[ET Net News Agency, 30 May 2019] TANSH Global Food Group Co., Ltd (03666) said the
company received a letter from Value Boost Limited (Value Boost), a shareholder holding
not less than 10% of the paid up capital of the company, requested for an extraordinary
general meeting of the company to be held for the purpose of considering and passing a
resolution to remove Zhu Xiaoxia as a director of the company and from any position in any
of the board committees of the company.
Value Boost is a registered shareholder of the company holding 221.32 million shares
(representing 10% of the total issued share capital of the company) and a beneficial owner
of 557.45 million shares (representing 25.18% of the total issued share capital of the
company), representing a total of 35.19% of the total issued share capital of the company.
It is wholly-owned by Alpadis Trust (HK) Limited, who is a professional trustee of a
discretionary family trust established by Wang Huimin on 27 August 2011. Wang Huimin is
the founder of the group, the chair and an executive director of the company.
According to article 58 of the company's articles of association, any one or more
members of the company holding at the date of deposit of the requisition not less than
one-tenth of the paid up capital of the company carrying the right of voting at general
meetings of the company shall at all times have the right, by written requisition to the
board or the secretary of the company, to require an extraordinary general meeting to be
called by the board for the transaction of any business specified in such requisition; and
such meeting shall be held within two months after the deposit of such requisition.
Accordingly, the board has resolved to convene an extraordinary general meeting for the
purpose of considering and, if thought fit, passing the resolution to remove Zhu Xiaoxia
as a director the company and from any position in any of the board committees of the
company. (RC)