WH Group Ltd.'s shareholders appointed Hongjian Wan and Xiangjie Ma as executive directors, effective following the conclusion of the annual general meeting held June 4.
Wan and Ma's appointments follow the resignation of executive directors Taixi Zhang and Mu You.
Shareholders of the Hong Kong-based packaged meat retailer also voted in favor of a proposal to give directors a general mandate to repurchase up to 10% of the company's total issued shares.
A proposal to allow directors to authorize a buyback program for additional shares not exceeding 20% of the company's total issued shares also won shareholder approval. According to a same-day release, 6,140,658,255 votes were in favor of the resolution, representing 50.74% of WH Group's total voting rights.
WH Group's shareholders also ratified the appointment of Ernst & Young as the company's auditor until the next annual general meeting.
