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May 2020 Emerging Markets Voting Report
Voting report Legal & General Investment Management
No warranty is given and no representation is made regarding the accuracy or completeness of the content of this report, and no liability or responsibility is accepted for the information contained in this report.
Registered Offce: Legal & General Investment Management Limited One Coleman Street London EC2R 5AA
+44 (0) 20 3124 4444
Authorised and Regulated by the Financial Conduct Authority Copyright© Legal & General Investment Management 2020
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
CVC Brasil Operadora e Agencia de Viagens SA
Meeting Date: 05/04/2020 Country: Brazil
Meeting Type: Special
Primary Security ID: P3R154102
Ticker: CVCB3
Primary ISIN: BRCVCBACNOR1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Do You Wish to Adopt Cumulative Voting for
the Election of the Members of the Board of
Directors, Under the Terms of Article 141 of
the Brazilian Corporate Law?
Mgmt
None
For
2.1 Elect Silvio Jose Genesini Junior as
Independent Director
Mgmt For For
2.2 Elect Deli Koki Matsuo as Independent
Director
Mgmt For For
2.3 Elect Cristina Helena Zingaretti Junqueira as
Independent Director
Mgmt For For
2.4 Elect Eduardo Cunha Monnerat Solon de
Pontes as Independent Director
Mgmt For For
2.5 Elect Henrique Teixeira Alvares as
Independent Director
Mgmt For For
2.6 Elect Flavio Uchoa Teles de Menezes as
Independent Director
Mgmt For For
2.7 Elect Igor Xavier Correia Lima as Independent
Director
Mgmt For For
3 In Case Cumulative Voting Is Adopted, Do
You Wish to Equally Distribute Your Votes
Amongst the Nominees below?
Mgmt None For
APPLIES ONLY IF CUMULATIVE VOTING IS
ADOPTED - If You Vote FOR on Item 3, Votes
Will Be Automatically Distributed in Equal %
Amongst The Nominees voted FOR below. If
You Vote AGST, Contact Your Client Service
Rep to Disproportionately Allocate % of Votes
Mgmt
4.1 Percentage of Votes to Be Assigned - Elect
Silvio Jose Genesini Junior as Independent
Director
Mgmt None For
4.2 Percentage of Votes to Be Assigned - Elect
Deli Koki Matsuo as Independent Director
Mgmt None For
4.3 Percentage of Votes to Be Assigned - Elect
Cristina Helena Zingaretti Junqueira as
Independent Director
Mgmt None For
4.4 Percentage of Votes to Be Assigned - Elect
Eduardo Cunha Monnerat Solon de Pontes as
Independent Director
Mgmt None For
4.5 Percentage of Votes to Be Assigned - Elect
Henrique Teixeira Alvares as Independent
Director
Mgmt None For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
CVC Brasil Operadora e Agencia de Viagens SA
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
4.6
Percentage of Votes to Be Assigned - Elect
Flavio Uchoa Teles de Menezes as
Independent Director
Mgmt
None
For
4.7 Percentage of Votes to Be Assigned - Elect
Igor Xavier Correia Lima as Independent
Director
Mgmt None For
5 Elect Silvio Jose Genesini Junior as Board
Chairman and Deli Koki Matsuo as Board
Vice-Chairman
Mgmt For For
6 Approve Classification of Independent
Directors
Mgmt For For
Westports Holdings Berhad
Meeting Date: 05/05/2020 Country: Malaysia
Meeting Type: Annual
Primary Security ID: Y95440106
Ticker: 5246
Primary ISIN: MYL5246OO003
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Directors' Fees and Benefits
Mgmt
For
For
2 Elect Gnanalingam A/L Gunanath Lingam as
Director
Mgmt For For
3 Elect Ibrahim Kamil bin Tan Sri Nik Ahmad
Kamil as Director
Mgmt For For
4 Elect Chan Soo Chee as Director Mgmt For For
5 Elect Shanthi Kandiah as Director Mgmt For For
6 Approve Deloitte PLT as Auditors and
Authorize Board to Fix Their Remuneration
Mgmt For For
7 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For For
Westports Holdings Berhad
Meeting Date: 05/05/2020 Country: Malaysia
Meeting Type: Special
Primary Security ID: Y95440106
Ticker: 5246
Primary ISIN: MYL5246OO003
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Westports Holdings Berhad
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Proposed Acquisition Mgmt For For
Beijing OriginWater Technology Co., Ltd.
Meeting Date: 05/06/2020 Country: China
Meeting Type: Special
Primary Security ID: Y0772Q101
Ticker: 300070
Primary ISIN: CNE100000N95
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve External Provision of Counter
Guarantee (1)
Mgmt
For
For
2 Approve External Provision of Counter
Guarantee (2)
Mgmt For For
3 Approve Early Termination of Guarantee
Provision for Zhangjiajie Bishuiyuan Water
Technology Co., Ltd.
Mgmt For For
4 Approve Early Termination of Guarantee
Provision for Qitai County Bishuiyuan
Industrial Water Treatment Co., Ltd.
Mgmt For For
5 Approve Early Termination of Guarantee
Provision for Pingdingshan Yuyuan Water
Technology Co., Ltd.
Mgmt For For
6 Approve Early Termination of Guarantee
Provision for Shanghe Shangtong Bishui
Environmental Protection Technology Co.,
Ltd.
Mgmt For For
7 Approve Early Termination of Guarantee
Provision for De'an Bishuiyuan Environmental
Protection Technology Co., Ltd.
Mgmt For For
8 Approve Early Termination of Guarantee
Provision for Zhongxing Instrument
(Shenzhen) Co., Ltd. (1)
Mgmt For For
9 Approve Early Termination of Guarantee
Provision for Zhongxing Instrument
(Shenzhen) Co., Ltd. (2)
Mgmt For For
10 Approve Guarantee Provision for Dongfang
Bishuiyuan Water Co., Ltd.
Mgmt For For
11 Approve Guarantee Provision for Dalian
Bishuiyuan Renewable Water Technology Co.,
Ltd.
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing OriginWater Technology Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
12
Approve Guarantee Provision for Dangshan
Qingyuan Environmental Technology Co., Ltd.
Mgmt
For
For
13 Approve Guarantee Provision for Linzhou
Bishuiyuan Water Treatment Co., Ltd.
Mgmt For For
14 Approve Guarantee Provision for Xi'an
Bishuiyuan Environmental Protection
Technology Co., Ltd.
Mgmt For For
15 Approve Guarantee Provision for Beijing
Bitong Taima Water Environmental Treatment
Co., Ltd.
Mgmt For For
Jinke Property Group Co., Ltd.
Meeting Date: 05/06/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y4463Q107
Ticker: 000656
Primary ISIN: CNE000000073
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Remuneration of Chairman of the
Board
Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve Appointment of Financial and
Internal Control Auditor
Mgmt For For
8 Approve Additional Guarantee Provision to
Controlled Subsidiary
Mgmt For For
9 Approve Additional Guarantee Provision Plan Mgmt For For
Tianma Microelectronics Co. Ltd.
Meeting Date: 05/06/2020 Country: China
Meeting Type: Special
Primary Security ID: Y77427105
Ticker: 000050
Primary ISIN: CNE000000HT1
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tianma Microelectronics Co. Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
APPROVE AMENDMENT TO PRIVATE
PLACEMENT OF SHARES
Mgmt
1.1 Approve Target Subscribers and Subscription
Method
Mgmt For For
1.2 Approve Pricing Reference Date, Issue Price
and Pricing Principles
Mgmt For For
1.3 Approve Lock-up Period Mgmt For For
2 Approve Plan for Private Placement of Shares
(Revised)
Mgmt For For
3 Approve Signing of Supplementary Agreement
to the Conditional Share Subscription
Agreement with Hubei Changjiang Tianma
Dingzeng Investment Fund Partnership
Enterprise (Limited Partnership)
Mgmt For For
4 Approve Signing of Supplementary Agreement
to the Conditional Share Subscription
Agreement with Hubei Science and
Technology Investment Group Co., Ltd.
Mgmt For For
China TransInfo Technology Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8310S109
Ticker: 002373
Primary ISIN: CNE100000MJ1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Annual Report and Summary Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve Comprehensive Credit Line Mgmt For For
6 Approve External Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST Item 6 is warranted because the level of guarantee to be provided to some of its
subsidiaries is disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any
justifications in the meeting circular.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China TransInfo Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
APPROVE DAILY RELATED PARTY
TRANSACTIONS PLAN
Mgmt
7.1 Approve Daily Related Party Transactions with
Alibaba (China) Network Technology Co., Ltd.
Mgmt For For
7.2 Approve Daily Related Party Transactions with
Other Related Parties
Mgmt For For
8 Approve to Appoint Auditor Mgmt For For
9 Amend Articles of Association Mgmt For For
10 Approve Use of Funds for Foreign Exchange
Hedging Business
Mgmt For For
11 Approve Use of Funds For Investment and
Wealth Management
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
12 Approve Report of the Board of Supervisors Mgmt For For
GD Power Development Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2685C112
Ticker: 600795
Primary ISIN: CNE000000PC0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Provision for Asset Impairment Mgmt For For
4 Approve Financial Statements and Financial
Budget Report
Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve Report of the Independent Directors Mgmt For For
7 Approve Daily Related Party Transaction Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
8 Approve Appointment of Auditor Mgmt For For
9 Approve Provision of Financing Guarantee
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
GD Power Development Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10
Approve Financing from Financial Institutions
Mgmt
For
For
11 Approve Financing of Company's Unit from
Financial Institutions
Mgmt For For
12 Approve Issuance of Debt Financing
Instruments
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of sufficient disclosure.
13 Approve Amendments to Articles of
Association
Mgmt For For
14 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed bylaw amendments are not considered to adequately
provide for accountability and transparency to shareholders.
15 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed bylaw amendments are not considered to adequately
provide for accountability and transparency to shareholders.
Hengli Petrochemical Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1963X103
Ticker: 600346
Primary ISIN: CNE0000018V0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Remuneration of Directors Mgmt For For
7 Approve to Adjust the Allowance of
Independent Directors
Mgmt For For
8 Approve Daily Related Party Transaction Mgmt For For
9 Approve Foreign Exchange Derivatives
Transaction
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hengli Petrochemical Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10 Approve Entrusted Financial Investment Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
11 Approve Additional Guarantee Provision Plan Mgmt For For
12 Approve Application to Increase the
Comprehensive Credit Lines
Mgmt For For
13 Approve Shareholder Return Plan Mgmt For For
14 Approve Remuneration of Supervisors Mgmt For For
Poly Developments & Holdings Group Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7000Q100
Ticker: 600048
Primary ISIN: CNE000001ND1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Investment Plan Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve Appointment of Auditor Mgmt For For
8 Approve External Guarantees Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of this loan
guarantee request.
9 Approve Loan Application and Guarantees Mgmt For For
10 Approve Related Party Transactions
Mgmt
For
Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted given the proposed related-party transactions
include provisions of financial assistance and guarantees, which may expose the company to disproportionate risks.
11 Approve Issuance of Medium-term Notes Mgmt For For
12 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Sangfor Technologies, Inc.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7496N108
Ticker: 300454
Primary ISIN: CNE1000033T1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Financial Budget Report Mgmt For For
6 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
7 Approve Use of Funds for Cash Management Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
8 Approve to Appoint Auditor Mgmt For For
9 Approve Allowance of Independent Directors Mgmt For For
10 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For For
11 Amend Articles of Association Mgmt For For
12 Approve Company's Eligibility for Private
Placement of Shares
Mgmt For For
APPROVE PLAN FOR PRIVATE PLACEMENT
OF NEW SHARES
Mgmt
13.1 Approve Share Type and Par Value Mgmt For For
13.2 Approve Issue Manner and Issue Time Mgmt For For
13.3 Approve Target Subscribers and Subscription
Method
Mgmt For For
13.4 Approve Pricing Reference Date, Issue Price
and Pricing Basis
Mgmt For For
13.5 Approve Issue Size Mgmt For For
13.6 Approve Lock-up Period Mgmt For For
13.7 Approve Amount and Use of Proceeds Mgmt For For
13.8 Approve Distribution Arrangement of
Undistributed Earnings
Mgmt For For
13.9 Approve Listing Exchange Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Sangfor Technologies, Inc.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
13.10 Approve Resolution Validity Period Mgmt For For
14 Approve Private Placement of Shares Mgmt For For
15 Approve Demonstration Analysis Report in
Connection to Private Placement
Mgmt For For
16 Approve Feasibility Analysis Report on the
Use of Proceeds
Mgmt For For
17 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
18 Approve Establishing a Special Storage
Account for Raised Funds
Mgmt For For
19 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For For
20 Approve Undertakings of Remedial Measures
by the Relevant Parties in Relation to the
Dilution of Current Returns
Mgmt For For
21 Approve Shareholder Return Plan Mgmt For For
22 Approve Authorization of Board to Handle All
Related Matters Regarding Private Placement
of Shares
Mgmt For For
Sansteel MinGuang Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y75035108
Ticker: 002110
Primary ISIN: CNE000001QF9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements and Financial
Budget Report
Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Investment Plan (Draft) Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve Annual Report and Summary Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Sansteel MinGuang Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8
Approve Related Party Transaction with Fujian
Sangang (Group) Co., Ltd. and Its
Subsidiaries
Mgmt
For
For
9 Approve Related Party Transaction with
Associate Company
Mgmt For For
10 Approve Related Party Transaction with Fujian
Metallurgical (Holding) Co., Ltd. and Its
Subsidiaries
Mgmt For For
11 Approve Related Party Transaction with Fujian
San'an Group Co., Ltd. and Its Subsidiaries
Mgmt For For
Shanghai Electric Group Company Limited
Meeting Date: 05/07/2020 Country: China
Meeting Type: Special
Primary Security ID: Y76824104
Ticker: 2727
Primary ISIN: CNE100000437
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
EGM BALLOT FOR HOLDERS OF H SHARES Mgmt
1 Amend Articles of Association
Mgmt
For
For
2 Approve Maximum Outstanding Amount for SH
Provision of External Guarantees
For
Against
Blended Rationale: A vote AGAINST this resolution is warranted since the company may be taking in a disproportionate amount
of risk relative to its ownership stake without compelling justification.
3 Approve Compliance of the Spin-Off and
Listing of Subsidiary on the Science and
Technology Innovation Board with Relevant
Laws and Regulations
SH For For
4 Approve Plan on the Spin-Off and Listing of
Shanghai Electric Wind Power Group Co., Ltd.
on the Science and Technology Innovation
Board
SH For For
5 Approve Proposal of the Spin-Off and Listing
of Shanghai Electric Wind Power Group Co.,
Ltd. on the Science and Technology
Innovation Board by Shanghai Electric
(Revised Version)
SH For For
6 Approve Compliance of Spin-Off and Listing
of Subsidiary on the Science and Technology
Innovation Board Under Certain Provisions
SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai Electric Group Company Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7
Approve Spin-Off and Listing of a Subsidiary
on the Science and Technology Innovation
Board which Benefits the Safeguarding of
Legal Rights and Interests of Shareholders
and Creditors
SH
For
For
8 Approve Ability to Maintain Independence and
Sustainable Operation of the Company
SH For For
9 Approve Affirmation of Capability of Shanghai
Electric Wind Power Group Co., Ltd. to
Implement Regulated Operation
SH For For
10 Approve Explanation of the Completeness of
and Compliance with Statutory Procedures of
the Spin-Off and the Validity of Legal
Documents Submitted
SH For For
11 Approve Analysis on the Objectives,
Commercial Reasonableness, Necessity and
Feasibility of the Spin-Off
SH For For
12 Approve Authorization by the General Meeting
to the Board and Its Authorized Persons to
Deal with Matters Relating to the Spin-Off of
the Company
SH For For
Shanghai Electric Group Company Limited
Meeting Date: 05/07/2020 Country: China
Meeting Type: Special
Primary Security ID: Y76824104
Ticker: 2727
Primary ISIN: CNE100000437
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
EGM BALLOT FOR HOLDERS OF A SHARES Mgmt
1 Amend Articles of Association
Mgmt
For
For
2 Approve Maximum Outstanding Amount for SH
Provision of External Guarantees
For
Against
Blended Rationale: A vote AGAINST this resolution is warranted since the company may be taking in a disproportionate amount
of risk relative to its ownership stake without compelling justification.
