SHANGHAI, Nov. 4 /PRNewswire-Asia/ -- Home Inns & Hotels Management Inc. (Nasdaq: HMIN), a leading economy hotel chain in China, today announced that its 2009 annual general meeting of shareholders was held on November 3, 2009. During the meeting, all of the proposals submitted for shareholder's approval were approved. Specifically, the shareholders adopted resolutions approving:
1. An amendment to the Company's 2006 Share Incentive Plan, to increase
the award pool by a number equal to 6% of the Company's ordinary shares
outstanding as of November 3, 2009;
2. Certain amendments to the Company's Memorandum and Articles of
Association, primarily for the purpose of providing Home Inns' Board
the authority to approve any future Company repurchases of its own
shares; and
3. The adoption of an Amended and Restated Memorandum and Articles of
Association solely for the purposes of reflecting the amendments to the
Memorandum and Articles of Association adopted by the shareholders at
the meeting, as outlined in item 2 above.
About Home Inns
Home Inns is a leading economy hotel chain in China based on the number of hotels and hotel rooms, as well as the geographic coverage of the hotel chain. Since Home Inns commenced operations in 2002, it has become one of the
best-known economy hotel brands in China. Home Inns offers a consistent product and high-quality services to primarily serve the fast growing population of value-conscious individual business and leisure travelers who demand clean, comfortable and convenient lodging. Home Inns' ADSs, each of which represents two ordinary shares, are currently trading on the NASDAQ Global Select Market under the symbol "HMIN." For more information about Home Inns, please visit http://english.homeinns.com .
