SHANGHAI, Nov. 17, 2015 /PRNewswire/ — Acorn International, Inc. (NYSE: ATV) (“Acorn” or the “Company”), a marketing and branding company in China engaged in developing, promoting and selling products through extensive direct and distribution networks, today announced that, at the annual general meeting of shareholders held in Shanghai on November 17, 2015, Acorn shareholders voted for the proposals to
- re-elect Mr. William Liang as a director of the Company;
- remove Ms. Lynda Lau as a director of the Company;
- ratify the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the Acorn’s independent registered public accounting firm for the fiscal year ending December 31, 2015; and
- amend the Company’s articles of association to declassify the board of directors and provide that each director will be subject to retirement and reelection at each annual general meeting of the Company.
As a result, effective as of November 17, 2015, Ms. Lynda Lau is no longer a director of the Company.
About Acorn International, Inc.
Acorn is a marketing and branding company in China, operating multiple direct sales platforms and a nationwide distribution network. Acorn’s direct sales platforms include outbound telemarketing centers, e-commerce websites, and catalogs. Acorn has built a proven track record of developing, promoting and selling proprietary-branded products, as well as products from established third parties.