3 Approve Compliance of the Spin-Off and
Listing of Subsidiary on the Science and
Technology Innovation Board with Relevant
Laws and Regulations
SH For For
4 Approve Plan on the Spin-Off and Listing of
Shanghai Electric Wind Power Group Co., Ltd.
on the Science and Technology Innovation
Board
SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai Electric Group Company Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
5
Approve Proposal of the Spin-Off and Listing
of Shanghai Electric Wind Power Group Co.,
Ltd. on the Science and Technology
Innovation Board by Shanghai Electric
(Revised Version)
SH
For
For
6 Approve Compliance of Spin-Off and Listing
of Subsidiary on the Science and Technology
Innovation Board Under Certain Provisions
SH For For
7 Approve Spin-Off and Listing of a Subsidiary
on the Science and Technology Innovation
Board which Benefits the Safeguarding of
Legal Rights and Interests of Shareholders
and Creditors
SH For For
8 Approve Ability to Maintain Independence and
Sustainable Operation of the Company
SH For For
9 Approve Affirmation of Capability of Shanghai
Electric Wind Power Group Co., Ltd. to
Implement Regulated Operation
SH For For
10 Approve Explanation of the Completeness of
and Compliance with Statutory Procedures of
the Spin-Off and the Validity of Legal
Documents Submitted
SH For For
11 Approve Analysis on the Objectives,
Commercial Reasonableness, Necessity and
Feasibility of the Spin-Off
SH For For
12 Approve Authorization by the General Meeting
to the Board and Its Authorized Persons to
Deal with Matters Relating to the Spin-Off of
the Company
SH For For
Shanghai Shibei Hi-Tech Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7681P116
Ticker: 900902
Primary ISIN: CNE0000003Y6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF B SHARES
Mgmt
1 Approve Annual Report and Summary Mgmt For For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Report of the Independent Directors Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai Shibei Hi-Tech Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
5
Approve Daily Related Party Transaction
Mgmt
For
For
6 Approve Financial Statements and Financial
Budget Report
Mgmt For For
7 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
8 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
9 Approve External Financing Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of the financial
assistance.
10 Approve Authorization of Chairman of the
Board to Handle All Related Matters
Regarding Land Reserves
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted given the authorization may involve unfair related-party transactions which
might be detrimental to shareholders' interests and no safeguard measures have been provided.
Shanxi Securities Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Special
Primary Security ID: Y7700J109
Ticker: 002500
Primary ISIN: CNE100000WJ0
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Extension of Resolution Validity
Period and Authorization of the Board on
Rights Issue Scheme
Mgmt For For
Shengyi Technology Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Special
Primary Security ID: Y20965102
Ticker: 600183
Primary ISIN: CNE000000XL5
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shengyi Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve the Spin-off of Subsidiaries to be
Listed on the Science and Technology Board
in Compliance with Relevant Laws and
Regulations
Mgmt
For
For
2 Approve to Spin-off the Subsidiary Shengyi
Electronics Co., Ltd. to the Science and
Technology Board Listing Plan
Mgmt For For
3 Approve the Spin-off Plan of the Subsidiary
Shengyi Electronics Co., Ltd. to be Listed on
the Science and Technology Board (Revised
Draft)
Mgmt For For
4 Approve the Spin-off of the Subsidiary's
Listing Complies with the "Several Provisions
on the Pilot Domestic Listing of Subsidiaries
of Listed Companies"
Mgmt For For
5 Approve to Spin-off the Listing of Its
Subsidiaries to the Science and Technology
Board is Conducive to Safeguarding the
Legitimate Rights and Interests of
Shareholders and Creditors
Mgmt For For
6 Approve the Company's Ability to Maintain
Independence and Continuous Operation
Mgmt For For
7 Approve Shengyi Electronics Co., Ltd. has the
Corresponding Standard Operation
Capabilities
Mgmt For For
8 Approve Completeness and Compliance of
Implementation of Legal Proceedings of the
Transactions and Validity of the Submitted
Legal Documents Regarding this Transaction
Mgmt For For
9 Approve the Purpose, Commercial Rationality,
Necessity and Feasibility Analysis of this
Spin-off
Mgmt For For
10 Approve Authorization of the Board and Its
Authorized Persons to Handle All Related
Matters
Mgmt For For
11 Approve Change of Business Scope and
Amend Articles of Association
Mgmt For For
Shenzhen Everwin Precision Technology Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7744V100
Ticker: 300115
Primary ISIN: CNE100000T40
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shenzhen Everwin Precision Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Audited Financial Report Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Allocation of Income and Dividends Mgmt For For
7 Approve Special Report on the Usage of
Previously Raised Funds
Mgmt For For
8 Approve to Appoint Auditor Mgmt For For
9 Approve Application of Bank Credit Lines Mgmt For For
10 Approve Provision of Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to one of the guaranteed
entities is disproportionate to the level of ownership in the said entity. The company has failed to provide any justifications in
the meeting circular.
11 Approve Forward Foreign Exchange
Settlement and Sales
Mgmt For For
12 Approve Amendments to Articles of
Association to Expand Business Scope
Mgmt For For
Shenzhen MTC Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7744S107
Ticker: 002429
Primary ISIN: CNE100000Q50
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shenzhen MTC Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Report on the Deposit and Usage of
Raised Funds
Mgmt
For
For
7 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For For
8 Approve Daily Related Party Transaction Mgmt For For
9 Approve Provision of Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of the guaranteed
entities is disproportionate to the level of ownership in the said entities. The company has failed to provide any justifications in
the meeting circular.
10 Approve to Appoint Auditor Mgmt For For
11 Approve Provision of Guarantee by Controlled SH
Subsidiary
For
For
Tebian Electric Apparatus Stock Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8550D101
Ticker: 600089
Primary ISIN: CNE000000RB8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve Report of the Independent Directors Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Hedging and Forward Foreign
Exchange Transactions
Mgmt For For
9 Approve Related Party Transaction Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tonghua Dongbao Pharmaceutical Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8864T107
Ticker: 600867
Primary ISIN: CNE000000H87
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve Appointment of Financial and
Internal Control Auditor
Mgmt For For
7 Approve 2019 Daily Related Party Transaction
and 2020 Daily Related Party Transactions
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
8.1 Elect Leng Chunsheng as Non-Independent
Director
SH For Against
Blended Rationale: Remuneration Committee: A vote against has been applied because LGIM expects the Committee to
comprise independent directors.
8.2 Elect Li Jiahong as Non-Independent Director SH For For
8.3 Elect Wang Junye as Non-Independent SH
Director
For
Against
Blended Rationale: Audit Committee: A vote against is applied as LGIM expects the Committee to be comprised of independent
directors.
8.4 Elect Zhang Guodong as Non-Independent
Director
SH For For
8.5 Elect Zhang Wenhai as Non-Independent
Director
SH For For
8.6 Elect Chang Xiaohui as Non-Independent
Director
SH For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
9.1 Elect Shi Wei as Independent Director SH For For
9.2 Elect Wang Yanming as Independent Director SH For For
9.3 Elect An Yaren as Independent Director SH For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tonghua Dongbao Pharmaceutical Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10.1 Elect Cheng Jianqiu as Supervisor SH For For
10.2 Elect Cao Fubo as Supervisor
SH For
For
Yifan Pharmaceutical Co., Ltd.
Meeting Date: 05/07/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y98922100
Ticker: 002019
Primary ISIN: CNE000001K65
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Application of Credit Lines and
Guarantee Amount within the Scope of the
Company's Consolidated Statements
Mgmt For For
7 Approve Appointment of Auditor Mgmt For For
8 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
9 Approve Termination of Partial Raised Funds
Investment Project to Supplement Working
Capital
Mgmt For For
10 Approve Use of Own Funds to Invest in
Financial Products
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
11 Approve Foreign Exchange Derivatives
Trading Business
Mgmt For For
APPROVE REPURCHASE CANCELLATION OF
PERFORMANCE SHARES
Mgmt
12.1 Approve Repurchase Cancellation of
Performance Shares (October 2019)
Mgmt For For
12.2 Approve Repurchase Cancellation of
Performance Shares (December 2019)
Mgmt For For
12.3 Approve Repurchase Cancellation of
Performance Shares (February 2020)
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Yifan Pharmaceutical Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
13 Approve Decrease in Registered Capital and
Amend Articles of Association
14 Approve Adjustment to Company's
Organization Structure
Mgmt
Mgmt
For
For
For
For
Bank of Jiangsu Co., Ltd.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0698M101
Ticker: 600919
Primary ISIN: CNE100002G76
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Performance Evaluation Report on
Directors and Senior Management Members
Mgmt For For
4 Approve Performance Evaluation Report on
Supervisors
Mgmt For For
5 Approve Report of the Independent Directors Mgmt For For
6 Approve Financial Statements and Financial
Budget Report
Mgmt For For
7 Approve Profit Distribution Mgmt For For
8 Approve 2019 Related Party Transactions Mgmt For For
APPROVE 2020 RELATED PARTY
TRANSACTIONS
Mgmt
9.1 Approve Related-party Transaction with
Jiangsu International Trust Co., Ltd.
Mgmt For For
9.2 Approve Related-party Transaction with
Huatai Securities Co., Ltd.
Mgmt For For
9.3 Approve Related-party Transaction with Wuxi
Construction Development Investment Co.,
Ltd.
Mgmt For For
9.4 Approve Related-party Transaction with
Suzhou International Development Group Co.,
Ltd.
Mgmt For For
9.5 Approve Related-party Transaction with
Jiangsu Shagang Group Co., Ltd.
Mgmt For For
9.6 Approve Related-party Transaction with
Dongxing Securities Co., Ltd.
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Bank of Jiangsu Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
9.7
Approve Related-party Transaction with Wuxi
Rural Commercial Bank Co., Ltd.
Mgmt
For
For
9.8 Approve Related-party Transaction with
Suzhou Bank Co., Ltd.
Mgmt For For
9.9 Approve Related-party Transaction with
Soochow Securities Co., Ltd
Mgmt For For
9.10 Approve Related-party Transaction with
Huatai Securities (Shanghai) Asset
Management Co., Ltd.
Mgmt For For
9.11 Approve Related-party Transaction with
Dalian Bank Co., Ltd.
Mgmt For For
9.12 Approve Related-party Transaction with
Jiangsu Zijin Rural Commercial Bank Co., Ltd.
Mgmt For For
9.13 Approve Related-party Transaction with Suyin
Financial Leasing Co., Ltd.
Mgmt For For
9.14 Approve Related-party Transaction with
Jiangsu Financial Leasing Co., Ltd
Mgmt For For
9.15 Approve Related-party Transaction with China
Orient Asset Management Co., Ltd.
Mgmt For For
9.16 Approve Related-party Transaction with
Jiangsu Communication Holdings Group
Finance Co., Ltd.
Mgmt For For
9.17 Approve Related-party Transaction with
Jiangsu Communication Holdings Co., Ltd.
Mgmt For For
9.18 Approve Related-party Transaction with Wuxi
Taihu Xincheng Development Group Co., Ltd.
Mgmt For For
9.19 Approve Related-party Transaction with Wuxi
Taihu International Technology Park
Investment Development Co., Ltd.
Mgmt For For
9.20 Approve Related-party Transaction with
Jiangsu Guoxin Group Co., Ltd.
Mgmt For For
9.21 Approve Related-party Transaction with
Jiangsu Rugao Rural Commercial Bank Co.,
Ltd.
Mgmt For For
9.22 Approve Related-party Transaction with
Jiangsu Nantong Rural Commercial Bank Co.,
Ltd.
Mgmt For For
9.23 Approve Related-party Transaction with
Jiangsu Haimen Rural Commercial Bank Co.,
Ltd.
Mgmt For For
9.24 Approve Related-party Transaction with
Jiangsu Ninghu Expressway Co., Ltd.
Mgmt For For
9.25 Approve Related-party Transaction with
Eastern Airport Group Co., Ltd.
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Bank of Jiangsu Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
9.26
Approve Related-party Transaction with China
Life City Development Industrial Investment
Enterprise
Mgmt
For
For
9.27 Approve Related-party Transaction with
Jiangsu Guoxin Co., Ltd.
Mgmt For For
9.28 Approve Related-party Transaction with
Jiangsu Guoxin Group Finance Co., Ltd.
Mgmt For For
9.29 Approve Related-party Transaction with
Jiangsu Railway Group Co., Ltd.
Mgmt For For
9.30 Approve Related-party Transaction with
Jiangsu Zhangjiagang Rural Commercial Bank
Co., Ltd.
Mgmt For For
9.31 Approve Related-party Transaction with
Suzhou Trust Co., Ltd.
Mgmt For For
9.32 Approve Related-party Transaction with Wuxi
Metro Group Co., Ltd.
Mgmt For For
9.33 Approve Related-party Transaction with Wuxi
Sunan International Airport Group Co., Ltd.
Mgmt For For
9.34 Approve Related-party Transaction with
Jiangsu Yixing Rural Commercial Bank Co.,
Ltd.
Mgmt For For
9.35 Approve Related-party Transaction with
Related Natural Persons
Mgmt For For
10 Approve to Appoint Auditor Mgmt For For
11 Approve to Postpone the Election of Board of
Directors
Mgmt For For
12 Approve to Postpone the Election of the
Supervisory Board
Mgmt For For
Beijing Enlight Media Co., Ltd.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0773B103
Ticker: 300251
Primary ISIN: CNE100001617
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing Enlight Media Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary
Mgmt
For
For
6 Approve Appointment of Auditor
Mgmt
For
For
7 Approve Use of Idle Own Funds to Invest in
Financial Products
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
8 Approve Remuneration of Directors Mgmt For For
9 Approve Remuneration of Supervisors Mgmt For For
China West Construction Co., Ltd.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y97252103
Ticker: 002302
Primary ISIN: CNE100000H77
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and Dividends Mgmt For For
6 Approve Special Report on the Usage of
Previously Raised Funds
Mgmt For For
7 Approve Financing from Financial Institutions Mgmt For For
8 Approve Provision of Guarantee Mgmt For For
9 Approve Amendments to Articles of
Association
Mgmt For For
10 Approve Financing Credit from China
Construction Finance Co., Ltd.
Mgmt For For
11 Approve Related Party Transaction Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
GoerTek Inc.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y27360109
Ticker: 002241
Primary ISIN: CNE100000BP1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve Comprehensive Credit Line
Application
Mgmt For For
7 Approve Provision of Internal Insurance and
External Loans
Mgmt For For
8 Approve Financial Derivate Trading Business Mgmt For For
9 Approve to Appoint Auditor Mgmt For For
10 Approve Report on the Deposit and Usage of
Raised Funds
Mgmt For For
11 Approve Employee Share Purchase Plan
(Draft) and Summary
SH For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.Remuneration: A vote against is applied as LGIM expects all incentive
plans to be capped either as a percentage of salary or a fixed number of shares.
12 Approve Methods to Assess the Performance SH
of Plan Participants
For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.Remuneration: A vote against is applied as LGIM expects all incentive
plans to be capped either as a percentage of salary or a fixed number of shares.
13 Approve Authorization of Board to Handle All SH
Related Matters
For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.Remuneration: A vote against is applied as LGIM expects all incentive
plans to be capped either as a percentage of salary or a fixed number of shares.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hubei Biocause Pharmaceutical Co., Ltd.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3746X103
Ticker: 000627
Primary ISIN: CNE000000F48
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution and Capitalization
of Capital Reserves
Mgmt For For
6 Approve Payment of Audit Fees of Financial
Auditor and Internal Control Auditor
Mgmt For For
7 Approve Appointment of Financial Auditor and
Internal Control Auditor
Mgmt For For
8 Approve Report on the Deposit and Usage of
Raised Funds
Mgmt For For
9 Approve Related Party Transaction Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST Item 9 is warranted since the proposed related-party
transactions include financial product investments which may expose the company to unnecessary risks.
Inner Mongolia Yitai Coal Co., Ltd.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y40848106
Ticker: 900948
Primary ISIN: CNE000000SK7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF B SHARES
Mgmt
1 Approve 2019 Financial Report Mgmt For For
2 Approve 2019 Report of the Board of
Directors
Mgmt For For
3 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
4 Approve 2019 Performance Report of the
Independent Directors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Inner Mongolia Yitai Coal Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
5
Approve 2019 Profit Distribution Plan
Mgmt
For
For
6 Approve 2020 Capital Expenditure Mgmt For For
7 Approve Financial Auditors Mgmt For For
8 Approve Internal Control Auditor Mgmt For For
9 Approve Provision of Guarantee for
Commercial Acceptance Bill Financing
Business of Its Certain Holding Subsidiaries
Mgmt For Against
Blended Rationale: A vote AGAINST these resolutions is warranted since the company will be taking in a disproportionate
amount of risk relative to its ownership stake without compelling justification.
10 Approve Provision of Guarantee by the
Company for Its Holding Subsidiaries
Mgmt For Against
Blended Rationale: A vote AGAINST these resolutions is warranted since the company will be taking in a disproportionate
amount of risk relative to its ownership stake without compelling justification.
