions, adopted the above motion.
IX, passed the
2011, the Company and related parties associated with various types of daily transactions is expected to total 227 million yuan,chaussure lacoste, as follows:
(1) sales of goods and providing services unit:
(2) procurement of goods or After consideration of receiving services
6 to 6 vote director agreed, 0 votes against and 0 abstentions, adopted the above motion. Company related director Liang Yong, Pan Zhongxiang, Feng Dehu required to avoid a vote.
ten, passed the Having considered the Director
9 by 9 votes to agree, 0 votes against and 0 abstentions the above motion.
November, passed the
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions, adopted the above motion.
second, considered and adopted the
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions the above motion.
XIII passed the
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions the above motion.
fourth, passed the
for business development needs, to support the development of subsidiaries, the Company intends to Foshan City Shunde District, serving Textiles Limited (hereinafter referred to as not more than 25 million yuan credit line to be secured, guaranteed for one year, during the warranty to guarantee the maximum amount of irrevocable agreement shall prevail. Occurs in practice such guarantees, natural Yao Derong, Shunde in the service to provide the corresponding counter-guarantee.
Having considered the nine directors agreed by 9 votes, 0 votes against and 0 abstentions the above motion.
fifth, passed the
for business development needs, to support the development of subsidiaries, the Company intends for the China Textile Import and Export United Co., Ltd. (hereinafter referred to as million line of credit for trade guarantee, warranty period of one year warranty period in order to guarantee the maximum amount of irrevocable agreement shall prevail. The security at the actual time, the spinning together to provide the corresponding counter-guarantee.
The Company holds 42.21% stake in the joint spinning, spinning together in a very dispersed ownership structure, and the proportion of the other shareholders are small to require the other shareholders in the spinning their joint stake in the security operation to provide the corresponding more difficult and not very meaningful, in view of the spinning of the Company for the Union to provide security has been spinning together in a timely manner due repayment can, with a good performance, the Board requested the guarantee in practice occurs, the Union shall provide the appropriate spin counter-guarantee.