SkyPeople Fruit Juice Announces Results of its Annual Shareholders Meeting
XI'AN, China, Sept. 30, 2013 /PRNewswire/ -- SkyPeople Fruit Juice, Inc. (NASDAQ: SPU) ("SkyPeople" or "the Company"), a producer of fruit juice concentrates, fruit juice beverages and other fruit-related products, today announced that it held its 2013 Annual Meeting of Shareholders (the "Annual Meeting") on September 30, 2013 at the Company's principal executive offices at 10:00 A.M., Xi'an local time as previously announced.
At the Annual Meeting, the Company's shareholders were asked to vote on a proposal to elect seven directors to serve as members of the Board of Directors until the 2014 Annual Meeting of Stockholders or until their successors are elected and qualified. The shareholders elected Messrs. Yongke Xue, Norman Ko, Tao Wang, John W. Smagula, Baosheng Lu, Hongke Xue and Guolin Wang as members of the Board of Directors of the Company by a plurality of the votes cast.
The Company's shareholders also ratified a proposal for the appointment of Paritz & Company, P.A. as the Company's independent registered accounting firm for the fiscal year ending on December 31, 2013.
About SkyPeople Fruit Juice, Inc.
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 99.78% ownership interest in SkyPeople Juice Group Co., Ltd. ("SkyPeople (China)"). SkyPeople (China), together with its operating subsidiaries in China, is engaged in the production and sales of fruit juice concentrates, fruit beverages, and other fruit related products in the PRC and overseas markets. Its fruit juice concentrates are sold to domestic customers and exported directly or via distributors. Fruit juice concentrates are used as a basic ingredient component in the food industry. Its brands, "Hedetang" and "SkyPeople," which are registered trademarks in the PRC, are positioned as high quality, healthy and nutritious end-use juice beverages. For more information, please visit http://www.skypeoplefruitjuice.com.
This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to, the Company's ability to obtain the necessary financing to continue and expand operations, to market its products in new markets and to offer products at competitive pricing, to attract and retain management, and to integrate and maintain technical information and management information systems, political and economic factors in the People's Republic of China, compliance requirement of laws and regulations of the PRC, the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE SkyPeople Fruit Juice, Inc.
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