11 Approve the Entrusted Wealth Management
with Idle Self-Owned Funds
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
12 Approve Remuneration of Directors SH For For
13 Approve Remuneration of Supervisors SH For For
14 Amend Rules and Procedures Regarding
General Meetings of Shareholders
SH For For
15 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for H
Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The H share issuance
limit is greater than 10 percent.- The company has not specified the discount limit.
16 Amend Articles of Association SH For For
ELECT EXECUTIVE DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
17.1 Elect Zhang Jingquan as Director SH For Against
Blended Rationale: Remuneration Committee: A vote against has been applied because LGIM expects the Committee to
comprise independent directors.
17.2 Elect Liu Chunlin as Director SH For Against
Blended Rationale: Remuneration Committee: A vote against has been applied because LGIM expects the Committee to
comprise independent directors.
17.3 Elect Ge Yaoyong as Director SH For For
17.4 Elect Zhang Dongsheng as Director SH
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Inner Mongolia Yitai Coal Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
17.5 Elect Liu Jian as Director SH For Against
Blended Rationale: Future World Protection List: A vote against is applied as the company meets the criteria for inclusion in
LGIM’s Future World Protection List. Companies are incorporated into the List if they fail to meet minimum standards of
globally accepted business practices. This includes: companies involved in the manufacture and production of controversial
weapons; perennial violators of the United Nations Global Compact (UNGC); and pure coal miners.
17.6 Elect Lv Guiliang as Director SH For For
17.7 Elect Lv Junjie as Director
SH For
Against
Blended Rationale: Remuneration Committee: A vote against has been applied because LGIM expects the Committee to comprise independent directors.
ELECT INDEPENDENT NON-EXECUTIVE
DIRECTORS VIA CUMULATIVE VOTING
Mgmt
18.1 Elect Zhang Zhiming as Director SH For For
18.2 Elect Huang Sujian as Director SH For For
18.3 Elect Wong Hin Wing as Director SH For Against
Blended Rationale: Board mandates: A vote against is applied as LGIM expects non-executive directors not to hold too many
external roles to ensure they can undertake their duties effectively.
18.4 Elect Du Yingfen as Director SH For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
19.1 Elect Zhang Zhenjin as Supervisor SH For For
19.2 Elect Liu Xianghua as Supervisor SH For For
19.3 Elect Wang Yongliang as Supervisor SH For For
19.4 Elect Wu Qu as Supervisor SH For For
Inspur Electronic Information Industry Co., Ltd.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y51704107
Ticker: 000977
Primary ISIN: CNE0000012M2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Independent Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Inspur Electronic Information Industry Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
5
Approve Financial Statements
Mgmt
For
For
6 Approve Profit Distribution Mgmt For For
7 Approve Daily Related Party Transactions Mgmt For For
8 Approve Appointment of Auditor and Payment
of Their Remuneration
Mgmt For For
9 Approve Increase Financial Institution
Business-Related Grants
Mgmt For For
10 Approve Handling Transfer of Accounts
Receivable and Non-Recourse Factoring
Business
Mgmt For For
11 Approve Financial Derivative Trading Business Mgmt For For
12 Approve Allowance of Independent Directors Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
13.1 Elect Zhang Lei as Non-Independent Director Mgmt For Against
Blended Rationale: Diversity: A vote against is applied as LGIM expects a company to have a diverse board, including at least
one woman. We expect companies to increase female participation both on the board and in leadership positions over time.
13.2 Elect Peng Zhen as Non-Independent Director Mgmt For Against
Blended Rationale: Audit Committee: A vote against is applied as LGIM expects the Committee to be comprised of independent
directors.
13.3 Elect Yuan Anjun as Non-Independent Mgmt For For Director
13.4 Elect Wu Long as Non-Independent Director Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
14.1 Elect Wang Aiguo as Independent Director Mgmt For For
14.2 Elect Wang Peizhi as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
15.1 Elect Wang Chunsheng as Supervisor Mgmt For For
15.2 Elect Chen Bin as Supervisor Mgmt For For
NanJi E-Commerce Co., Ltd.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y4447Q108
Ticker: 002127
Primary ISIN: CNE100000080
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
NanJi E-Commerce Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Remuneration of Directors and
Supervisors
Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve Annual Report and Summary Mgmt For For
8 Approve Application of Comprehensive Credit
Lines
Mgmt For For
Shanghai M&G Stationery, Inc.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7689W105
Ticker: 603899
Primary ISIN: CNE100001V60
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve 2019 Daily Related Party
Transactions and 2020 Daily Related Party
Transactions
Mgmt For For
7 Approve Financial Budget Report Mgmt For For
8 Approve Remuneration of Directors Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
9 Approve Appointment of Financial Auditor and
Internal Control Auditor
10 Approve Shareholder Return Plan
Mgmt
Mgmt
For
For
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai M&G Stationery, Inc.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
11 Amend Articles of Association Mgmt For For
12 Approve Allowance of Independent Directors
Mgmt
For
For
13 Approve Draft and Summary of Performance
Shares Incentive Plan
Mgmt
For
Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.Additionally, a vote AGAINST is warranted because directors eligible to
receive performance shares under the scheme are involved in the administration of the scheme.
14 Approve Methods to Assess the Performance
of Plan Participants
Mgmt For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.Additionally, a vote AGAINST is warranted because directors eligible to
receive performance shares under the scheme are involved in the administration of the scheme.
15 Approve Authorization of the Board to Handle
All Related Matters
Mgmt For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.Additionally, a vote AGAINST is warranted because directors eligible to
receive performance shares under the scheme are involved in the administration of the scheme.
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
16.1 Elect Chen Huwen as Non-Independent
Director
Mgmt
Mgmt
For
Against
Blended Rationale: Audit Committee: A vote against is applied as LGIM expects the Committee to be comprised of independent
directors.
16.2 Elect Chen Huxiong as Non-Independent
Director
Mgmt For Against
Blended Rationale: Remuneration Committee: A vote against has been applied because LGIM expects the Committee to
comprise independent directors.
16.3 Elect Chen Xueling as Non-Independent Mgmt For For Director
16.4 Elect Fu Chang as Non-Independent Director Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
17.1 Elect Zhang Jingzhong as Independent
Director
Mgmt For For
17.2 Elect Chen Jingfeng as Independent Director Mgmt For For
17.3 Elect Cheng Bo as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai M&G Stationery, Inc.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
18.1 Elect Zhu Yiping as Supervisor Mgmt For For
18.2 Elect Han Lianhua as Supervisor
Mgmt
For
For
Shanghai Tunnel Engineering Co., Ltd.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7692K106
Ticker: 600820
Primary ISIN: CNE000000B83
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements and Financial
Budget Report
Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Appointment of Auditor Mgmt For For
6 Approve Authorization on Continuous Related
Party Transactions
Mgmt For For
7 Approve to Adjust the Allowance of
Independent Directors
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
SINOPEC Engineering (Group) Co., Ltd.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y80359105
Ticker: 2386
Primary ISIN: CNE100001NV2
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
ORDINARY RESOLUTIONS Mgmt
1 Approve 2019 Report of the Board
Mgmt
For
For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
SINOPEC Engineering (Group) Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
3
Approve 2019 Audited Financial Statements
Mgmt
For
For
4 Approve 2019 Final Dividend Distribution Plan Mgmt For For
5 Approve 2020 Interim Profit Distribution Plan Mgmt For For
6 Approve 2020 Business Operation Plan,
Investment Plan and Financial Budget
Mgmt For For
7 Approve BDO China Shu Lun Pan Certified
Public Accountants LLP as Domestic Auditor
and BDO Limited as International Auditor and
Authorize Board to Fix Their Remuneration
Mgmt For For
SPECIAL RESOLUTIONS Mgmt
1 Amend Articles of Association and Authorize
Board to Deal with All Matters in Relation to
the Amendments to the Articles
Mgmt For For
2 Amend Rules and Procedures Regarding
General Meetings of Shareholders and
Authorize Board to Deal with All Matters in
Relation to the Amendments to the Rules and
Procedures for the Shareholders Meetings
Mgmt For For
3 Amend Rules and Procedures Regarding
General Meetings of Board and Authorize
Board to Deal with All Matters in Relation to
the Amendments to the Rules and Procedures
for the Board Meetings
Mgmt For For
4 Approve Grant of General Mandate to the
Board to Repurchase Domestic Shares and/or
H Shares
Mgmt For For
5 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Domestic Shares and/or H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance
limit is greater than 10 percent.- The company has not specified the discount limit.
SINOPEC Engineering (Group) Co., Ltd.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Special
Primary Security ID: Y80359105
Ticker: 2386
Primary ISIN: CNE100001NV2
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
SINOPEC Engineering (Group) Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1 Approve Grant of General Mandate to the
Board to Repurchase Domestic Shares and/or
H Shares
Mgmt For For
Yantai Jereh Oilfield Services Group Co. Ltd.
Meeting Date: 05/08/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9729Z106
Ticker: 002353
Primary ISIN: CNE100000L55
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve to Appoint Auditor Mgmt For For
6 Approve Remuneration of Directors Mgmt For For
7 Approve Remuneration of Supervisors Mgmt For For
8 Approve Credit Line and Provision of
Guarantee
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of this loan
guarantee request.
9 Approve Foreign Exchange Hedging Business Mgmt For For
China National Software & Service Co., Ltd.
Meeting Date: 05/11/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1503P107
Ticker: 600536
Primary ISIN: CNE000001BB0
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Financial Statements Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China National Software & Service Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2 Approve Profit Distribution Mgmt For For
3 Approve to Appoint Auditor
Mgmt
For
For
4 Approve Report of the Independent Directors
Mgmt
For
For
5 Approve Report of the Board of Directors
Mgmt
For
For
6 Approve Report of the Board of Supervisors
Mgmt
For
For
7 Approve Annual Report
Mgmt
For
For
8
9.1
9.2
Approve Amendments to Articles of
Association
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Elect Chen Ximing as Non-Independent
Director
Elect Fu Xingbin as Non-Independent Director
Mgmt
Mgmt
Mgmt
Mgmt
For
For
For
For
For
For
9.3 Elect Sun Yingxin as Non-Independent
Director
9.4 Elect Bai Lifang as Non-Independent Director
Mgmt
Mgmt
For
For
For
For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
10.1 Elect Cui Jin as Independent Director
Mgmt
Mgmt
For
For
10.2 Elect Jing Jiwu as Independent Director
Mgmt
For
For
10.3 Elect Chen Shangyi as Independent Director
Mgmt
For
For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
11.1 Elect Liu Xin as Supervisor
Mgmt
Mgmt
For
For
11.2 Elect Tang Dalong as Supervisor
Mgmt
For
For
EVE Energy Co., Ltd.
Meeting Date: 05/11/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2303F109
Ticker: 300014
Primary ISIN: CNE100000GS4
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Annual Report and Summary Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
EVE Energy Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2
Approve Report of the Board of Directors
Mgmt
For
For
3 Approve Audit Report Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
7 Approve Special Report Usage of Raised
Funds
Mgmt For For
8 Approve Verification Report on the Usage of
Previously Raised Funds
Mgmt For For
9 Approve Assessment Plan and Remuneration
of Directors and Senior Management
Members
Mgmt For For
10 Approve to Appoint Auditor Mgmt For For
11 Approve Related Party Transaction Mgmt For For
12 Approve Repurchase and Cancellation of
Stock Option and Performance Shares
Mgmt For For
13 Amend Articles of Association Mgmt For For
14 Approve Report of the Board of Supervisors Mgmt For For
15 Approve Remuneration of Supervisors Mgmt For For
16 Approve Provision of Guarantee SH For For
Guangdong Haid Group Co., Ltd.
Meeting Date: 05/11/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y29255109
Ticker: 002311
Primary ISIN: CNE100000HP8
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve External Guarantee Mgmt For For
2 Approve Application of Comprehensive Bank
Credit Lines
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted because the proposed borrowing is considered excessive and may add to the
company's financial burden, which is deemed not in the best interests of shareholders.
3 Approve Development of Hedging Business Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guangdong Haid Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
4
Amend Special Reserve and Use Management
System of Raised Funds
Mgmt
For
For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Report of the Board of Directors Mgmt For For
7 Approve Report of the Board of Supervisors Mgmt For For
8 Approve Financial Statements Mgmt For For
9 Approve Profit Distribution Mgmt For For
10 Approve Related Party Transaction Mgmt For For
11 Approve Repurchase Cancellation of
Performance Shares
Mgmt For For
12 Approve Use of Idle Raised Funds and Own
Funds for Cash Management
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks
IRB Brasil Resseguros SA
Meeting Date: 05/11/2020 Country: Brazil
Meeting Type: Special
Primary Security ID: P5876C106
Ticker: IRBR3
Primary ISIN: BRIRBRACNOR4
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Elect Directors Mgmt For For
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.
Meeting Date: 05/11/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y4449E103
Ticker: 002223
Primary ISIN: CNE1000009X3
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
3
Approve Financial Statements and Financial
Budget Report
Mgmt
For
For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve Amendments to Articles of
Association to Expand Business Scope
Mgmt For For
Jiangxi Zhengbang Technology Co., Ltd.
Meeting Date: 05/11/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y4448A102
Ticker: 002157
Primary ISIN: CNE1000006H2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements and Financial
Budget Report
Mgmt For For
4 Approve Profit Distribution and Capitalization
of Capital Reserves
Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Special Report on Usage of
Previously Raised Funds
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve to Adjust the Remuneration
Management System of Directors, Supervisors
and Senior Management Members
Mgmt For For
9 Approve to Adjust the Remuneration of
Directors and Senior Management
Mgmt For For
10 Approve Additional Guarantee Provision Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
11 Approve Transfer Guarantees Between
Subsidiaries
12 Approve Capital Injection
Mgmt
SH
For
For
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Jiangxi Zhengbang Technology Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
13 Approve Loan Application SH For For
OFILM Group Co., Ltd.
Meeting Date: 05/11/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7744T105
Ticker: 002456
Primary ISIN: CNE100000S33
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Internal Control Self-Evaluation
Report
Mgmt For For
6 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
7 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
8 Approve to Appoint Auditor Mgmt For For
9 Approve Credit Line and Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
10 Approve Financial Leasing Business and SH
Provision of Guarantee
For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to the one of the guaranteed
entities is disproportionate to the level of ownership in the said entity. The company has failed to provide any justifications in
the meeting circular.
SG Micro Corp.
Meeting Date: 05/11/2020 Country: China
Meeting Type: Special
Primary Security ID: Y7679C101
Ticker: 300661
Primary ISIN: CNE100002NT4
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
SG Micro Corp.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Company's Eligibility for Issuance of
Shares and Purchase of Asset by Cash
Payment as well as Raising Supporting Funds
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
APPROVE COMPANY'S ISSUANCE OF SHARES
AND PURHCASE OF ASSET BY CASH
PAYMENT AS WELL AS RAISING SUPPORTING
FUNDS
2.1 Approve Overview of this Transaction Plan
Mgmt
Mgmt
For
Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.2 Approve Target Asset and Transaction Parties Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.3 Approve Transaction Price and Consideration
Payment
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.4 Approve Share Type and Par Value Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.5 Approve Issue Manner Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.6 Approve Pricing Reference Date, Pricing Basis
and Issue Price
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.7 Approve Target Subscribers and Subscription
Method
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
SG Micro Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2.8 Approve Number of Shares Issued Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.9 Approve Lock-Up Period Arrangement Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.10 Approve Listing Exchange Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.11 Approve Price Adjustment Mechanism Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.12 Approve Distribution Arrangement of
Undistributed Earnings
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.13 Approve Transitional Profit and Loss Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.14 Approve Performance Commitments and
Compensation Arrangements
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.15 Approve Resolution Validity Period Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.16 Approve Issue Manner and Target Subscribers Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.17 Approve Issue Price and Pricing Basis Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
SG Micro Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2.18 Approve Issue Amount and Number of Shares
Issued
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.19 Approve Lock-Up Period Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.20 Approve Use of Funds and Other
Arrangements
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.21 Approve Listing Location Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
2.22 Approve Resolution Validity Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
3 Approve Draft Report and Summary on
Company's Acquisition by Cash and Issuance
of Shares as well as Raising Supporting Funds
(Revised)
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
4 Approve This Transaction Does Not Constitute
as Related-party Transaction
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
5 Approve Transaction Constitutes as Major
Asset Restructuring
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
6 Approve Transaction Does Not Constitute
Article 13 of the Management Approach
Regarding Major Asset Restructuring of Listed
Companies
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
SG Micro Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7 Approve Transaction Complies with Article 4
of Provisions on Several Issues Regulating the
Major Asset Restructuring of Listed
Companies
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
8 Approve The Main Body of This Transaction Mgmt For Against Does Not Exist Strengthening the Supervision
over Abnormal Stock Trading Related to the
Material Asset Reorganizations of Listed
Companies of Article 13
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
9 Approve Completeness and Compliance of
Implementation of Legal Proceedings of the
Transactions and Validity of the Submitted
Legal Documents Regarding this Transaction
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
10 Approve Stock Price Volatility Does Not Mgmt For Against Achieve the Standards of Article 5 Regulating
the Information Disclosure of Listed
Companies and the Acts of All the Related
Parties
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
11 Approve Signing of Conditional Transaction
Documents
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
12 Approve Signing of Supplementary Agreement
to Asset Purchase Agreement
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
13 Approve Signing of Supplementary Agreement
to Profit Forecast Compensation Agreement
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
SG Micro Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
14 Approve Authorization of the Board to Handle
All Related Matters
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
15 Approve Relevant Audit Report, Asset
Assessment Report and Preparation Review
Report
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
16 Approve Independence of Appraiser, the
Validity of Hypothesis, the Relevance of
Valuation Purpose and Approach as Well as
the Fairness of Pricing
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
17 Approve Basis and Fairness of Pricing for This
Transaction
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
18 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
19 Approve Transaction Complies with Article 11
of the Management Approach Regarding
Major Asset Restructuring of Listed
Companies
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
20 Approve Transaction Complies with Article 43
of the Management Approach Regarding
Major Asset Restructuring of Listed
Companies
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
SG Micro Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
21 Approve Transaction Does Not Exist in the
"Interim Measures for the Administration of
Securities Issuance of Listed Companies on
the Growth Enterprise Market" Explanation of
the Situation in Article 10 Where No Private
Placement of Shares is Required
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST the proposed transaction is warranted given the proposed acquisition, once
approved, will allow the company to issue shares to the transaction counterparties at a deep discount to the market price,
which is deemed not in the best interests of minority shareholders.
