BEIJING, Aug. 12 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc. (NYSE: VIT) (“VanceInfo” or the “Company”), an IT service provider and one of the leading offshore software development companies in China, announced that shareholder resolutions adopted at its annual general meeting of shareholders held in Beijing today.
VanceInfo’s shareholders adopted the following resolutions proposed by the Company:
1. Re-election of Mr. Chris Shuning Chen as a Class A director of the
Company;
2. Election of Mr. David Lifeng Chen as a Class A director of the Company;
3. Ratification of the appointment of the Independent Auditor Deloitte
Touche Tohmatsu CPA Ltd. for the fiscal year 2007 at a fee to be agreed
by the directors;
4. Appointment of the Independent Auditor Deloitte Touche Tohmatsu CPA Ltd.
for the fiscal year 2008 at a fee to be agreed by the directors;
5. Ratification of inclusion of financial statements of fiscal year 2007
in the Company’s 2007 annual report; and
6. Authorization of the directors to take any and every action that might
be necessary to effect the foregoing resolutions 1 to 5 as such
director, in his or her absolute discretion, thinks fit.
About VanceInfo
VanceInfo Technologies Inc. is an IT service provider and one of the leading offshore software development companies in China. VanceInfo was the first China software development outsourcer listed on the New York Stock Exchange.
The Company ranked number one among Chinese offshore software development service providers for the North American and European markets as measured by 2007 revenues, according to International Data Corporation, or IDC, a leading independent market research firm.
VanceInfo’s comprehensive range of IT services includes research & development services, enterprise solutions, application development & maintenance, quality assurance & testing, and globalization & localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan, and China, targeting high growth industries such as technology, telecommunications, financial services, manufacturing, retail and distribution.
Safe Harbor
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, should, expects, anticipates, future, intends, plans, believes, estimates, and similar statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Further information regarding these and other risks is included in VanceInfo’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. All information provided in this press release and in the attachments is as of August 12, 2008, and VanceInfo does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
