{"id":333,"date":"2018-06-22T14:26:23","date_gmt":"2018-06-22T06:26:23","guid":{"rendered":"http:\/\/ww1.idwuhan.com\/?p=333"},"modified":"2019-07-26T16:14:49","modified_gmt":"2019-07-26T08:14:49","slug":"apology-postponement-of-conversion-to-holding-company-structure-and-removal-from-the-agenda-of-the-annual-general-meeting-of-shareholders","status":"publish","type":"post","link":"https:\/\/www.idwuhan.com\/?p=333","title":{"rendered":"Apology: Postponement of Conversion to Holding-company Structure and Removal from the Agenda of the Annual General Meeting of Shareholders"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p> Information Development (&#8220;ID&#8221;, &#8220;the Company&#8221;) has postponed its plan to switch to aholding-company structure, originally planned for October 1, 2018. The Company apologizes unreservedly to shareholders and all related parties for their great trouble as may arise from this matter.<\/p>\n\n\n\n<p>\tAs such, the vote on the transition to a holding-company structure, which was included in the agenda sent in the invitation to today\u2019s 2018 Annual General Meeting of Shareholders, was struck from the agenda, after the invitations\n were sent out. For this erroras well, the Company apologizes sincerely \nto the shareholders for the greatanxiety and confusion this removal may cause.<\/p>\n\n\n\n<p>\tThe reason for the decision of ID to postpone the transition to a holding-company structure is that the Company does not currently fulfill one of the conditions established in law regarding the drafting of the incorporation-type company split plan necessary for the purpose of the transition. Namely, whereas\n the Companies Act requiresthat a company with a board of directors \nappoint at least three directors, theCompany lists only two directors in\n the incorporation- type company split plan.<\/p>\n\n\n\n<p>\tAfter consultation with the chairman, the Company has received opinions and questions from shareholders regarding the removal of the third and fourth agenda items originally scheduled for deliberation at today\u2019s 2018 Annual General Meeting of Shareholders. Three shareholders offered their opinions and questions regarding procedures and measures to prevent recurrence of problems of this nature. The chairman responded, and the chairman\u2019s response was approved by a majority of shareholders.<\/p>\n\n\n\n<p>\tGoing\n forward, the Companywill make thoroughgoing efforts to prevent the \nrecurrence of such problems, sothat shareholders never again have to \nsuffer such inconvenience.<\/p>\n\n\n\n<p>\tWhen\n thenecessary preparations have been made, the Company will notify the \nshareholdersof the updated schedule for transition to a holding-company \nstructure. TheCompany extends its deepest appreciation and gratitude for\n shareholders\u2019understanding and continuing support.<\/p>\n\n\n\n<p style=\"text-align:right\"> End of document<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><img decoding=\"async\" loading=\"lazy\" width=\"87\" height=\"91\" src=\"http:\/\/www.idwuhan.com\/wp-content\/uploads\/2019\/06\/20180712082104214.png\" alt=\"\" class=\"wp-image-1612\"\/><figcaption>June 22, 2018<\/figcaption><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Information Development (&#8220;ID&#8221;, &#8220;the C [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[4],"_links":{"self":[{"href":"https:\/\/www.idwuhan.com\/index.php?rest_route=\/wp\/v2\/posts\/333"}],"collection":[{"href":"https:\/\/www.idwuhan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.idwuhan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.idwuhan.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.idwuhan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=333"}],"version-history":[{"count":6,"href":"https:\/\/www.idwuhan.com\/index.php?rest_route=\/wp\/v2\/posts\/333\/revisions"}],"predecessor-version":[{"id":2040,"href":"https:\/\/www.idwuhan.com\/index.php?rest_route=\/wp\/v2\/posts\/333\/revisions\/2040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.idwuhan.com\/index.php?rest_route=\/wp\/v2\/media\/9"}],"wp:attachment":[{"href":"https:\/\/www.idwuhan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.idwuhan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.idwuhan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}