Sinolink Securities Co., Ltd.
Meeting Date: 05/11/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8004P106
Ticker: 600109
Primary ISIN: CNE000000SV4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and Dividends Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
APPROVE DAILY RELATED PARTY
TRANSACTIONS
Mgmt
7.1 Approve Related Party Transactions with
Changsha Yongjin (Group) Co., Ltd., Yongjin
Investment Holding Co., Ltd., Yunnan
International Trust Co., Ltd. and the Ultimate
Controlling Shareholder
Mgmt For For
7.2 Approve Related Party Transactions with
National Gold Fund Management Co., Ltd.,
Guojin Yongfu Asset Management Co., Ltd.
and Joint Venture Companies
Mgmt For For
7.3 Approve Related Party Transactions with
Directors, Supervisors, Senior Management
and Related Natural Persons
Mgmt For For
8 Approve Special Report on the Remuneration
of Directors
Mgmt For For
9 Approve Special Report on the Remuneration
of Supervisors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Sinolink Securities Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10 Amend Articles of Association Mgmt For For
TECO Electric & Machinery Co., Ltd.
Meeting Date: 05/11/2020 Country: Taiwan
Meeting Type: Annual
Primary Security ID: Y8563V106
Ticker: 1504
Primary ISIN: TW0001504009
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Business Report and Financial
Statements
Mgmt
For
For
2 Approve Profit Distribution Mgmt For For
3 Amend Procedures for Lending Funds to
Other Parties
Mgmt For For
4 Amend Procedures for Endorsement and
Guarantees
Mgmt For For
5 Approve Amendments to Articles of
Association
Mgmt For For
6 Approve Capital Reduction by Returning Cash
to Shareholders
SH Against Against
Tongkun Group Co., Ltd.
Meeting Date: 05/11/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8851U109
Ticker: 601233
Primary ISIN: CNE1000012X7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tongkun Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Remuneration of Directors
Mgmt
For
For
7 Approve Remuneration of Supervisors Mgmt For For
8 Approve to Appoint Financial Auditor Mgmt For For
9 Approve Issuance of Super Short-term
Commercial Papers
Mgmt For For
10 Approve Issuance of Medium-term Notes Mgmt For For
11 Approve Guarantee Provision Between
Company and Subsidiary
Mgmt For For
12 Approve to Authorized Company and
Subsidiary for the Financing Application
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed borrowing is considered excessive and may add to the
company's financial burden, which is deemed not in the best interests of shareholders.
APPROVE 2019 DAILY RELATED PARTY
TRANSACTIONS
Mgmt
13.1 Approve Related Party Transaction with
Controlling Shareholders and Its Subsidiaries
Mgmt For For
13.2 Approve Related Party Transaction with
Zhejiang Hengchuang Advanced Functional
Fiber Innovation Center Co., Ltd.
Mgmt For For
13.3 Approve Related Party Transaction with
Jiaxinggang Antong Public Pipe Gallery Co.,
Ltd.
Mgmt For For
APPROVE 2020 DAILY RELATED PARTY
TRANSACTIONS
Mgmt
14.1 Approve Related Party Transaction with
Controlling Shareholders and Its Subsidiaries
Mgmt For For
14.2 Approve Related Party Transaction with
Zhejiang Petroleum & Chemical Co., Ltd.
Mgmt For For
14.3 Approve Related Party Transaction with
Zhejiang Hengchuang Advanced Functional
Fiber Innovation Center Co., Ltd.
Mgmt For For
14.4 Approve Related Party Transaction with
Jiaxinggang Antong Public Pipe Gallery Co.,
Ltd.
Mgmt For For
ZhongAn Online P&C Insurance Co., Ltd.
Meeting Date: 05/11/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y989DF109
Ticker: 6060
Primary ISIN: CNE100002QY7
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
ZhongAn Online P&C Insurance Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve 2019 Report of the Board of
Directors
Mgmt
For
For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Report of Auditors and Audited
Financial Statements
Mgmt For For
4 Approve PricewaterhouseCoopers as Auditors Mgmt For For
5 Elect Weibiao Zhan as Director Mgmt For For
6 Approve 2019 Performance Evaluation of the
Directors
Mgmt For For
7 Approve Five-Year Development Plan of the
Company (2020-2024)
Mgmt For For
8 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
9 Approve Amendments to Articles of
Association
Mgmt For For
10 Approve Proposed Issue of Offshore Senior
Bonds
Mgmt For For
China Pacific Insurance (Group) Co. Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1505Z103
Ticker: 2601
Primary ISIN: CNE1000009Q7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of the Board of
Supervisors
Mgmt For For
3 Approve 2019 Annual Report of A shares Mgmt For For
4 Approve 2019 Annual Report of H Shares Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Pacific Insurance (Group) Co. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
5
Approve 2019 Financial Statements and
Report
Mgmt
For
For
6 Approve 2019 Profit Distribution Plan Mgmt For For
7 Approve PricewaterhouseCoopers Zhong Tian
LLP as PRC Auditor and Internal Control
Auditor and to PricewaterhouseCoopers as
Hong Kong Auditor
Mgmt For For
8 Approve 2019 Due Diligence Report Mgmt For For
9 Approve 2019 Report on Performance of
Independent Directors
Mgmt For For
10 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST the general share issuance mandate is warranted for the following:-
The share issuance limit exceeds 10 percent.- The company has not specified a discount limit.
11 Approve Amendments to Articles of
Association
Mgmt For For
12 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
13 Approve Related Party Transaction Mgmt For For
14 Approve 2020-2022 Development Plan Mgmt For For
15 Approve 2020 Donations Mgmt For For
16.1 Elect Kong Qingwei as Director Mgmt For For
16.2 Elect Fu Fan as Director Mgmt For For
16.3 Elect Wang Tayu as Director Mgmt For For
16.4 Elect Wu Junhao as Director Mgmt For For
16.5 Elect Zhou Donghui as Director Mgmt For For
16.6 Elect Huang Dinan as Director Mgmt For For
16.7 Elect Lu Qiaoling as Director Mgmt For For
16.8 Elect Liu Xiaodan as Director Mgmt For For
16.9 Elect Chen Jizhong as Director Mgmt For For
16.10 Elect Lam Tyng Yih, Elizabeth as Director Mgmt For For
16.11 Elect Woo Ka Biu, Jackson as Director Mgmt For For
16.12 Elect Jiang Xuping as Director Mgmt For For
17.1 Elect Lu Ning as Supervisor Mgmt For For
17.2 Elect Lu Guofeng as Supervisor Mgmt For For
18 Elect Zhu Yonghong as Supervisor SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Pacific Insurance (Group) Co., Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1505Z103
Ticker: 2601
Primary ISIN: CNE1000009Q7
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of the Board of
Supervisors
Mgmt For For
3 Approve 2019 Annual Report of A shares Mgmt For For
4 Approve 2019 Annual Report of H Shares Mgmt For For
5 Approve 2019 Financial Statements and
Report
Mgmt For For
6 Approve 2019 Profit Distribution Plan Mgmt For For
7 Approve PricewaterhouseCoopers Zhong Tian
LLP as PRC Auditor and Internal Control
Auditor and to PricewaterhouseCoopers as
Hong Kong Auditor
Mgmt For For
8 Approve 2019 Due Diligence Report Mgmt For For
9 Approve 2019 Report on Performance of
Independent Directors
Mgmt For For
10 Approve 2020-2022 Development Plan Mgmt For For
11 Approve 2020 Donations Mgmt For For
12.1 Elect Kong Qingwei as Director Mgmt For For
12.2 Elect Fu Fan as Director Mgmt For For
12.3 Elect Wang Tayu as Director Mgmt For For
12.4 Elect Wu Junhao as Director Mgmt For For
12.5 Elect Zhou Donghui as Director Mgmt For For
12.6 Elect Huang Dinan as Director Mgmt For For
12.7 Elect Lu Qiaoling as Director Mgmt For For
12.8 Elect Liu Xiaodan as Director Mgmt For For
12.9 Elect Chen Jizhong as Director Mgmt For For
12.10 Elect Lam Tyng Yih, Elizabeth as Director Mgmt For For
12.11 Elect Woo Ka Biu, Jackson as Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Pacific Insurance (Group) Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
12.12
Elect Jiang Xuping as Director
Mgmt
For
For
13.1 Elect Lu Ning as Supervisor Mgmt For For
13.2 Elect Lu Guofeng as Supervisor Mgmt For For
14 Approve Amendments to Articles of
Association
Mgmt For For
15 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
16 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST the general share issuance mandate is warranted for the following:-
The share issuance limit exceeds 10 percent.- The company has not specified a discount limit
18 Elect Zhu Yonghong as Supervisor SH For For
Chongqing Brewery Co., Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y15846101
Ticker: 600132
Primary ISIN: CNE000000TL3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Financial Statements Mgmt For For
3 Approve Allocation of Income and Dividends Mgmt For For
4 Approve Report of the Board of Directors Mgmt For For
5 Approve Report of the Board of Supervisors Mgmt For For
6 Approve Report of the Independent Directors Mgmt For For
7 Approve Related Party Transaction Mgmt For For
8 Approve to Appoint Financial and Internal
Control Auditor
Mgmt For For
Guangzhou Haige Communications Group Inc. Co.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y29328104
Ticker: 002465
Primary ISIN: CNE100000T24
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guangzhou Haige Communications Group Inc. Co.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve Use of Idle Funds to Invest in
Low-risk Short-term Financial Products
Mgmt For For
8 Approve Termination of Raised Funds
Investment Project and Replenish Working
Capital
Mgmt For For
9 Approve Compensation of Shares and
Handling of Cancellation and Capital
Reduction
Mgmt For For
10 Amend Articles of Association Mgmt For For
Hangzhou Tigermed Consulting Co., Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3043G100
Ticker: 300347
Primary ISIN: CNE100001KV8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Profit Distribution Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
6 Approve Appointment of Auditor Mgmt For For
7 Approve Comprehensive Credit Line Bank
Application
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hangzhou Tigermed Consulting Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
8 Approve Use of Own Idle Funds to Purchase
Short-term Bank Guaranteed Financial
Products
9 Approve Report of the Board of Supervisors
Mgmt
Mgmt
For
For
For
For
Huagong Tech Co., Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3740C105
Ticker: 000988
Primary ISIN: CNE000001303
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors
Mgmt
For
For
3 Approve Annual Report and Summary
Mgmt
For
For
4 Approve Financial Statements
Mgmt
For
For
5 Approve Financial Budget Report
Mgmt
For
For
6 Approve Remuneration of Directors
Mgmt
For
For
7 Approve Remuneration of Supervisors
Mgmt
For
For
8 Approve to Appoint Auditor
Mgmt
For
For
9 Approve Allocation of Income and Dividends
Mgmt
For
For
10 Approve Provision of Guarantees
Mgmt
For
For
Iflytek Co., Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y013A6101
Ticker: 002230
Primary ISIN: CNE100000B81
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Iflytek Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2
Approve Report of the Board of Supervisors
Mgmt
For
For
3 Approve Financial Statements Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For For
6 Approve Related Party Transaction Mgmt For For
7 Approve Annual Report and Summary Mgmt For For
8 Approve to Appoint Auditor Mgmt For For
9 Approve Provision of Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because:- the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular; and- there is lack of disclosure on the pertinent details of the guarantee request.
10 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
11 Approve Amendments to Articles of
Association
Mgmt For For
12 Amend Management System of Raised Funds Mgmt For For
Ningbo Joyson Electronic Corp.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y5278D108
Ticker: 600699
Primary ISIN: CNE000000DJ1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Annual Report and Summary Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Daily Related-party Transactions Mgmt For For
6 Approve Issuance of Super-short-term
Commercial Papers, Commercial Papers and
Medium-term Notes
Mgmt For For
7 Approve Application of Comprehensive Credit
Line
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Ningbo Joyson Electronic Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8
Approve Appointment of Auditor
Mgmt
For
For
9 Approve Report of the Board of Supervisors Mgmt For For
10 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
11 Approve Amendments to Articles of
Association
Mgmt For For
12 Approve Company's Eligibility for Private
Placement of Shares
Mgmt For For
APPROVE PRIVATE PLACEMENT OF SHARES Mgmt
13.1 Approve Share Type and Par Value Mgmt For For
13.2 Approve Issue Manner and Issue Time Mgmt For For
13.3 Approve Target Subscribers and Subscription
Method
Mgmt For For
13.4 Approve Issue Price and Pricing Principle Mgmt For For
13.5 Approve Issue Size Mgmt For For
13.6 Approve Use of Proceeds Mgmt For For
13.7 Approve Lock-up Period Mgmt For For
13.8 Approve Listing Exchange Mgmt For For
13.9 Approve Distribution Arrangement of
Undistributed Earnings
Mgmt For For
13.10 Approve Resolution Validity Period Mgmt For For
14 Approve Plan on Private Placement of Shares Mgmt For For
15 Approve Feasibility Analysis Report on the
Use of Proceeds
Mgmt For For
16 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
17 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For For
18 Approve Authorization of Board to Handle All
Related Matters
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
19.1 Elect Wang Jianfeng as Non-Independent
Director
Mgmt For Against
Blended Rationale: Remuneration Committee: A vote against has been applied because LGIM expects the Committee to
comprise independent directors.Joint Chair/CEO: A vote against is applied as LGIM expects the roles of Board Chair and CEO to
be separate. These two roles are substantially different and a division of responsibilities ensures there is a proper balance of
authority and responsibility on the board.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Ningbo Joyson Electronic Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
19.2
Elect Zhu Xuesong as Non-Independent
Director
Mgmt
For
For
19.3 Elect Fan Jinhong as Non-Independent
Director
Mgmt For For
19.4 Elect Chen Wei as Non-Independent Director Mgmt For For
19.5 Elect Liu Yuda as Non-Independent Director Mgmt For For
19.6 Elect Yu Kai as Non-Independent Director Mgmt For Against
Blended Rationale: Audit Committee: A vote against is applied as LGIM expects the Committee to be comprised of independent
directors.
