Yue Da Holdings Limited (“Yue Da Holdings” or the “Company”, Stock Code: 629) is pleased to announce that the Extraordinary General Meeting (“EGM” or the “Meeting”) was convened in Hong Kong today, at which all resolutions were reviewed and duly passed.
 
The Meeting was a relevant meeting held in respect of the acquisition of mining in Yunnan Province, the PRC and interests in mining and exploitation rights as previously published in the circular heading “Very substantial acquisition: Acquisition of interests in mining and exploitation rights in PRC involving issue of convertible bonds, promissory notes, and continuing connected transactions” of Yue Da Holdings. Three agreements were passed at the Meeting, namely Share Transfer Agreement, Supply Agreement and Composite Services Agreement.
 
As at 21 June 2006, the number of shares in issue of Yue Da Holdings is 201.23 million. The chairman of the Meeting proposed at the Meeting to pass the resolutions by poll which were published in the Notice of EGM dated 5 June 2006. Shareholders are not subject to any restriction on the proposed resolutions when the poll vote was taken. All resolutions were passed by shareholders.
 
“Since its listing, Yue Da Holdings has been winning the support of investors. The resolutions proposed at the EGM were passed smoothly, indicating that all parties are confident to the Company’s business operation and future prospect. The Company strives to enhancing the transparency of corporate governance, attaching importance to the market and investors’ opinions and strengthening the relationship with local and international investors. Meanwhile, by capturing market opportunities and exploring new profit source, Yue Da Holdings will continue to bring a favourable investment return for shareholders.” Mr. Dong Li Young, the chairman of the Company said after the Meeting.