SHENZHEN, China, November 19, 2013—Cogo Group, Inc. (NASDAQ: COGO) (“Cogo” or the “Company”), a provider of supply chain financial services and enterprise solutions for the technology industry in China, today announced that all four proposals presented to shareholders at the Company’s Annual General Meeting were approved by shareholders. The following is a list of the proposals that were approved:
1. The election of the five directors named in the proxy statement to the board of directors;
2. The sale and purchase agreement and the related transaction with Brilliant Group Global Limited (“Brilliant Group”);
3. The change in the Company’s name to “Viewtran Group, Inc.”; and
4. The appointment of KPMG as the Company’s independent auditors for the fiscal year ending December 31, 2013.
Additional information about each of the proposals is available in the Company’s proxy statement filed as exhibit 99.1 to the Report of Foreign Private Issuer on Form 6-K filed with the SEC on October 21, 2013.
Safe Harbor Statement:
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include statements about our proposed discussions related to our business or growth strategy such as growth in new business initiatives or potential disposals and acquisitions, all of which are subject to change. Such information is based upon expectations of our management that were reasonable when made, but may prove to be incorrect. All such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. For further descriptions of other risks and uncertainties, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 20-F, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC’s electronic data gathering analysis retrieval system (EDGAR) at www.sec.gov.
For further information:
Investor Relations
www.cogo.com.cn/investorinfo.html
communications@cogo.com.cn
H.K.: +852 2730 1518
U.S.: +1 (646) 291 8998
Fax: +86 755 2674 3522
About Cogo Group, Inc.:
Cogo Group, Inc. (Nasdaq: COGO), is a provider of supply chain financial services and enterprise solutions for the technology industry in China. With its comprehensive understanding of the industry and an extensive range of supply chain financial services, Cogo is uniquely positioned to deliver effective technology and financing solutions to customers. The Company simplifies the acquisition of the latest technologies through flexible, tailored and one-stop services, helping organizations maintain their competitiveness, especially in uncertain economic times.