China Distance Education Holdings Limited Announces Results of Annual General Meeting of Shareholders

Rhea-AI Summary

China Distance Education Holdings Limited (NYSE: DL) announced the results of its 2020 Annual General Meeting (AGM) held on August 28, 2020. Shareholders approved all proposals including the re-election of Carol Yu and Liankui Hu as class C directors. Additionally, the re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent auditor for the fiscal year ending September 30, 2020, was ratified. This meeting underscores the company's commitment to governance and transparency in the education sector.

Positive

• Shareholders approved all proposals at the 2020 AGM.
• Re-election of directors indicates stable leadership.
• Ratification of Deloitte enhances financial accountability.

Negative

• None.

BEIJING, Aug. 28, 2020 /PRNewswire/ -- China Distance Education Holdings Limited (NYSE: DL) ("CDEL", or the "Company"), a leading provider of online education and value-added services for professionals and corporate clients in China, today announced that it held its 2020 Annual General Meeting of Shareholders ("2020 AGM") on August 28, 2020. Each of the proposals submitted for shareholder approval at the 2020 AGM has been approved. Specifically, the shareholders have passed resolutions approving:

1. Re-election of Carol Yu and Liankui Hu as class C directors of the Company.
2. Approval and ratification of (i) re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the Company's independent auditor for the fiscal year ending September 30, 2020; and (ii) authorization to the board of directors and its audit committee to determine the remuneration of Deloitte Touche Tohmatsu Certified Public Accountants LLP.

About China Distance Education Holdings Limited

China Distance Education Holdings Limited is a leading provider of online education and value-added services for professionals and corporate clients in China. The courses offered by the Company through its websites are designed to help professionals seeking to obtain and maintain professional licenses and to enhance their job skills through our professional development courses in China in the areas of accounting, healthcare, engineering & construction, legal and other industries. The Company also offers online test preparation courses for self-taught learners pursuing higher education diplomas or degrees, and practical accounting training courses for college students and working professionals. In addition, the Company provides business services to corporate clients, including but not limited to tax advisory and accounting outsourcing services. For further information, please visit http://ir.cdeledu.com.

Contacts:

In China:

China Distance Education Holdings Limited
Jiao Jiao
Tel: +86-10-8231-9999 ext. 1826
Email: IR@cdeledu.com

The Piacente Group, Inc.
Xi Zhang
Tel: +86-10-6508-0677
E-mail: dl@tpg-ir.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1 212-481-2050
Email: dl@tpg-ir.com

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SOURCE China Distance Education Holdings Ltd.

FAQ

What were the results of China Distance Education Holdings Limited's 2020 AGM?

All proposals submitted were approved, including the re-election of directors and the re-appointment of auditors.

When was China Distance Education Holdings Limited's 2020 AGM held?

The 2020 AGM was held on August 28, 2020.

Who were re-elected as directors during the 2020 AGM?

Carol Yu and Liankui Hu were re-elected as class C directors.

Which firm was approved as the independent auditor for China Distance Education Holdings Limited?

Deloitte Touche Tohmatsu Certified Public Accountants LLP was re-appointed as the independent auditor.