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The 2015 Annual General Meeting of Shanghai Feilo Acoustics Co., Ltd. Successfully Held

In the afternoon of June 17, 2016, the 2015 Annual General Meeting of Shanghai Feilo Acoustics Co., Ltd. was held in the banquet hall, 2nd floor of Shanghai Xingguo Hotel’s main building.  

All directors, independent directors, supervisors and 28 representatives of shareholders attended the Meeting, and some senior executives of the Company also attended the Meeting as non-voting delegates.

The President of Feilo Acoustics, Xiaoqing Cai, presided over the Meeting, and presented the 2015 Annual Report of the Board of Directors on behalf of the Board of Directors. The Chairman of the Board of Supervisors, Jun Li, presented the 2015 Annual Report of the Board of Supervisors on behalf of the Board of Supervisors. The General Meeting, after careful deliberation, unanimously adopted the above two reports, as well as the other nine proposals including the 2015 Annual Financial Report, the 2015 Annual Profit Distribution Plan of the Company, Proposal for Reappointing the Accounting Firm and Remuneration,  Proposal for the Amount of Loan Guarantee for Investment Companies Provided by the Company, Proposal for Extending the Validity of Issuing of Euro Bonds Abroad by the Company's Subsidiaries, Proposal for the “Feilo Acoustics’ Restricted Stock Incentive Plan (Draft)” and its Summary, Proposal for the “Measurement and Management Regulations of Feilo Acoustics’ Restricted Stock Incentive Plan", Proposal for Requesting the General Meeting to Authorize the Board to Handle the Company's Incentive Plan and Related Issues, and the 2015 Annual Report of the Company.

Representatives of shareholders spoke about their opinions actively, fully affirmed the achievements of the Company after the acquisition of Shenan Group and Sylvania, expressed their confidence and expectations for the Company’s future development, as well as provided pertinent suggestions. On behalf of the Company, President Xiaoqing Cai, and CEO Shenan Zhuang expressed their gratitude to the representatives of shareholders for their suggestions and opinions, and fully affirmed the Company's restricted stock incentive plan.

Subsequently, voting was conducted via both on-site and internet. All proposals received more than 99.85% votes and were therefore adopted by the Meeting.

The Meeting concluded with enthusiastic applause of all participants.