XI'AN, China, Oct. 21, 2015 /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 will hold its 2015 Annual Meeting of Shareholders (the "Annual Meeting") on November 19, 2015 at the Company's principal executive offices located at 16F, China Development Bank Tower, No. 2, Gaoxin 1st Road, Xi'an, Shaanxi, China on Thursday, November 19th, 2015 at 10:00 A.M., local time.
As fully discussed in the definitive proxy statement filed with the Securities and Exchange Commission (the "SEC"), the Annual Meeting will be for the following purposes:
(1) To elect five directors to hold office until the next Annual Meeting of Shareholders and until their successors are elected and qualified; and
(2) To ratify the Audit Committee's selection of the independent registered public accounting firm for the fiscal year ending December 31, 2015; and
(3) To adopt and approve the SkyPeople Fruit Juice, Inc. Omnibus Equity Plan; and
(4) To conduct an advisory vote on the compensation of our named executive officers; and
(5) To conduct an advisory vote on the frequency of future advisory votes on the compensation of our named executive officers; and
(6) To transact such other business as may properly come before the meeting or any adjournment thereof.
Stockholders of record at the close of business on September 21, 2015 are entitled to receive notice and vote at the meeting.
This press release may be deemed to be solicitation material in respect of the annual meeting. In connection with the annual meeting, the Company filed with the Securities and Exchange Commission on October 20, 2015, a definitive proxy statement, which is publicly available, and has mailed such definitive proxy statement to stockholders on or about October 26, 2015. INVESTORS AND STOCKHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT AND OTHER MATERIALS FILED WITH THE SEC IN CONNECTION WITH THE ANNUAL MEETING, AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSALS, THE PERSONS SOLICITING PROXIES IN CONNECTION WITH THE PROPOSALS ON BEHALF OF THE COMPANY, AND THE INTERESTS OF THOSE PERSONS IN THE PROPOSALS AND RELATED MATTERS. Stockholders may access the Company's definitive proxy statement, without charge, at the SEC's website www.sec.gov.
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.