JINAN, China, Nov. 11, 2011 /PRNewswire/ -- Pansoft Company
Limited (NASDAQ: PSOF) ("Pansoft" or the "Company"), a leading ERP
software service provider for the oil and gas industry in
China, today announced that the
Company will reconvene its annual general meeting of stockholders
(the "2010 Annual Meeting") for the fiscal year ended June 30, 2010 on Monday,
November 28, 2011, at 8:00 a.m.
Eastern Standard Time (EST), by web conference.
As previously announced in a press release dated June 22, 2011, the Company held and adjourned the
2010 Annual Meeting on June 30, 2011
in order to provide additional time to amend its Annual Report on
Form 20-F in response to certain comments from the U.S. Securities
and Exchange Commission in a routine review of the Annual Report.
The Company has successfully completed the review process and filed
Amendment No. 1 to the Form 20-F on October
26, 2011.
If you have previously voted your shares during the pendency of
the adjourned meeting, these votes will be counted at the 2010
Annual Meeting unless you change your votes by following the
procedure set forth in the proxy materials and other information
previously distributed to you (the "Information Circular").
If you have not voted your shares during the pendency of the
adjourned meeting, we encourage you to vote by following the
instructions set forth in the Information Circular.
The date, time and website of the 2010 Annual Meeting are as
follows:
Date: Monday, November 28,
2011
Time: 8:00 a.m. EST
The internet access information for the meeting is as
follows:
www.virtualshareholdermeeting.com/pansoft11
The following proposals will be voted at the meeting:
- To re-elect Mr. Hugh Wang and
Mr. Guoqiang Lin as Class-III
directors of the Board serving for a term of three years expiring
on June 30, 2014;
- To approve the amendment of the 2008 Stock Incentive Plan of
the Company (the "Plan");
- To approve the approximate 50% increase of the option
pool;
- To appoint Crowe Horwath (HK)
CPA Limited as the Company's independent registered public
accounting firm for the fiscal year ending June 30, 2012; and
- To transact such other business as may properly come before the
annual general meeting and any adjournment thereof.
Important
Notice Regarding the Availability
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of Proxy and
Information Materials
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for the
Stockholder Meeting to be Held on November 28,
2011:
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The Annual
Report on Form 20-F and any amendment thereto, and
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The Amended
and Restated 2008 Stock Incentive Plan
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are
available at: www.pansoft.com
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The Board of Directors has declared the close of business on
May 20, 2011 as the record date for
determining the stockholders entitled to notice of and to vote at
the 2010 Annual Meeting and any adjournment thereof. The
Information Circular and other documents for the 2010 Annual
Meeting have been previously delivered to the shareholders by mail.
The Company has also sent a separate notice to the
shareholders, including a copy of this press release, regarding the
new 2010 Annual Meeting date. These documents are available
at the Company's principal executive offices located at the
following address for five days prior to the Meeting:
3/F Qilu Software Park Building
Jinan Hi-Tech District, Jinan,
Shandong Province
People's Republic of China,
250101
WHETHER OR NOT YOU INTEND TO ATTEND THE WEBCAST FOR THE
ANNUAL MEETING, WE URGE YOU TO MARK, DATE, SIGN AND RETURN THE
ENCLOSED PROXY CARD PROMPTLY OR VOTE VIA THE INTERNET OR TELEPHONE
BY FOLLOWING THE INSTRUCTIONS SET FORTH IN THE PROXY CARD if
you have not done so before our meeting adjournment.
After reading the information circular, please mark,
date, sign and return, as soon as possible, the enclosed proxy card
in the prepaid envelope to ensure that your shares will be
represented. YOUR SHARES CANNOT BE VOTED UNLESS YOU SIGN, DATE AND
RETURN THE ENCLOSED PROXY CARD OR ATTEND THE ANNUAL MEETING WEBCAST
IN PERSON.
Pansoft's executives will provide an investor presentation to
discuss the Company's growth strategy, business outlook and
financial performance. The Company's management and Board members
will answer questions from analysts and investors at the Meeting.
The Company looks forward to speaking with stakeholders at the
Meeting.
About Pansoft Company Limited
Pansoft is a leading enterprise resource planning ("ERP")
software and professional services provider for the oil and gas
industry in China. Its ERP
software offers comprehensive solutions for various business
operations including accounting, order processing, delivery,
invoicing, inventory control, and customer relationship management.
For more information, go to Pansoft's website at
http://www.pansoft.com.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
This press release contains forward-looking statements
concerning Pansoft Company Limited, which include but are not
limited to, statements regarding Pansoft's ability to expand its
service offerings and maintain leadership as a provider of ERP
software and services for the oil and gas industry in China. The actual results may differ
materially depending on a number of risk factors including but not
limited to, the following: general economic and business
conditions, development, shipment and market acceptance of
products, additional competition from existing and new competitors,
changes in technology or product techniques, the Company's ability
to successfully integrate acquisitions, its ability to repurchase
shares, share-repurchase plans, and various other factors beyond
its control. All forward-looking statements are expressly
qualified in their entirety by this Cautionary Statement and the
risk factors detailed in the Company's reports filed with the
Securities and Exchange Commission, including its Annual Report on
Form 20-F, as amended. Pansoft Company Limited undertakes no
duty to revise or update any forward-looking statements to reflect
events or circumstances after the date of this release.
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Company
Contact:
Pansoft Company
Limited
Allen Zhang, Chief
Financial Officer
Phone:
+86-531-8887-1159
E-mail:
allen.zhang@pansoft.com
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Investor
Contact:
CCG Investor
Relations
Mr. John Harmon, CFA, Sr.
Account Manager
Phone: +86-10-6561-6886
Ext. 807 (Beijing)
E-mail:
john.harmon@ccgir.com
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SOURCE Pansoft Company Limited