On 1st June 2010, COSCO International Holdings Limited held its 2010 Annual General Meeting at the Multi-purpose room on 47/F, COSCO Tower. Mr. Zhang Fusheng, Chairman of the board of COSCO International chaired the meeting. Shareholders cast their votes on all resolutions, including approval of audited financial statements for the year ended 31st December 2009 together with the directors' report and independent auditor's report, declaration of a final dividend of 8.40 HK cents, re-election of directors, re-appointment of auditors, as well as authorisation of the board to determine their respective remunerations. All the resolutions were passed.
Chairman Zhang Fusheng said at the meeting, "Since 2010, the sales volume of every segment of the Group's core shipping services business either remained stable or grew at various extents when compared to the same period of last year. In the era of post-financial crisis, the focus of the world's shipping and ship-building industries has been moving towards Asia, especially China. There will be enormous growth opportunities available for the development of COSCO International's core shipping services business. We will continue to maintain a stable development strategy while considering expanding our shipping services in a comprehensive approach. Our aim is to become a China-based shipping services provider with a global presence and make further contributions to maximise our shareholders' values."