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
20.1 Elect Zhu Tian as Independent Director Mgmt For For
20.2 Elect Wei Yunzhu as Independent Director Mgmt For For
20.3 Elect Cheng Yisun as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
21.1 Elect Zhou Xingyou as Supervisor SH For For
21.2 Elect Wang Xiaowei as Supervisor SH For For
Shandong Nanshan Aluminum Co., Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7680L108
Ticker: 600219
Primary ISIN: CNE000001139
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Work Report of the General Manager Mgmt For For
3 Approve Report of the Independent Directors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve Appointment of Auditor and Payment
of Remuneration
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shandong Nanshan Aluminum Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8
Approve Remuneration of Directors and
Senior Management Members
Mgmt
For
For
9 Approve Report of the Board of Supervisors Mgmt For For
10 Approve Remuneration of Supervisors Mgmt For For
11 Approve Guarantee Provision Plan Mgmt For For
12 Approve Comprehensive Service Agreement
Schedule and Daily Related Party Transactions
Mgmt For For
13 Approve Daily Related Party Transactions with
Financial Companies
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
14 Approve Increase in the Amount of Guarantee
Provision
Mgmt For For
Tongwei Co., Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8884V108
Ticker: 600438
Primary ISIN: CNE000001GS3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve Report of the Independent Directors Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Comprehensive Credit Line
Application
Mgmt For For
9 Approve Provision of Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of this loan
guarantee request.
10 Approve Provision of Guarantee for Company
Customer
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tongwei Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
11 Approve Bill Pool Business Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details for shareholder to
effectively assess the associated risks.
12 Approve Use Funds for Financial Management Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
13 Approve Hedging Plan Mgmt For For
14 Approve Loan Related Transactions Mgmt For For
15 Approve Super Short-term Commercial Papers Mgmt For For
16 Amend Articles of Association Mgmt For For
17 Approve Company's Eligibility for Private
Placement of Shares
Mgmt For For
APPROVE PLAN FOR PRIVATE PLACEMENT
OF NEW SHARES
Mgmt
18.1 Approve Type, Par Value and Listing
Exchange
Mgmt For For
18.2 Approve Issue Manner and Issue Time Mgmt For For
18.3 Approve Target Subscribers and Subscription
Method
Mgmt For For
18.4 Approve Issue Size Mgmt For For
18.5 Approve Issue Price and Pricing Basis Mgmt For For
18.6 Approve Lock-up Period Mgmt For For
18.7 Approve Amount and Use of Proceeds Mgmt For For
18.8 Approve Distribution Arrangement of
Undistributed Earnings
Mgmt For For
18.9 Approve Resolution Validity Period Mgmt For For
19 Approve Private Placement of Shares Mgmt For For
20 Approve Feasibility Analysis Report on the
Use of Proceeds
Mgmt For For
21 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
22 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For For
23 Approve Authorization of Board to Handle All
Related Matters
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
24.1 Elect Ding Yi as Non-Independent Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wanda Film Holding Co., Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y94885103
Ticker: 002739
Primary ISIN: CNE100001WW1
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
7 Approve Internal Control Evaluation Report Mgmt For For
8 Approve Daily Related Party Transactions Mgmt For For
9 Approve Provision for Asset Impairment Mgmt For For
10 Approve Realization of Performance
Commitments and Performance
Compensation Plan in Connection to
Acquisition by Issuance of Shares as well as
Repurchase Cancellation of Corresponding
Compensation Shares
Mgmt For For
11 Amend Management System of Raised Funds Mgmt For For
12 Approve Company's Eligibility for Private
Placement of Shares
Mgmt For For
APPROVE PRIVATE PLACEMENT OF SHARES Mgmt
13.1 Approve Share Type and Par Value Mgmt For For
13.2 Approve Issue Manner and Issue Time Mgmt For For
13.3 Approve Target Subscribers and Subscription
Method
Mgmt For For
13.4 Approve Pricing Reference Date, Issue Price
and Pricing Principle
Mgmt For For
13.5 Approve Issue Size Mgmt For For
13.6 Approve Amount and Usage of Raised Funds Mgmt For For
13.7 Approve Lock-up Period Mgmt For For
13.8 Approve Listing Exchange Mgmt For For
13.9 Approve Distribution Arrangement of
Undistributed Earnings
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wanda Film Holding Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
13.10 Approve Resolution Validity Period Mgmt For For
14 Approve Plan on Private Placement of Shares Mgmt For For
15 Approve Feasibility Analysis Report on the
Use of Proceeds
Mgmt For For
16 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
17 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For For
18 Approve Shareholder Return Plan Mgmt For For
19 Approve Authorization of Board to Handle All
Related Matters
Mgmt For For
20 Approve Appointment of Auditor SH For For
Wingtech Technology Co., Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Special
Primary Security ID: Y3745E106
Ticker: 600745
Primary ISIN: CNE000000M72
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Company's Eligibility for Acquisition
by Cash and Issuance of Shares as well as
Raising Supporting Funds
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
APPROVE ACQUISITION BY CASH AND
ISSUANCE OF SHARES AS WELL AS RAISING
SUPPORTING FUNDS
2.1 Approve Specific Plan
Mgmt
Mgmt
For
Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.2 Approve Counterparty and Underlying Assets Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.3 Approve Transaction Price and Payment
Manner
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wingtech Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2.4 Approve Issue Type and Par Value Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.5 Approve Pricing Reference Date and Issue
Price
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.6 Approve Issue Scale Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.7 Approve Distribution Arrangement of
Undistributed Earnings
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.8 Approve Listing Location Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.9 Approve Resolution Validity Period Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.10 Approve Issue Type and Par Value of Raising
Supporting Funds
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.11 Approve Target Parties and Issue Manner of
Raising Supporting Funds
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.12 Approve Pricing Reference Date and Issue
Price of Raising Supporting Funds
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.13 Approve Raised Funds Amount and Issue
Scale of Raising Supporting Funds
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is at a
significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.14 Approve Listing Location of Raising
Supporting Funds
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wingtech Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2.15 Approve Lock-up Period of Raising Supporting
Funds
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.16 Approve Distribution Arrangement of
Undistributed Earnings of Raising Supporting
Funds
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.17 Approve Usage of Raised Funds of Raising
Supporting Funds
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is at a
significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
2.18 Approve Resolution Validity Period of Raising
Supporting Funds
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
3 Approve Transaction Does Not Constitute as
Related Party Transaction
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
4 Approve Report (Draft) and Summary on
Company's Acquisition by Cash and Issuance
of Shares as well as Raising Supporting Funds
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
5 Approve Signing of Agreement on Issuance of
Shares and Cash Payment to Purchase Assets
and Issuance of Shares to Purchase Asset and
Related Supplementary Agreements
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
6 Approve Audit Report, Evaluation Report and
Preparation Review Report
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
7 Approve Independence of Appraiser, the
Validity of Hypothesis, the Relevance of
Valuation Purpose and Approach as Well as
the Fairness of Pricing
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wingtech Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8 Approve Completeness and Compliance of
Implementation of Legal Proceedings of the
Transactions and Validity of the Submitted
Legal Documents Regarding this Transaction
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
9 Approve Whether the Company's Stock Price Mgmt For Against Fluctuations Meet the Relevant Standards in
Article 5 of the Notice on Regulating
Information Disclosure of Listed Companies
and the Actions of Related Parties
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
10 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
11 Approve Transaction Complies with Article IV
of Provisions on Issues Concerning Regulating
the Material Asset Reorganizations of Listed
Companies
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
12 Approve Transaction Does Not Comply with
Article 13 of Administrative Measures for the
Material Asset Reorganizations of Listed
Companies
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
13 Approve Transaction Complies with Relevant
Articles of Administrative Measures for the
Material Asset Reorganizations of Listed
Companies
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
14 Approve Authorization of the Board to Handle
All Related Matters
Mgmt For Against
Blended Rationale: M&A: A vote AGAINST is warranted because the issue price of the stock consideration for the acquisition is
at a significant discount to the unaffected price, which is deemed not in the best interests of the company and shareholders.
Yealink Network Technology Corp. Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9750S104
Ticker: 300628
Primary ISIN: CNE100002PC5
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Yealink Network Technology Corp. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
6 Approve Use of Partial Raised Funds and
Excess Raised Funds to Replenish Working
Capital
Mgmt For For
7 Approve Profit Distribution and Capitalization
of Capital Reserves
Mgmt For For
8 Approve Changes in Registered Capital and
Amend Articles of Association
Mgmt For For
9 Approve Draft and Summary of Performance
Shares Incentive Plan
Mgmt For Against
Blended Rationale: Remuneration: A vote against is applied as the award of incentive remuneration to non-executive directors
may impair their independence.Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to
be measured over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any
holding period to align with long-term value creation.
10 Approve Methods to Assess the Performance
of Plan Participants
Mgmt For Against
Blended Rationale: Remuneration: A vote against is applied as the award of incentive remuneration to non-executive directors
may impair their independence.Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to
be measured over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any
holding period to align with long-term value creation.
11 Approve Authorization of the Board to Handle
All Related Matters
Mgmt For Against
Blended Rationale: Remuneration: A vote against is applied as the award of incentive remuneration to non-executive directors
may impair their independence.Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to
be measured over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any
holding period to align with long-term value creation.
12 Approve Change in Accounting Policies Mgmt For For
13 Approve Appointment of Auditor Mgmt For For
14 Approve Change of Chief Financial Officer Mgmt For For
15 Approve Use of Idle Raised Funds to Conduct
Cash Management
Mgmt For For
16 Approve Use of Idle Own Funds to Conduct
Cash Management
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Yealink Network Technology Corp. Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
17 Approve Comprehensive Credit Line Bank
Application
18 Approve Amendment of Draft and Summary
of Performance Shares Incentive Plan
Mgmt
SH
For
For
For
Against
Blended Rationale: Remuneration: A vote against is applied as the award of incentive remuneration to non-executive directors
may impair their independence.Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to
be measured over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any
holding period to align with long-term value creation.
19 Approve Amendment of Methods to Assess SH
the Performance of Plan Participants
For Against
Blended Rationale: Remuneration: A vote against is applied as the award of incentive remuneration to non-executive directors
may impair their independence.Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to
be measured over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any
holding period to align with long-term value creation.
Zhejiang Dahua Technology Co. Ltd.
Meeting Date: 05/12/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y988AP102
Ticker: 002236
Primary ISIN: CNE100000BJ4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and Dividends Mgmt For For
6 Approve Remuneration of Directors and
Supervisors
Mgmt For For
7 Approve Appointment of Auditor Mgmt For For
8 Approve Forward Foreign Exchange Hedging
Transactions
Mgmt For For
9 Approve Credit Line Bank Application and Bill
Pool Business
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details for shareholder to
effectively assess the associated risks.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Zhejiang Dahua Technology Co. Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10 Approve Provision of Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
11 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
12 Amend Articles of Association to Reduce
Registered Capital
Mgmt For For
13 Approve Draft and Summary of Performance
Shares Incentive Plan
SH For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.
14 Approve Methods to Assess the Performance SH
of Plan Participants
For
Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.
15 Approve Authorization of Board to Handle All SH
Related Matters
For
Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.
Hefei Meiya Optoelectronic Technology Inc.
Meeting Date: 05/13/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3123L102
Ticker: 002690
Primary ISIN: CNE100001JZ1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Financial Budget Report Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hefei Meiya Optoelectronic Technology Inc.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Allocation of Income and Dividends
Mgmt
For
For
7 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For For
8 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
9 Amend Articles of Association and Amend
Rules and Procedures Regarding Meetings of
Board of Directors
Mgmt For For
10 Approve Appointment of Auditor Mgmt For For
11 Approve Credit Line Bank Application Mgmt For For
12 Approve Use of Idle Raised Funds and Own
Funds to Conduct Cash Management
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
13.1 Elect Tian Ming as Non-Independent Director
Mgmt
Mgmt
For
Against
Blended Rationale: Joint Chair/CEO: A vote against is applied as LGIM expects the roles of Board Chair and CEO to be separate.
These two roles are substantially different and a division of responsibilities ensures there is a proper balance of authority and
responsibility on the board.
13.2 Elect Shen Haibin as Non-Independent
Director
Mgmt For Against
Blended Rationale: Remuneration Committee: A vote against is applied as LGIM expects the Committee to be comprised of
independent directors.
13.3 Elect Hao Xianjin as Non-Independent
Director
Mgmt For Against
Blended Rationale: Audit Committee: A vote against is applied as LGIM expects the Committee to be comprised of independent
directors.
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
14.1 Elect Zhang Benzhao as Independent Director Mgmt For For
14.2 Elect Chu Yuming as Independent Director Mgmt For For
14.3 Elect Yang Morong as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
15.1 Elect Han Liming as Supervisor Mgmt For For
15.2 Elect Ni Yingjiu as Supervisor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
LONGi Green Energy Technology Co., Ltd.
Meeting Date: 05/13/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9727F102
Ticker: 601012
Primary ISIN: CNE100001FR6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Report of the Independent Directors Mgmt For For
6 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
7 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
8 Approve to Appoint Auditor Mgmt For For
9 Approve Remuneration of Directors and
Supervisors
Mgmt For For
10 Approve Adjustment on the Quantity and
Repurchase Price of Performance Shares
Mgmt For For
11 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
12 Approve Additional Guarantee Mgmt For For
13 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
Luxshare Precision Industry Co. Ltd.
Meeting Date: 05/13/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7744X106
Ticker: 002475
Primary ISIN: CNE100000TP3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Luxshare Precision Industry Co. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
4
Approve Annual Report and Summary
Mgmt
For
For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve Report of the Independent Directors Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Provision of Guarantee Mgmt For For
9 Approve Comprehensive Credit Line Mgmt For For
10 Approve Use of Funds to Purchase Financial
Products
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
11 Approve Issuance of Super Short-term
Commercial Papers
Mgmt For For
12 Approve Issuance of Medium-term Notes Mgmt For For
13 Approve Shareholder Return Plan Mgmt For For
14 Amend Articles of Association Mgmt For For
MMC Norilsk Nickel PJSC
Meeting Date: 05/13/2020 Country: Russia
Meeting Type: Annual
Primary Security ID: X5424N118
Ticker: GMKN
Primary ISIN: RU0007288411
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report
Mgmt
For
For
2 Approve Financial Statements Mgmt For For
3 Approve Consolidated Financial Statements Mgmt For For
4 Approve Allocation of Income and Dividends
of RUB 557.20 per Share
Mgmt For For
Elect 13 Directors by Cumulative Voting Mgmt
5.1 Elect Nikolai Abramov as Director Mgmt None For
5.2 Elect Sergei Barbashev as Director Mgmt None Against
5.3 Elect Sergei Batekhin as Director Mgmt None Against
5.4 Elect Aleksei Bashkirov as Director Mgmt None Against
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
MMC Norilsk Nickel PJSC
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
5.5
Elect Sergei Bratukhin as Director
Mgmt
None
Against
5.6 Elect Sergei Volk as Director Mgmt None For
5.7 Elect Marianna Zakharova as Director Mgmt None Against
5.8 Elect Roger Munnings as Director Mgmt None For
5.9 Elect Gareth Penny as Director Mgmt None Against
5.10 Elect Maksim Poletaev as Director Mgmt None Against
5.11 Elect Viacheslav Solomin as Director Mgmt None Against
5.12 Elect Evgenii Shvarts as Director Mgmt None For
5.13 Elect Robert Edwards as Director Mgmt None Against
Elect Five Members of Audit Commisson Mgmt
6.1 Elect Aleksei Dzybalov as Member of Audit
Commission
Mgmt For For
6.2 Elect Anna Masalova as Member of Audit
Commission
Mgmt For For
6.3 Elect Georgii Svanidze as Members of Audit
Commission
Mgmt For For
6.4 Elect Vladimir Shilkov as Member of Audit
Commission
Mgmt For For
6.5 Elect Elena Ianevich as Member of Audit
Commission
Mgmt For For
7 Ratify KPMG as RAS Auditor Mgmt For Against
Blended Rationale: Auditor fees: A vote against is applied as LGIM does not expect excessive non-audit work to be conducted
by the company's external auditors as this brings into question the independence of their judgement.
8 Ratify KPMG as IFRS Auditor Mgmt For Against
Blended Rationale: Auditor fees: A vote against is applied as LGIM does not expect excessive non-audit work to be conducted
by the company's external auditors as this brings into question the independence of their judgement.
9 Approve Remuneration of Directors Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because - The proposed life insurance to the chairman and unconditional
payments in case of termination of his powers as a chairman before 2020 AGM are not common market practices in Russia; -
The proposed fee for an independent board chairman is excessive in comparison with other comparable companies in the
Russian market.
10 Approve Remuneration of Members of Audit
Commission
Mgmt For For
11 Approve Related-Party Transactions Re:
Indemnification Agreements with Directors
and Executives
Mgmt For For
12 Approve Related-Party Transaction Re:
Liability Insurance for Directors and
Executives
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai Baosight Software Co., Ltd.
Meeting Date: 05/13/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7691Z104
Ticker: 900926
Primary ISIN: CNE000000GG0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Financial Budget Report Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Related Party Transaction Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
9 Approve Amendments to Articles of
Association
Mgmt For For
Shanghai Baosight Software Co., Ltd.
