Home Inns Announces Results of 2009 Annual General Meeting
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Tue, 03 Nov 2009 22:00:39 GMT |
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Home Inns & Hotels Management Inc. |
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Press Release |
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SHANGHAI, Nov. 3 HomeInns-Meeting
SHANGHAI, Nov. 3 /PRNewswire-Asia/ -- Home Inns & Hotels Management Inc.
(Nasdaq: HMIN), a leading economy hotel chain in China, today announced that
its 2009 annual general meeting of shareholders was held on November 3, 2009.
During the meeting, all of the proposals submitted for shareholder's approval
were approved. Specifically, the shareholders adopted resolutions approving:
1. An amendment to the Company's 2006 Share Incentive Plan, to increase
the award pool by a number equal to 6% of the Company's ordinary shares
outstanding as of November 3, 2009;
2. Certain amendments to the Company's Memorandum and Articles of
Association, primarily for the purpose of providing Home Inns' Board
the authority to approve any future Company repurchases of its own
shares; and
3. The adoption of an Amended and Restated Memorandum and Articles of
Association solely for the purposes of reflecting the amendments to the
Memorandum and Articles of Association adopted by the shareholders at
the meeting, as outlined in item 2 above.
About Home Inns
Home Inns is a leading economy hotel chain in China based on the number of
hotels and hotel rooms, as well as the geographic coverage of the hotel chain.
Since Home Inns commenced operations in 2002, it has become one of the
best-known economy hotel brands in China. Home Inns offers a consistent
product and high-quality services to primarily serve the fast growing
population of value-conscious individual business and leisure travelers who
demand clean, comfortable and convenient lodging. Home Inns' ADSs, each of
which represents two ordinary shares, are currently trading on the NASDAQ
Global Select Market under the symbol "HMIN." For more information about Home
Inns, please visit http://english.homeinns.com .
For investor and media inquiries, please contact:
Ethan Ruan
Home Inns & Hotels Management Inc.
Tel: +86-21-3401-9898 x2004
Email: zjruan@homeinns.com
FD Beijing
Peter Schmidt
Tel: +86-10-8591-1953
Email: peter.schmidt@fd.com
SOURCE Home Inns & Hotels Management Inc.
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