NF Energy Accepts Action by Written Consent of the Stockholders and Changes to the Board of Directors
NF ENERGY SAVING (NFEC)
US:NASDAQ Investor Relations:
nfenergy.com/en
Company Research
Source: GlobeNewswire
SHENYANG, China, Jan. 30, 2019 (GLOBE NEWSWIRE) -- NF Energy Saving Corporation. (NASDAQ:NFEC) ("NF Energy" or the "Company"), a leading energy saving services and solutions provider for China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries, today reported that Mr. Yongquan Bi, an existing director and a substantial stockholder of the Company, together with a group of additional investors whose holdings together constitute a majority of the Company’s voting rights, delivered a written consent (the “Written Consent”) to the Company’s registered office in a process which is consistent with the Company’s governing documents. According to the Written Consent, three members of the Company’s Board of Directors (the “Board”) (i.e., Lihua Wang, Jianxin Wang and Zhuting Liu) will end their service, and a new director, Mr. Ju Li, will be appointed to the Board, so that the reconstituted Board will consist of seven directors (ins
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