Meeting Date: 05/13/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7691Z104
Ticker: 900926
Primary ISIN: CNE000000GG0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF B SHARES
Mgmt
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai Baosight Software Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Financial Budget Report
Mgmt
For
For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Related Party Transaction Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
9 Approve Amendments to Articles of
Association
Mgmt For For
Shenzhen Sunway Communication Co., Ltd.
Meeting Date: 05/13/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y77453101
Ticker: 300136
Primary ISIN: CNE100000W94
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Appointment of Auditor Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve Use of Funds to Purchase Financial
Products
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
8 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
9 Approve Decrease in Registered Capital Mgmt For For
10 Amend Articles of Association Mgmt For For
11 Approve Comprehensive Credit Line Bank
Application and Provision of Guarantee for
Wholly-owned Subsidiary
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
SinoPac Financial Holdings Co., Ltd.
Meeting Date: 05/13/2020 Country: Taiwan
Meeting Type: Annual
Primary Security ID: Y8009U100
Ticker: 2890
Primary ISIN: TW0002890001
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Business Operations Report and
Financial Statements
Mgmt
For
For
2 Approve Profit Distribution Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS AND
INDEPENDENT DIRECTORS VIA CUMULATIVE
VOTING
Mgmt
3.1 Elect Shi-Kuan CHEN, Representative of
Hsinex International Corp., with Shareholder
No. 398816, as Non-Independent Director
Mgmt For For
3.2 Elect Stanley CHU, Representative of Hsinex
International Corp., with Shareholder No.
398816, as Non-Independent Director
Mgmt For For
3.3 Elect Wei-Thyr TSAO, Representative of Xing
Yuan Co., Ltd., with Shareholder No. 945346,
as Non-Independent Director
Mgmt For For
3.4 Elect Chi-Hsing YEH, Representative of Xing
Yuan Co., Ltd., with Shareholder No. 945346,
as Non-Independent Director
Mgmt For For
3.5 Elect Chi SCHIVE, with ID No. Q100446XXX,
as Independent Director
Mgmt For For
3.6 Elect James J. SHEU, with ID No.
N102581XXX, as Independent Director
Mgmt For For
3.7 Elect Wei-Ta PAN, with ID No. A104289XXX,
as Independent Director
Mgmt For For
4 Approve Release of Restrictions of
Competitive Activities of Directors
Mgmt For For
Tianfeng Securities Co., Ltd.
Meeting Date: 05/13/2020 Country: China
Meeting Type: Special
Primary Security ID: Y8817L102
Ticker: 601162
Primary ISIN: CNE100003F43
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tianfeng Securities Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
APPROVE ISSUANCE OF DOMESTIC DEBT
FINANCING INSTRUMENTS
Mgmt
1.1 Approve Variety Mgmt For For
1.2 Approve Term Mgmt For For
1.3 Approve Interest Rate Mgmt For For
1.4 Approve Issue Subject, Issuance Method and
Issuance Scale
Mgmt For For
1.5 Approve Issue Price Mgmt For For
1.6 Approve Guarantees and Other Credit
Enhancement Arrangements
Mgmt For For
1.7 Approve Use of Proceeds Mgmt For For
1.8 Approve Target Subscribers and Placing
Arrangement for Shareholders
Mgmt For For
1.9 Approve Safeguard Measures of Debts
Repayment
Mgmt For For
1.10 Approve Resolution Validity Period Mgmt For For
1.11 Approve Authorization Matters Mgmt For For
Tianjin Capital Environmental Protection Group Company Limited
Meeting Date: 05/13/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y88228112
Ticker: 1065
Primary ISIN: CNE1000004G9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
ORDINARY RESOLUTIONS Mgmt
1 Approve 2019 Annual Report and Summary of
the Report Announced within the PRC and
Overseas
Mgmt For For
2 Approve 2019 Working Report of the Board of
Directors and 2020 Operating Strategy
Mgmt For For
3 Approve 2019 Final Financial Accounts and
2020 Financial Budget
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tianjin Capital Environmental Protection Group Company Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
4
Approve 2019 Profit Appropriation Plan
Mgmt
For
For
5 Approve 2019 Working Report of the
Supervisory Committee
Mgmt For For
6 Approve 2019 Working Report of Independent
Directors
Mgmt For For
7 Approve PricewaterhouseCoopers Zhong Tian
LLP and PricewaterhouseCoopers as PRC and
International Auditors, Respectively, and
Authorize Board to Fix Their Remuneration
Mgmt For For
8 Elect Gu Wenhui as Director SH For For
9 Approve Remuneration of Gu Wenhui SH For For
SPECIAL RESOLUTIONS Mgmt
1 Approve Additional Guarantees for the
Financing Granted to Its Subsidiaries
Mgmt For For
2 Approve Amendments to Articles of
Association
Mgmt For For
Tongling Nonferrous Metals Group Co., Ltd.
Meeting Date: 05/13/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8883H118
Ticker: 000630
Primary ISIN: CNE000000529
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Report on the 2019 Financial Budget
Implementation and 2020 Financial Budget
Arrangements
Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Application of Comprehensive Bank
Credit Lines
Mgmt For For
7 Approve Foreign Exchange Trading Business Mgmt For For
8 Approve Appointment of Auditor Mgmt For For
9 Approve Daily Related Party Transactions Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tongling Nonferrous Metals Group Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10
Approve Amendments to Articles of
Association to Expand Business Scope
Mgmt
For
For
11 Approve Signing of Financial Services
Agreement and Continued Related Party
Transactions
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
12 Approve Provision for Asset Impairment Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
13.1 Elect Yang Jun as Non-independent Director Mgmt For For
13.2 Elect Gong Huadong as Non-independent
Director
Mgmt For For
13.3 Elect Xu Wuqi as Non-independent Director Mgmt For For
13.4 Elect Hu Xinfu as Non-independent Director Mgmt For For
13.5 Elect Ding Shiqi as Non-independent Director Mgmt For For
13.6 Elect Jiang Peijin as Non-independent Director Mgmt For For
13.7 Elect Zhou Jun as Non-independent Director Mgmt For For
13.8 Elect Wu Heping as Non-independent Director Mgmt For Against
Blended Rationale: Audit Committee: A vote against is applied as LGIM expects the Committee to be comprised of independent
directors.
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
14.1 Elect Yao Lushi as Independent Director Mgmt For For
14.2 Elect Wang Chang as Independent Director Mgmt For For
14.3 Elect Wang Li as Independent Director Mgmt For For
14.4 Elect Liu Fanglai as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
15.1 Elect Chen Mingyong as Supervisor Mgmt For For
15.2 Elect Wang Nongsheng as Supervisor Mgmt For For
15.3 Elect Xie Shuorong as Supervisor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Xinhu Zhongbao Co., Ltd.
Meeting Date: 05/13/2020 Country: China
Meeting Type: Special
Primary Security ID: Y9724T105
Ticker: 600208
Primary ISIN: CNE000000ZH8
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Provision of Guarantee Mgmt For For
2 Approve Subscription to H Shares
Mgmt
For
For
Zhejiang Juhua Co., Ltd.
Meeting Date: 05/13/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9890M108
Ticker: 600160
Primary ISIN: CNE000000WQ6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Financial Budget Report Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve Appointment of Financial and
Internal Control Auditor and Payment of
Remuneration
Mgmt For For
8 Approve Daily Related Party Transactions Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
9 Approve Amendments to Articles of
Association
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
360 Security Technology, Inc.
Meeting Date: 05/14/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y444T7106
Ticker: 601360
Primary ISIN: CNE100002RZ2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Financial Statements Mgmt For For
3 Approve Profit Distribution Mgmt For For
4 Approve Report of the Board of Directors Mgmt For For
5 Approve Report of the Board of Supervisors Mgmt For For
6 Approve Remuneration of Directors Mgmt For For
7 Approve Remuneration of Supervisors Mgmt For For
8 Approve Appointment of Financial Report
Auditor and Internal Control Auditor
Mgmt For For
9 Approve Daily Related-party Transactions Mgmt For For
10 Approve Provision of Guarantee for Company
and Subsidiary
Mgmt For For
China Zhonghua Geotechnical Engineering Group Co., Ltd.
Meeting Date: 05/14/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1565F104
Ticker: 002542
Primary ISIN: CNE100000ZV8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve Internal Control Self-Evaluation
Report
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Zhonghua Geotechnical Engineering Group Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
7 Approve to Appoint Auditor Mgmt For For
8 Amend Articles of Association
Mgmt
For
Against
Blended Rationale: Governance Concerns: Party Committee. A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
9 Approve Remuneration of Directors and
Supervisors
Mgmt For For
10 Approve Report on the Deposit and Usage of
Raised Funds
Mgmt For For
11 Approve Provision of Guarantee Mgmt For For
12 Approve Related Party Transaction Mgmt For For
13 Approve Shareholder Return Plan Mgmt For For
Hang Zhou Great Star Industrial Co. Ltd.
Meeting Date: 05/14/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3037V105
Ticker: 002444
Primary ISIN: CNE100000RC5
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Remuneration of Directors Mgmt For For
5 Approve Remuneration of Supervisors Mgmt For For
6 Approve Financial Statements Mgmt For For
7 Approve Profit Distribution Mgmt For For
8 Approve Bank Credit Line Application Mgmt For For
9 Approve Appointment of Financial Auditor Mgmt For For
10 Approve Financial Assistance Provision Mgmt For For
11 Approve Report on the Usage of Previously
Raised Funds
SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hesteel Co., Ltd.
Meeting Date: 05/14/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y85343104
Ticker: 000709
Primary ISIN: CNE000000H20
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Related Party Transaction Mgmt For For
7 Approve Financial Business Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
8 Approve to Appoint Auditor Mgmt For For
9 Approve Amendments to Articles of
Association
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
10.1 Elect Liu Jian as Non-Independent Director Mgmt For For
10.2 Elect Xu Bin as Non-Independent Director Mgmt For For
10.3 Elect Guo Jingrui as Non-Independent
Director
Mgmt For For
10.4 Elect Geng Litang as Non-Independent
Director
Mgmt For For
10.5 Elect Zhu Huaming as Non-Independent
Director
Mgmt For For
10.6 Elect Chang Guangshen as Non-Independent
Director
Mgmt For For
Jinke Property Group Co., Ltd.
Meeting Date: 05/14/2020 Country: China
Meeting Type: Special
Primary Security ID: Y4463Q107
Ticker: 000656
Primary ISIN: CNE000000073
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Jinke Property Group Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Overseas Listing of Company's
Subsidiary Complies with Circular on Issues
Relevant to Regulating the Subsidiaries of
Domestic Listed Companies to List Overseas
Mgmt For For
2 Approve Overseas Listing of Company's
Subsidiary Jinke Property Services Group Co.,
Ltd.
3 Approve Application for Full Circulation of
Shares
4 Approve Company to Maintain Independent
Listing
5 Approve Description of Sustainable
Profitability and Prospects
6 Approve Authorization of the Board for
Overseas Listing of Subsidiary
7 Approve Directors and Senior Executives to
Hold Shares in Jinke Property Services Group
Co., Ltd.
8 Approve Amendments to Articles of
Association
Mgmt
Mgmt
Mgmt
Mgmt
Mgmt
Mgmt
Mgmt
For
For
For
For
For
For
For
For
For
For
For
For
For
For
Liberty Holdings Ltd.
Meeting Date: 05/14/2020 Country: South Africa
Meeting Type: Annual
Primary Security ID: S44440121
Ticker: LBH
Primary ISIN: ZAE000127148
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
Ordinary Resolutions
Mgmt
1 Accept Financial Statements and Statutory
Reports for the Year Ended 31 December
2019
Mgmt For For
2.1 Re-elect Nooraya Khan as Director Mgmt For For
2.2 Re-elect Carol Roskruge Cele as Director Mgmt For For
2.3 Re-elect Yunus Suleman as Director Mgmt For For
2.4 Elect Nick Criticos as Director Mgmt For For
3 Reappoint PwC Inc as Auditors Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Liberty Holdings Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
4
Place Authorised but Unissued Ordinary
Shares under Control of Directors
Mgmt
For
For
5 Place Authorised but Unissued Preference
Shares under Control of Directors
Mgmt For For
6 Authorise Board to Issue Shares for Cash Mgmt For For
7.1 Re-elect Yunus Suleman as Chairman of the
Group Audit and Actuarial Committee
Mgmt For For
7.2 Re-elect Nooraya Khan as Member of the
Group Audit and Actuarial Committee
Mgmt For For
7.3 Elect Simon Ridley as Member of the Group
Audit and Actuarial Committee
Mgmt For For
7.4 Elect Carol Roskruge Cele as Member of the
Group Audit and Actuarial Committee
Mgmt For For
7.5 Re-elect Jim Sutcliffe as Member of the Group
Audit and Actuarial Committee
Mgmt For Against
Blended Rationale: Remuneration: A vote against is applied because LGIM has had concerns with the remuneration for more
than a year.
7.6
8
Elect Howard Walker as Member of the Group
Audit and Actuarial Committee
Approve Remuneration Policy
Mgmt
Mgmt
For
For
For
Against
Blended Rationale: Remuneration: Performance conditions: A vote against is applied as the level of disclosures in respect of
performance conditions does not allow shareholders to make a fully informed assessment of remuneration.Remuneration:
Performance conditions. A vote against is applied as LGIM expects the long-term incentive plan to be assessed against
performance conditions that are aligned with company performance.Remuneration: A vote against is applied as LGIM expects
all incentive plans to be capped either as a percentage of salary or a fixed number of shares.
9 Approve Implementation Report Mgmt For For
10 Approve Restricted Share Plan Mgmt For For
11 Approve Equity Growth Scheme Mgmt For For
Special Resolutions Mgmt
1 Authorise Directors to Issue Any Ordinary
Shares of the Company for the
Implementation of Any Share Incentive
Scheme
Mgmt For Against
Blended Rationale: A vote AGAINST this item is warranted because the number of shares reserved for use in share incentive
schemes is considered excessive.
2.1 Approve Fees for the Chairman of the Board Mgmt For For
2.2 Approve Fees for the Lead Independent
Director
Mgmt For For
2.3 Approve Fees for the Board Member Mgmt For For
2.4 Approve Fees for the International Board
Member, Member of Committees and
Subsidiary Board and Chairman of a
Sub-committee
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Liberty Holdings Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2.5
Approve Fees for the International Board
Member, Member of Committees and
Subsidiary Board and Chairman of a
Committee
Mgmt
For
For
2.6 Approve Fees for the Chairman of the Group
Audit and Actuarial Committee
Mgmt For For
2.7 Approve Fees for the Member of the Group
Audit and Actuarial Committee
Mgmt For For
2.8 Approve Fees for the Chairman of the Group
Actuarial Committee
Mgmt For For
2.9 Approve Fees for the Member of the Group
Actuarial Committee
Mgmt For For
2.10 Approve Fees for the Chairman of the Group
Risk Committee
Mgmt For For
2.11 Approve Fees for the Member of the Group
Risk Committee
Mgmt For For
2.12 Approve Fees for the Chairman of the Group
Remuneration Committee
Mgmt For For
2.13 Approve Fees for the Member of the Group
Remuneration Committee
Mgmt For For
2.14 Approve Fees for the Chairman of the Group
Social, Ethics and Transformation Committee
Mgmt For For
2.15 Approve Fees for the Member of the Group
Social, Ethics and Transformation Committee
Mgmt For For
2.16 Approve Fees for the Member of the Group
Directors' Affairs Committee
Mgmt For For
2.17 Approve Fees for the Chairman of the Group
IT Committee
Mgmt For For
2.18 Approve Fees for the Member of the Group IT
Committee
Mgmt For For
2.19 Approve Fees for the Chairman of the
STANLIB Limited Board
Mgmt For For
2.20 Approve Fees for the Member of the STANLIB
Limited Board
Mgmt For For
2.21 Approve Fee Per Ad Hoc Board Meeting Mgmt For For
2.22 Approve Fee Per Ad Hoc Board Committee
Meeting
Mgmt For For
3.1 Approve Financial Assistance to Related or
Inter-related Company
Mgmt For For
3.2 Approve Financial Assistance to Any
Employee, Director, Prescribed Officer or
Other Person or Any Trust Established for
their Benefit in Terms of Any Share Incentive
Scheme
Mgmt For For
4 Authorise Repurchase of Issued Share Capital Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Pangang Group Vanadium Titanium & Resources Co., Ltd.
