Global Cord Blood Corporation Announces Results of 2020 Annual General Meeting

Rhea-AI Summary

On December 7, 2020, Global Cord Blood Corporation (NYSE: CO) held its 2020 Annual General Meeting in Hong Kong. Shareholders ratified the re-appointment of KPMG Huazhen LLP as independent auditors for the financial year ending March 31, 2021, and re-elected Ms. Ting Zheng, Dr. Ken Lu, and Mr. Jack Chow as Class B directors until the 2023 annual meeting. GCBC is China's leading provider of cord blood services, offering collection, testing, and storage. The company emphasizes its growth and stability in the cord blood banking sector.

Positive

• Ratification of KPMG Huazhen LLP as independent auditors, ensuring financial oversight.
• Re-election of experienced board members which may enhance governance and strategic direction.

Negative

• None.

HONG KONG, Dec. 7, 2020 /PRNewswire/ -- Global Cord Blood Corporation (NYSE: CO) ("GCBC" or the "Company"), China's leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing, and stem cell storage services, today announced the results of its 2020 Annual General Meeting, which was held on December 7, 2020, in Hong Kong S.A.R., China.

At the Annual General Meeting, shareholders

• ratified the re-appointment of KPMG Huazhen LLP as independent auditors of the Company for the financial year ending March 31, 2021, and authorized any duly formed committee of the directors to fix the remuneration of the independent auditors; and
• re-elected Ms. Ting Zheng, Dr. Ken Lu and Mr. Jack Chow as Class B directors of the Company until the 2023 annual general meeting of the Company or until their respective successors are duly appointed and qualified.

About Global Cord Blood Corporation

Global Cord Blood Corporation is the first and largest umbilical cord blood banking operator in China in terms of geographical coverage and the only cord blood banking operator with multiple licenses. Global Cord Blood Corporation provides cord blood collection, laboratory testing, hematopoietic stem cell processing and stem cell storage services. For more information, please visit the Company's website at:
http://www.globalcordbloodcorp.com.  

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, performance and results of operations, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in statements filed from time to time with the U.S. Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

For more information, please contact:

Global Cord Blood Corporation
Investor Relations Department
Tel: (+852) 3605-8180
Email: ir@globalcordbloodcorp.com

ICR, Inc.
Mr. William Zima
Tel: (+86) 10-6583-7511 (China) or (+1) 646-405-5185 (U.S.)
Email: william.zima@icrinc.com

View original content:http://www.prnewswire.com/news-releases/global-cord-blood-corporation-announces-results-of-2020-annual-general-meeting-301187301.html

SOURCE Global Cord Blood Corporation

FAQ

What were the results of Global Cord Blood Corporation's Annual General Meeting on December 7, 2020?

Shareholders approved the re-appointment of KPMG Huazhen LLP as auditors and re-elected three Class B directors.

Who were re-elected as directors at Global Cord Blood Corporation's AGM?

Ms. Ting Zheng, Dr. Ken Lu, and Mr. Jack Chow were re-elected as Class B directors.

What is the significance of KPMG Huazhen LLP's appointment for Global Cord Blood Corporation?

The re-appointment ensures continued independent oversight of the company's financial practices.

What is Global Cord Blood Corporation known for?

It is the largest provider of cord blood banking services in China, offering collection, processing, and storage.