Jerash Holdings Announces Results of 2021 Annual Meeting of Stockholders

Rhea-AI Summary

Jerash Holdings (NASDAQ:JRSH) held its annual stockholder meeting on September 15, 2021, where all proposed items were approved. This includes the election of five directors: Sam Choi, Kitty Yang, Ibrahim Saif, Bill Korn, and Mak Chi Yan, who will serve one-year terms until the 2022 annual meeting. Additionally, stockholders ratified Friedman LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2022. The company, known for manufacturing and exporting outerwear for major global brands, employs around 5,000 people.

Positive

• All proposed items at the annual stockholder meeting were approved.
• Election of five directors for one-year terms enhances board stability.
• Ratification of Friedman LLP as independent auditors signals financial oversight.

Negative

• None.

FAIRFIELD, NJ / ACCESSWIRE / September 16, 2021 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sports and outerwear for leading global brands, today announced the results of its annual meeting of stockholders, held on September 15, 2021.

Items submitted for stockholder approval were approved and adopted, including:

• Election of five nominated directors, Sam Choi, Kitty Yang, Ibrahim Saif, Bill Korn and Mak Chi Yan. All directors will serve one-year terms through the Company's 2022 annual meeting of stockholders.
• Ratification of Friedman LLP as the Company's independent registered public accounting firm for its fiscal year ending March 31, 2022.

About Jerash Holdings (US), Inc.

Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sports and outerwear for leading global brands and retailers, including Walmart, Costco, New Balance, G-III (which owns brands such as Calvin Klein, Tommy Hilfiger, DKNY, and Guess), American Eagle, and VF Corporation (which owns brands such as The North Face, Timberland, and JanSport). Jerash's existing production facilities comprise six factory units, and four warehouses, and Jerash currently employs approximately 5,000 people. The total annual capacity at its facilities was approximately 12.0 million pieces as of June 30, 2021. Additional information is available at www.jerashholdings.com.

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Contact:

PondelWilkinson Inc.
Judy Lin Sfetcu or Roger Pondel
310-279-5980
jsfetcu@pondel.com

SOURCE: Jerash Holdings (US), Inc.

View source version on accesswire.com:
https://www.accesswire.com/664235/Jerash-Holdings-Announces-Results-of-2021-Annual-Meeting-of-Stockholders

FAQ

What were the results of Jerash Holdings' annual meeting on September 15, 2021?

The annual meeting resulted in the approval of all items submitted, including the election of five directors and the ratification of Friedman LLP as the independent auditors.

Who were the directors elected at Jerash Holdings' annual meeting?

The elected directors are Sam Choi, Kitty Yang, Ibrahim Saif, Bill Korn, and Mak Chi Yan.

What is the significance of the independent auditor ratification for Jerash Holdings?

The ratification of Friedman LLP ensures that Jerash Holdings will have proper financial oversight for the fiscal year ending March 31, 2022.

How many employees does Jerash Holdings have?

Jerash Holdings currently employs approximately 5,000 people.

What is Jerash Holdings known for?

Jerash Holdings manufactures and exports custom and ready-made sports and outerwear for leading global brands.