Meeting Date: 05/14/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y67251101
Ticker: 000629
Primary ISIN: CNE0000007H2
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors
Mgmt
For
For
3 Approve Financial Statements
Mgmt
For
For
4 Approve Financial Budget
Mgmt
For
For
5 Approve Allocation of Income and Dividends
Mgmt
For
For
6 Approve Annual Report and Summary
Mgmt
For
For
7 Approve Investment Plan Draft
Mgmt
For
For
8 Approve to Appoint Auditor
Mgmt
For
For
9 Approve Allowance of Independent Directors
Mgmt
For
For
10 Elect Chen Liexi as Supervisor
SH For
For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
11.1 Elect Xie Junyong as Non-independent
Director
11.2 Elect Shen Changchun as Non-independent
Director
Mgmt
SH
SH
For
For
For
For
Ping An Bank Co., Ltd.
Meeting Date: 05/14/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y6896T103
Ticker: 000001
Primary ISIN: CNE000000040
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Ping An Bank Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
4
Approve Financial Statements and Financial
Budget Report
Mgmt
For
For
5 Approve Profit Distribution Mgmt For For
6 Approve Related Party Transactions and
Implementation of Related Party Transaction
Management System
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Composition of Board of the
Supervisory Committee
Mgmt For For
9 Elect Che Guobao as Supervisor Mgmt For For
ELECT SUPERVISOR VIA CUMULATIVE
VOTING
Mgmt
10.1 Elect Wang Chunhan as Supervisor Mgmt For For
10.2 Elect Wang Songqi as Supervisor Mgmt For For
10.3 Elect Han Xiaojing as Supervisor Mgmt For For
Sanan Optoelectronics Co. Ltd.
Meeting Date: 05/14/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7478M102
Ticker: 600703
Primary ISIN: CNE000000KB3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve to Adjust the Allowance of
Independent Directors
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
AECC Aviation Power Co. Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9730A108
Ticker: 600893
Primary ISIN: CNE000000JW1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Report of the Independent Directors Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Shareholder Return Plan Mgmt For For
7 Approve Profit Distribution Mgmt For For
8 Approve Financial Budget Report Mgmt For For
9 Approve Related Party Transactions Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal
10 Approve Issuance of Shares and Raising
Supporting Funds as well as Special Report on
the Deposit and Usage of Raised Funds
Mgmt For For
11 Approve Remuneration of Directors and
Senior Management Members
Mgmt For For
12 Approve Appointment of Auditor Mgmt For For
13 Approve Related Party Transactions in
Connection with Transfer of Land Use Rights
and Its Property
Mgmt For For
14 Elect Yan Jianxing as Non-Independent
Director
SH For For
A-Living Services Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0038M100
Ticker: 3319
Primary ISIN: CNE100002RY5
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
A-Living Services Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve 2019 Report of the Board of
Directors
Mgmt
For
For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Audited Consolidated Financial
Statements
Mgmt For For
4 Approve 2019 Annual Report Mgmt For For
5 Approve 2020 Annual Financial Budget Mgmt For For
6 Approve Final Dividend Mgmt For For
ELECT DIRECTORS Mgmt
7.1 Elect Chan Cheuk Hung as Director Mgmt For For
7.2 Elect Huang Fengchao as Director Mgmt For Against
Blended Rationale: Remuneration Committee: A vote against has been applied because LGIM expects the Committee to
comprise independent directors.Joint Chair/CEO: A vote against is applied as LGIM expects the roles of Chair and CEO to be
separate. These two roles are substantially different and a division of responsibilities ensures there is a proper balance of
authority and responsibility on the board.
7.3 Elect Li Dalong as Director Mgmt For For
7.4 Elect Wei Xianzhong as Director
Mgmt
For
Against
Blended Rationale: A vote AGAINST Wei Xianzhong is warranted as he failed to attend at least 75 percent of board meetings in
the most recent fiscal year, without a satisfactory explanation.
7.5 Elect Yue Yuan as Director Mgmt For For
7.6 Elect Wan Kam To as Director
Mgmt
For
Against
Blended Rationale: Board mandates: A vote against is applied as LGIM expects non-executive directors not to hold too many
external roles to ensure they can undertake their duties effectively.
7.7 Elect Wong Chui Ping Cassie as Director Mgmt For For
7.8 Elect Wang Peng as Director Mgmt For For
ELECT SUPERVISORS Mgmt
8.1 Elect Shi Zhengyu as Supervisor Mgmt For For
8.2 Elect Wang Gonghu as Supervisor Mgmt For For
8.3 Elect Wang Shao as Supervisor Mgmt For For
9 Authorize Board to Fix Remuneration of
Directors
Mgmt For For
10 Authorize Supervisory Committee to Fix
Remuneration of Supervisors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
A-Living Services Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
11 Approve PricewaterhouseCoopers as Auditor
and Authorize Board to Fix Their
Remuneration
Mgmt For Against
Blended Rationale: Auditor fees: A vote against is applied as LGIM does not expect excessive non-audit work to be conducted
by the company's external auditors as this will bring into question the independence of their judgement.
12 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Domestic Shares/Unlisted Foreign Shares/H
Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
13 Approve Expansion of Business Scope Mgmt For For
14 Amend Articles of Association
Mgmt
For
For
Beijing Dabeinong Technology Group Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0772N108
Ticker: 002385
Primary ISIN: CNE100000N61
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Audit Report Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Authorization to the Chairman of the
Board
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to absence of check and balance in the decision-making policy.
9 Approve Provision of Guarantee
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing Dabeinong Technology Group Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10 Approve Continued Use of Own Idle Funds to
Purchase Low-risk Financial Products
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
Beijing Enlight Media Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Special
Primary Security ID: Y0773B103
Ticker: 300251
Primary ISIN: CNE100001617
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Employee Share Purchase Plan Draft
and Summary
Mgmt
For
For
2 Approve Management Method of Employee
Share Purchase Plan
Mgmt For For
3 Approve Authorization of the Board to Handle
All Matters Related to Employee Share
Purchase Plan
Mgmt For For
Beijing Oriental Yuhong Waterproof Technology Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y07729109
Ticker: 002271
Primary ISIN: CNE100000CS3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Financial Budget Report Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing Oriental Yuhong Waterproof Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8
Approve Remuneration of Directors
Mgmt
For
For
9 Approve Remuneration of Supervisors Mgmt For For
10 Approve Application of Comprehensive Credit
Lines
Mgmt For For
11 Approve Provision of Guarantee Mgmt For For
12 Approve Issuance of Super Short-term
Commercial Papers
Mgmt For For
13 Approve External Guarantee Mgmt For For
14 Approve Use of Idle Own Funds for Cash
Management
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
15 Approve Change of Registered Capital and
Amend Articles of Association
Mgmt For For
China International Capital Corporation Limited
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1R99Y109
Ticker: 3908
Primary ISIN: CNE100002359
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve 2019 Work Report of the Board of
Directors
Mgmt
For
For
2 Approve 2019 Work Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Annual Report Mgmt For For
4 Approve 2019 Profit Distribution Plan Mgmt For For
5 Approve Deloitte Touche Tohmatsu Certified
Public Accountants LLP as Domestic
Accounting Firm and Deloitte Touche
Tohmatsu as International Accounting Firm
and Authorize Board to Fix Their
Remuneration
Mgmt For For
6 Approve Plan on Authorization of the
Shareholders' General Meeting to the Board of
Directors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China National Accord Medicines Corp. Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1570W100
Ticker: 200028
Primary ISIN: CNE0000009M8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF B SHARES
Mgmt
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Appointment of Financial Auditor and
Internal Control Auditor
Mgmt For For
6 Approve Provision of Guarantee Mgmt For For
7 Approve Provision of Guarantee by Controlled
Subsidiary to its Wholly-owned Subsidiary
Mgmt For For
8 Approve Daily Related Party Transaction Mgmt For For
9 Approve Provision of Financial Services Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
China Satellite Communications Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1R121105
Ticker: 601698
Primary ISIN: CNE100003PX9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Satellite Communications Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
5 Approve Financial Budget Report Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
6 Approve Financial Services Agreement and
Related Party Transactions
Mgmt
For
Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed financial service agreements
with the group finance company may expose the company to unnecessary risks.- There are inherent risks associated with the
financial services to be provided under this proposal.
7 Approve Appointment of Financial Auditor and Mgmt For For
8
Internal Control Auditor
Approve Report of the Independent Directors
Mgmt
For
For
9 Approve Daily Related-Party Transactions Mgmt For For
10 Approve Allocation of Income and Dividends Mgmt For For
FangDa Carbon New Material Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y51720103
Ticker: 600516
Primary ISIN: CNE000001CC6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
ELECT NON-INDEPENDENT DIRECTOR VIA
CUMULATIVE VOTING
Mgmt
7.1 Elect Qiu Yapeng as Non-Independent
Director
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Federal Grid Co. of Unified Energy System PJSC
Meeting Date: 05/15/2020 Country: Russia
Meeting Type: Annual
Primary Security ID: X2393G109
Ticker: FEES
Primary ISIN: RU000A0JPNN9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report
Mgmt
For
For
2 Approve Financial Statements Mgmt For For
3 Approve Allocation of Income Mgmt For For
4 Approve Dividends of RUB 0.009 per Share Mgmt For For
5 Approve Remuneration of Directors Mgmt For Against
Blended Rationale: A vote AGAINST this item is warranted because the proposal is based on the regulations that the base fee
of non-executive directors is linked to the performance indicator, the company's revenue, which is uncommon in Russia and is
in deviation of the local corporate governance code recommending against performance-based remuneration for non-executive
directors.
6 Approve Remuneration of Members of Audit
Commission
Mgmt For Against
Blended Rationale: A vote AGAINST this item is warranted because the remuneration of the audit commission members
contains performance-based variable base fee.
Elect 11 Directors by Cumulative Voting Mgmt
7.1 Elect Pavel Grachev as Director Mgmt None For
7.2 Elect Pavel Grebtsov as Director Mgmt None Against
7.3 Elect Igor Kamenskoi as Director Mgmt None Against
7.4 Elect Pavel Livinskii as Director Mgmt None Against
7.5 Elect Iurii Manevich as Director Mgmt None Against
7.6 Elect Andrei Murov as Director Mgmt None Against
7.7 Elect Leonid Neganov as Director Mgmt None Against
7.8 Elect Larisa Romanovskaia as Director Mgmt None Against
7.9 Elect Nikolai Roshchenko as Director Mgmt None Against
7.10 Elect Ernesto Ferlenghi as Director Mgmt None For
7.11 Elect Vladimir Furgalskii as Director Mgmt None Against
Elect Five Members of Audit Commission Mgmt
8.1 Elect Evgenii Bodriashov as Member of Audit
Commission
Mgmt For For
8.2 Elect Andrei Gabov as Member of Audit
Commission
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Federal Grid Co. of Unified Energy System PJSC
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8.3
Elect Tatiana Zobkova as Member of Audit
Commission
Mgmt
For
For
8.4 Elect Svetlana Kim as Member of Audit
Commission
Mgmt For For
8.5 Elect Dmitrii Ponomarev as Member of Audit
Commission
Mgmt For For
9 Ratify Ernst and Young as Auditor Mgmt For For
10 Approve Early Termination of Powers of Sole
Executive Body
Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted, because:- The person(s) acting on behalf of the general
director (CEO) is no longer directly accountable to shareholders, but instead to a legal entity controlled by the majority
shareholder only; and- The company does not provide a compelling rationale for the proposed appointment.
11 Approve Transfer of Powers of Sole Executive
Body to Managing Company PJSC Rosseti
Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted, because: - The person(s) acting on behalf of the general
director (CEO) is no longer directly accountable to shareholders, but instead to a legal entity controlled by the majority
shareholder only; and - The company does not provide a compelling rationale for the proposed appointment.
12 Approve New Edition of Charter Mgmt For Against
Blended Rationale: Governance Concerns: A vote AGAINST is warranted because the proposed amendments could have a
negative impact on shareholders' rights.
13 Approve New Edition of Regulations on
General Meetings
14 Approve New Edition of Regulations on Board
of Directors
15 Approve New Edition of Regulations on
Remuneration of Directors
16 Approve New Edition of Regulations on Audit
Commission
17 Approve New Edition of Regulations on
Remuneration of Members of Audit
Commission
18 Approve New Edition of Regulations on
Management
Mgmt
Mgmt
Mgmt
Mgmt
Mgmt
Mgmt
For
For
For
For
For
For
For
For
For
For
For
For
Gemdale Corp.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2685G105
Ticker: 600383
Primary ISIN: CNE000001790
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Gemdale Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Appointment of Auditor Mgmt For For
6 Approve Annual Report Mgmt For For
7 Approve External Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of this loan
guarantee request.
8 Approve Issuance of Debt Financing
Instruments
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted as the proposal include authorization on issuance of dilutive financial
instruments without further disclosure on pertinent details.
GRG Banking Equipment Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Special
Primary Security ID: Y2889S103
Ticker: 002152
Primary ISIN: CNE100000650
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Change of Business Scope Mgmt For For
2 Approve Amendments to Articles of
Association to Expand Business Scope
Mgmt
For
For
Guanghui Energy Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9724D100
Ticker: 600256
Primary ISIN: CNE0000012G4
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guanghui Energy Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Independent Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve Termination of Performance Shares
and Stock Option Incentive Plan as well as
Repurchase Cancellation of Relevant
Performance Shares and Stock Options
Mgmt For For
8 Approve Formulation of Shareholder Return
Plan
Mgmt For For
9 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
10 Approve Related Party Transactions Mgmt For For
Guangzhou Shiyuan Electronic Technology Co. Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y29355107
Ticker: 002841
Primary ISIN: CNE100002K47
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Appointment of Auditor Mgmt For For
7 Approve Application of Comprehensive Bank
Credit Lines
Mgmt For For
8 Approve Foreign Exchange Hedging Business Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guangzhou Shiyuan Electronic Technology Co. Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
9 Approve Use of Idle Own Funds to Purchase
Low-risk Financial Products
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
10 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
11 Approve Shareholder Dividend Return Plan Mgmt For For
12 Approve Decrease in Registered Capital and
Amend Articles of Association
Mgmt For For
13 Amend Company System Mgmt For For
14 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
Guosen Securities Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Special
Primary Security ID: Y295A2103
Ticker: 002736
Primary ISIN: CNE100001WS9
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Amendments to Articles of
Association
Mgmt For For
Hangzhou Hikvision Digital Technology Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3038Z105
Ticker: 002415
Primary ISIN: CNE100000PM8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hangzhou Hikvision Digital Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
4
Approve Financial Statements
Mgmt
For
For
5 Approve Profit Distribution Mgmt For For
6 Approve Internal Control Self-Evaluation
Report
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Related Party Transaction Mgmt For For
9 Approve Application of Credit Lines Mgmt For For
10 Approve Provision of Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
11 Approve Financial Services Agreement Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since the proposed financial service agreement with
the group finance company may expose the company to unnecessary risks.
12 Approve Provision of Guarantee to Controlled
Subsidiary
Mgmt For For
13 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
14 Approve Foreign Exchange Hedging
Transactions
Mgmt For For
15 Approve to Adjust the Third Unlocking Period
Performance Evaluation Benchmarking
Enterprise in Connection to Performance
Share Incentive Plan
Mgmt For For
16 Amend the Company's Performance
Evaluation Indicators in Connection to
Performance Share Incentive Plan
Mgmt For For
17 Approve Financial Assistance Provision Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of loan to be provided to the receiving entities is
disproportionate to the company's ownership in the said entities. The company has failed to provide any justifications in the
meeting circular.
18 Approve Provision of Guarantee by Controlled
Subsidiary
Mgmt For For
Holitech Technology Co. Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7677V101
Ticker: 002217
Primary ISIN: CNE1000009K0
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Holitech Technology Co. Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Internal Control Self-evaluation
Report
Mgmt For For
4 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
5 Approve Authorization of Chairman to Handle
Application of Loan from Financial Institution
Mgmt For For
6 Approve Provision of Guarantee Mgmt For For
7 Approve Profit Distribution for First Quarter SH For For
8 Approve Use of Idle Own Funds to Invest in
Financial Products
Mgmt For For
9 Approve Daily Related-party Transactions Mgmt For For
10 Approve Financial Statements Mgmt For For
11 Approve Authorization of Chairman to Handle
the Borrowings from Shareholder and
Related-party Transaction
Mgmt For For
12 Approve Report of the Board of Supervisors Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
13.1 Elect Chen Guisheng as Non-independent
Director
SH For For
13.2 Elect Huang Xuhui as Non-independent
Director
SH For For
13.3 Elect Zheng Shu as Non-independent Director SH For For
13.4 Elect Lin Weijie as Non-independent Director SH For For
13.5 Elect Su Qiying as Non-independent Director SH For For
13.6 Elect Ma Xiaojun as Non-independent Director SH For For
13.7 Elect Wang Yongyong as Non-independent
Director
Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
14.1 Elect Li Lu as Independent Director Mgmt For For
14.2 Elect Xu Bo as Independent Director Mgmt For For
14.3 Elect Lin Liyong as Independent Director Mgmt For For
14.4 Elect Yan Hui as Independent Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Holitech Technology Co. Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
15.1 Elect Wang Zuo as Supervisor
Mgmt
SH
For
For
15.2 Elect Wu Binbin as Supervisor
SH For
For
16 Approve Profit Distribution
SH For
For
Hua Xia Bank Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y37467118
Ticker: 600015
Primary ISIN: CNE000001FW7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Allocation of Income and Dividends Mgmt For For
5 Approve Financial Budget Report Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
6 Approve Appointment of Auditor and Payment
of Remuneration
Mgmt For For
7 Approve Issuance of Financial Bonds and
Related Authorizations
Mgmt For For
8 Approve Report on the Implementation of the
Related Party Transaction Management
System and Related Party Transactions
Mgmt For For
APPROVE RELATED PARTY TRANSACTIONS Mgmt
9.1 Approve Related Party Transactions with
Shougang Group Co., Ltd.
