LDK Solar Announces Annual General Meeting Results

Sep 08, 2011, 03:15 ET from LDK Solar Co., Ltd.

XINYU CITY, China, and SUNNYVALE, Calif., Sept. 8, 2011 /PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar"; NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic products, today announced the results of its Annual General Meeting (AGM) held on September 8, 2011 at the Company's office in Hong Kong.

At this year's AGM, shareholders approved all of the resolutions proposed in the AGM notice, including the adoption of the 2010 annual report, the re-election of class I directors Liangbao Zhu and Yonggang Shao and the ratification and the re-election of class I director Maurice Wai-fung Ngai as an independent director.  The total number of members of the board of directors remains at seven.  KPMG was reappointed as the Company's outside auditors for the fiscal year 2011.  

There were an aggregate of 82,750,727 shares represented in person or by proxy throughout the duration of the AGM, including shares underlying American depositary shares. The adoption of the 2010 annual report was approved by 81,330,350 shares; the re-election of Liangbao Zhu was approved by 80,849,989 shares; the re-election of Yonggang Shao was approved by 80,823,610 shares; the ratification and re-election of Maurice Wai-fung Ngai was approved by 80,940,629 shares; and the re-appointment of KPMG was approved by 81,506,080 shares.

"We are pleased that our shareholders demonstrated continued support to our board of directors.  We remain committed to our efforts to increase shareholder value," stated Xiaofeng Peng, Chairman and CEO.

About LDK Solar (NYSE: LDK)

LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's headquarters and principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its operating activities, the effectiveness, profitability and marketability of its products, the future trading of its securities, the ability of LDK Solar to operate as a public company, the period of time during which its current liquidity will enable LDK Solar to fund its operations, its ability to protect its proprietary information, the general economic and business environment and conditions, the volatility of LDK Solar's operating results and financial condition, its ability to attract and retain qualified senior management personnel and research and development staff, its ability to timely and efficiently complete its ongoing projects, and other risks and uncertainties disclosed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date hereof and on its current expectations, assumptions, estimates and projections about LDK Solar and the PV industry. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.

SOURCE LDK Solar Co., Ltd.