SkyPeople Fruit Juice, Inc., a producer of fruit juice concentrates, fruit juice beverages and other fruit-related products, today announced that it held its 2016 Annual Meeting of Shareholders (the “Annual Meeting”) on December 29, 2016 at the Company’s principal executive offices located at 16F, China Development Bank Tower, No. 2, Gaoxin 1st Road, Xi’an, Shannxi, China.
A quorum was present at the meeting as required by the Bylaws of the Company (as amended). At the Annual Meeting, the Company’s shareholders approved the following proposals: (1) Elected five (5) directors to hold office until the next Annual Meeting of Shareholders and until their successors are elected and qualified; and (2) Ratified the Audit Committee’s selection of the independent registered public accounting firm for the fiscal year ending December 31, 2016.
SkyPeople Fruit Juice, Inc., a Florida company, through its wholly-owned subsidiary Pacific Industry Holding Group Co., Ltd. (“Pacific”), a Vanuatu company, and SkyPeople Juice International Holding (HK) Ltd., a company organized under the laws of Hong Kong Special Administrative Region of the People’s Republic of China and a wholly owned subsidiary of Pacific, holds 73.42% ownership interest in SkyPeople Juice Group Co., Ltd. (“SkyPeople (China)”) and 100% ownership interest in SkyPeople Foods (China) Co., Ltd. (“SkyPeople Foods China”). SkyPeople (China) and (“SkyPeople Foods China”), together with their operating subsidiaries in China, are engaged in the production and sales of fruit juice concentrates, fruit beverages, and other fruit related products in the PRC and overseas markets.