Yongye International Announces 2012 Annual Meeting Results
BEIJING, June 14, 2012
BEIJING, June 14, 2012 /PRNewswire-Asia-FirstCall/ -- Yongye International,
Inc. (NASDAQ: YONG), ("Yongye" or the "Company") a leading developer,
manufacturer, and distributor of crop nutrient products in the People's
Republic of China, held its 2012 Annual Meeting of Shareholders on Friday,
June 8, 2012 at the Company's offices in Hohhot, Inner Mongolia, China.
At the meeting, Yongye shareholders approved the reelection of Zishen Wu
(director since 2008), Nan Xu (director since 2011), Xiaochuan Guo (director
since 2008), Sean Shao (director since 2009), Xindan Li (director since 2009)
and Rijun Zhang (director since 2009) as members of the Board of Directors for
a one-year term expiring at the 2013 annual meeting of shareholders.
Additionally, holders of the Company's Series A preferred shares reappointed
Homer Sun as their designee to the Board of Directors and the Company's
shareholders ratified the appointment of KPMG as the Company's independent
auditors for the fiscal year ending December 31, 2012.
About Yongye International, Inc.
Yongye International, Inc. is a leading crop nutrient company headquartered in
Beijing, with its production facilities located in Hohhot, Inner Mongolia,
China. Yongye's principal product is a liquid crop nutrient, from which the
Company derived substantially all of the sales in 2011. The Company also
produces powder animal nutrient product which is mainly used for dairy cows.
Both products are sold under the trade name "Shengmingsu," which means "life
essential" in Chinese. The Company's patented formula utilizes fulvic acid as
the primary compound base and is combined with various micro and macro
nutrients that are essential for the health of the crops. The Company sells
its products primarily to provincial level distributors, who sell to the
end-users either directly or indirectly through county-level and village-level
distributors. For more information, please visit the Company's website at
Safe Harbor Statement
This press release contains certain statements that may include
"forward-looking statements." All statements other than statements of
historical fact included herein are "forward-looking statements." These
forward-looking statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions, involving
known and unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are reasonable,
they do involve assumptions, risks and uncertainties, and these expectations
may prove to be incorrect. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission and
available on the SEC's website (http://www.sec.gov). All forward-looking
statements attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these risk factors. Other than as
required under the securities laws, the Company does not assume a duty to
update these forward-looking statements.
Yongye International, Inc.
Ms. Kelly Wang
Finance Director – Capital Markets
Ms. Wendy Xuan
Phone: +86-10-8232-8866 x 8827
Mr. John Capodanno (U.S. Contact)
Ms. Mingxia Li (China Contact)
SOURCE Yongye International, Inc.
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