China Commercial Credit, Inc. (NASDAQ:CCCR) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
On December 29, 2017, China Commercial Credit, Inc. (the “Company”) held its 2017 annual meeting of stockholders (the “Annual Meeting”).The number of shares of common stock entitled to vote at the Annual Meeting was 19,250,915 shares. The number of shares of common stock present or represented by valid proxy at the Annual Meeting was 10,110,411 shares.At the Annual Meeting, the following proposals were voted on:
| 1. | To elect Mr. Mingjie Zhao, Mr. Teck Chuan Yeo, Mr. Weiliang Jie, Ms. Boling Liu, and Mr. Long Yi (the“Director Nominees”) to serve on the Company’s Board of Directors until the 2018 annual meeting of stockholders of the Company; |
| 2. | To ratify the selection of Marcum Bernstein & Pinchuk LLP as the Company’s independent registered public accounting firm for fiscal year ending December 31, 2017 (the “Ratification of Auditors”). |
| 3. |
To approve, by a non-binding vote, the Company’s executive compensation plan (the “Executive Compensation”). |
All Director Nominees were elected as directors, the Ratification of Auditors and the Executive Compensation were both approved. The Company’s inspector of election reported the final votes of the stockholders as follows:
| For | Against | Withheld | Abstain | |
| Election of Directors | ||||
| Mingjie Zhao | 10,109,119 | 1,292 | – | |
| Boling Liu | 10,080,688 | 29,723 | – | |
| Long Yi | 10,109,119 | 1,292 | – | |
| Teck Chuan Yeo | 10,080,688 | 29,723 | – | |
| Weiliang Jie | 10,105,378 | 5,033 | – | |
| Ratification of appointment of independent registered public accounting firm | 10,108,809 | 1,266 | – | |
| Approval of Company’s executive compensation plan | 10,082,397 | 26,370 | – | 1,644 |
About China Commercial Credit, Inc. (NASDAQ:CCCR)
China Commercial Credit, Inc. is engaged in offering financial services in China. The Company’s operations consist of providing direct loans, loan guarantees and financial leasing services to small-to-medium sized businesses (SMEs), farmers and individuals in the city of Wujiang, Jiangsu Province. Its loan and loan guarantee business is conducted through Wujiang Luxiang Rural Microcredit Co., Ltd. Its financial leasing business is conducted through Pride Financial Leasing (Suzhou) Co. Ltd (PFL). It has over three business lines including, lending, guarantee and financial leasing. For its lending and guarantee services, it provides direct loans and guarantee services, to borrowers located within City of Wujiang, Jiangsu Province of China. In its direct loan business, it provides short-term loans to the borrowers and generates interest income. In its guarantee business, it acts as a guarantor to borrowers applying for short-term direct loans with other lenders and generates fee income.