Mgmt For For
9.2 Approve Related Party Transactions with
State Grid Yingda International Holdings
Group Co., Ltd.
Mgmt For For
9.3 Approve Related Party Transactions with
People's Insurance Company of China Co.,
Ltd.
Mgmt For For
9.4 Approve Related Party Transactions with
Beijing Infrastructure Investment Co., Ltd.
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hua Xia Bank Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
9.5
Approve Related Party Transactions with
Huaxia Financial Leasing Co., Ltd.
Mgmt
For
For
10 Approve Report of the Board of Supervisors
on the Evaluation of the Performance of the
Board of Directors and its Members
Mgmt For For
11 Approve Report of the Board of Supervisors
on the Performance Evaluation of Supervisors
Mgmt For For
Huapont Life Sciences Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y15896114
Ticker: 002004
Primary ISIN: CNE000001JJ6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
7 Approve Appointment of Auditor Mgmt For For
8 Amend Articles of Association Mgmt For For
9 Amend Provision of Financial Assistance
Management Method
Mgmt For For
10 Amend Management System of Usage of
Raised Funds
Mgmt For For
11 Amend Management System for Providing
External Guarantees
Mgmt For For
12 Approve Provision of Guarantee Mgmt For For
13 Approve Provision of Financial Assistance Mgmt For For
14 Approve Issuance of Medium-term Notes Mgmt For For
15 Approve Overseas Issuance of Bonds Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of the embedded
guarantee request under the bond issuance proposal.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hundsun Technologies, Inc.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3041V109
Ticker: 600570
Primary ISIN: CNE000001GD5
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Internal Control Self-Evaluation
Report
Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve Appointment of Auditor and Its
Remuneration
Mgmt For For
8 Approve Construction and Development of the
Second Phase Project
Mgmt For For
9 Approve Related Party Transaction in
Connection to Merger by Absorption
Mgmt For For
10 Approve Application of Liquidation Mgmt For For
11 Approve Related Party Transaction Mgmt For For
12 Approve Application of Comprehensive Credit
Lines
Mgmt For For
13 Approve Overall Plan for Financial Products
Investment
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
Hypera SA
Meeting Date: 05/15/2020 Country: Brazil
Meeting Type: Special
Primary Security ID: P5230A101
Ticker: HYPE3
Primary ISIN: BRHYPEACNOR0
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hypera SA
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Agreement to Acquire All Shares of
the Company to Be Incorporated in Brazil and
Held by Takeda Pharmaceutical International
AG (Takeda) and Affiliates
Mgmt
For
For
2 Ratify Planconsult Planejamento e Consultoria
Ltda. as the Independent Firm to Appraise
Proposed Transaction
Mgmt For For
3 Approve Independent Firm's Appraisal Mgmt For For
Jiangsu Zhongnan Construction Group Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Special
Primary Security ID: Y4451G103
Ticker: 000961
Primary ISIN: CNE0000011P7
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Guarantee Provision Plan Mgmt For For
2 Approve Provision of Loan
Mgmt
For
For
NAURA Technology Group Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0772M100
Ticker: 002371
Primary ISIN: CNE100000ML7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution and Capitalization
of Capital Reserves
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
NAURA Technology Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Appointment of Auditor
Mgmt
For
For
7 Approve Daily Related Party Transactions Mgmt For For
8 Approve Comprehensive Credit Line
Application
Mgmt For For
9 Approve Guarantee Provision Plan Mgmt For For
10 Approve Issuance of Super Short-term
Commercial Papers and Medium-term Notes
Mgmt For For
Northeast Securities Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y6411E102
Ticker: 000686
Primary ISIN: CNE0000004H9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
APPROVE DAILY RELATED PARTY
TRANSACTIONS
Mgmt
7.1 Approve Related Party Transaction with
Yinhua Fund Management Co., Ltd.
Mgmt For For
7.2 Approve Related Party Transaction with Bank
of Jilin
Mgmt For For
8 Approve to Appoint Auditor Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
9.1 Elect Li Fuchun as Non-Independent Director Mgmt For For
9.2 Elect He Junyan as Non-Independent Director Mgmt For For
9.3 Elect Cui Wei as Non-Independent Director Mgmt For For
9.4 Elect Song Shanglong as Non-Independent
Director
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Northeast Securities Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
9.5
Elect Sun Xiaofeng as Non-Independent
Director
Mgmt
For
For
9.6 Elect Liu Shusen as Non-Independent Director Mgmt For For
9.7 Elect Tai Ge as Non-Independent Director Mgmt For For
9.8 Elect Zhang Hongdong as Non-Independent
Director
Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
10.1 Elect Shi Jichun as Independent Director Mgmt For For
10.2 Elect Li Dongfang as Independent Director Mgmt For For
10.3 Elect Cui Jun as Independent Director Mgmt For For
10.4 Elect Wang Wensheng as Independent
Director
Mgmt For For
10.5 Elect Ren Chong as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
11.1 Elect Yang Shucai as Supervisor Mgmt For For
11.2 Elect Wang Huamin as Supervisor Mgmt For For
11.3 Elect Tian Kuiwu as Supervisor Mgmt For For
11.4 Elect Qin Yin as Supervisor Mgmt For For
11.5 Elect Cui Xuebin as Supervisor Mgmt For For
11.6 Elect Wei Yihua as Supervisor Mgmt For For
Orient Securities Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2059V100
Ticker: 3958
Primary ISIN: CNE1000027F2
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF H SHARES Mgmt
1 Approve 2019 Report of the Board of
Directors
2 Approve 2019 Report of Supervisory
Committee
Mgmt
Mgmt
For
For
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Orient Securities Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
3
Approve 2019 Final Accounts Report
Mgmt
For
For
4 Approve 2019 Profit Distribution Proposal Mgmt For For
5 Approve 2019 Annual Report Mgmt For For
6 Approve 2020 Company Proprietary Business
Scale
Mgmt For For
7 Approve Conduction of Asset-Backed
Securitization Business with the Company's
Credit Assets from Its Financing Businesses
Mgmt For For
RESOLUTIONS IN RELATION TO THE
PROJECTED ROUTINE RELATED-PARTY
TRANSACTIONS OF THE COMPANY IN 2020
Mgmt
8.01 Approve Routine Related-Party Transactions
with Shenergy (Group) Company Limited and
Its Related Companies
Mgmt For For
8.02 Approve Routine Related-Party Transactions
with Other Related Parties
Mgmt For For
9 Approve 2020 Provision of Guarantees Mgmt For For
10 Approve 2020 Appointment of Auditors Mgmt For For
11 Elect Zhou Donghui as Director Mgmt For For
12 Approve Shareholders' Returns in the Next
Three Years (2020-2022)
Mgmt For For
RESOLUTIONS IN RELATION TO THE
GENERAL MANDATE TO ISSUE ONSHORE
DEBT FINANCING INSTRUMENTS OF THE
COMPANY
Mgmt
13.01 Approve Issue Size of the Debt Financing
Instruments
Mgmt For For
13.02 Approve Issue Type of the Debt Financing
Instruments
Mgmt For For
13.03 Approve Issue Term of the Debt Financing
Instruments
Mgmt For For
13.04 Approve Interest Rate and Basis of
Determination of the Debt Financing
Instruments
Mgmt For For
13.05 Approve Issue Method and Issue Target Mgmt For For
13.06 Approve Use of Proceeds Mgmt For For
13.07 Approve Authorization Matters Mgmt For For
13.08 Approve Validity Period of Resolution Mgmt For For
14 Amend Articles of Association Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Orient Securities Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
15 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Additional A and/or H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST the general A and/or H share issuance mandate is warranted for the
following:- The share issuance limit exceeds 10 percent.- The company has not specified the discount limit.
Orient Securities Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2059V100
Ticker: 3958
Primary ISIN: CNE1000027F2
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of Supervisory
Committee
Mgmt For For
3 Approve 2019 Final Accounts Report Mgmt For For
4 Approve 2019 Profit Distribution Proposal Mgmt For For
5 Approve 2019 Annual Report Mgmt For For
6 Approve 2020 Company Proprietary Business
Scale
Mgmt For For
RESOLUTIONS IN RELATION TO THE
GENERAL MANDATE TO ISSUE ONSHORE
DEBT FINANCING INSTRUMENTS OF THE
COMPANY
Mgmt
7.1 Approve Issue Size of the Debt Financing
Instruments
Mgmt For For
7.2 Approve Issue Type of the Debt Financing
Instruments
Mgmt For For
7.3 Approve Issue Term of the Debt Financing
Instruments
Mgmt For For
7.4 Approve Interest Rate and Basis of
Determination of the Debt Financing
Instruments
Mgmt For For
7.5 Approve Issue Method and Issue Target Mgmt For For
7.6 Approve Use of Proceeds Mgmt For For
7.07 Approve Authorization Matters Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Orient Securities Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7.08
Approve Validity Period of Resolution
Mgmt
For
For
8 Approve Conduction of Asset-Backed
Securitization Business with the Company's
Credit Assets from Its Financing Businesses
Mgmt For For
RESOLUTIONS IN RELATION TO THE
PROJECTED ROUTINE RELATED-PARTY
TRANSACTIONS OF THE COMPANY IN 2020
Mgmt
9.1 Approve Routine Related-Party Transactions
with Shenergy (Group) Company Limited and
Its Related Companies
Mgmt For For
9.2 Approve Routine Related-Party Transactions
with Other Related Parties
Mgmt For For
10 Approve 2020 Provision of Guarantees Mgmt For For
11 Approve 2020 Appointment of Auditors Mgmt For For
12 Amend Articles of Association Mgmt For For
13 Elect Zhou Donghui as Director Mgmt For For
14 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Additional A and/or H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST the general A and/or H share issuance mandate is warranted for the
following:- The share issuance limit exceeds 10 percent.- The company has not specified the discount limit.
15 Approve Shareholder Return Plan Mgmt For For
PT Perusahaan Gas Negara Tbk
Meeting Date: 05/15/2020 Country: Indonesia
Meeting Type: Annual
Primary Security ID: Y7136Y118
Ticker: PGAS
Primary ISIN: ID1000111602
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Accept Annual Report and Report of the
Partnership and Community Development
Program (PCDP)
Mgmt
For
For
2 Approve Financial Statements, Financial
Report of the Partnership and Community
Development Program (PCDP), and Discharge
of Directors and Commissioners
Mgmt For For
3 Approve Allocation of Income and Dividends Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
PT Perusahaan Gas Negara Tbk
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
4
Approve Remuneration and Tantiem of
Directors and Commissioners
Mgmt
For
For
5 Approve Auditors of the Company and the
Partnership and Community Development
Program (PCDP)
Mgmt For For
6 Approve Changes in Boards of Company Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted given the lack of information to make an informed voting
decision.
7 Amend Article 3 of the Articles of Association Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted given the lack of information to make an informed voting
decision.
Shandong Chenming Paper Holdings Limited
Meeting Date: 05/15/2020 Country: China
Meeting Type: Special
Primary Security ID: Y7682V104
Ticker: 200488
Primary ISIN: CNE000000QM7
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF B SHARES Mgmt
1 Approve 2020 Restricted Share Incentive
Scheme (Draft) of Shandong Chenming Paper
Holdings Limited (Draft) and Its Summary
Mgmt
For
Against
Blended Rationale: A vote AGAINST these proposals is warranted given the following: - the Incentive Scheme permits shares to
be issued with a grant price at a discount of more than 10 percent to recent market prices; and - the board was not able to
provide a compelling justification as to why the company will be issuing shares at a discount.
2 Approve Assessment Management Measures
for the Implementation of the 2020 Restricted
Share Incentive Scheme (Draft) of Shandong
Chenming Paper Holdings Limited
Mgmt For Against
Blended Rationale: A vote AGAINST these proposals is warranted given the following: - the Incentive Scheme permits shares to
be issued with a grant price at a discount of more than 10 percent to recent market prices; and - the board was not able to
provide a compelling justification as to why the company will be issuing shares at a discount.
3 Authorize Board to Deal with All Matters in
Relation to the Share Incentive Scheme of the
Company
Mgmt For Against
Blended Rationale: A vote AGAINST these proposals is warranted given the following: - the Incentive Scheme permits shares to
be issued with a grant price at a discount of more than 10 percent to recent market prices; and - the board was not able to
provide a compelling justification as to why the company will be issuing shares at a discount.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shandong Chenming Paper Holdings Limited
Meeting Date: 05/15/2020 Country: China
Meeting Type: Special
Primary Security ID: Y7682V104
Ticker: 200488
Primary ISIN: CNE000000QM7
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
EGM BALLOT FOR HOLDERS OF H SHARES Mgmt
1 Approve 2020 Restricted Share Incentive
Scheme (Draft) of Shandong Chenming Paper
Holdings Limited (Draft) and Its Summary
Mgmt
For
Against
Blended Rationale: A vote AGAINST these proposals is warranted given the following: - the Incentive Scheme permits shares to
be issued with a grant price at a discount of more than 10 percent to recent market prices; and - the board was not able to
provide a compelling justification as to why the company will be issuing shares at a discount.
2 Approve Assessment Management Measures
for the Implementation of the 2020 Restricted
Share Incentive Scheme (Draft) of Shandong
Chenming Paper Holdings Limited
Mgmt For Against
Blended Rationale: A vote AGAINST these proposals is warranted given the following: - the Incentive Scheme permits shares to
be issued with a grant price at a discount of more than 10 percent to recent market prices; and - the board was not able to
provide a compelling justification as to why the company will be issuing shares at a discount.
3 Authorize Board to Deal with All Matters in
Relation to the Share Incentive Scheme of the
Company
Mgmt For Against
Blended Rationale: A vote AGAINST these proposals is warranted given the following: - the Incentive Scheme permits shares to
be issued with a grant price at a discount of more than 10 percent to recent market prices; and - the board was not able to
provide a compelling justification as to why the company will be issuing shares at a discount.
Shandong Chenming Paper Holdings Limited
Meeting Date: 05/15/2020 Country: China
Meeting Type: Special
Primary Security ID: Y7682V104
Ticker: 200488
Primary ISIN: CNE000000QM7
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Approve 2020 Restricted Share Incentive
Scheme (Draft) of Shandong Chenming Paper
Holdings Limited (Draft) and Its Summary
Mgmt
For
Against
Blended Rationale: A vote AGAINST these proposals is warranted given the following: - the Incentive Scheme permits shares to
be issued with a grant price at a discount of more than 10 percent to recent market prices; and - the board was not able to
provide a compelling justification as to why the company will be issuing shares at a discount.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shandong Chenming Paper Holdings Limited
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
2 Approve Assessment Management Measures
for the Implementation of the 2020 Restricted
Share Incentive Scheme (Draft) of Shandong
Chenming Paper Holdings Limited
Mgmt For Against
Blended Rationale: A vote AGAINST these proposals is warranted given the following: - the Incentive Scheme permits shares to
be issued with a grant price at a discount of more than 10 percent to recent market prices; and - the board was not able to
provide a compelling justification as to why the company will be issuing shares at a discount.
3 Authorize Board to Deal with All Matters in
Relation to the Share Incentive Scheme of the
Company
Mgmt For Against
Blended Rationale: A vote AGAINST these proposals is warranted given the following: - the Incentive Scheme permits shares to
be issued with a grant price at a discount of more than 10 percent to recent market prices; and - the board was not able to
provide a compelling justification as to why the company will be issuing shares at a discount.
Shandong Sunpaper Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7681V105
Ticker: 002078
Primary ISIN: CNE000001P52
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Annual Report and Summary Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Daily Related-party Transactions Mgmt For For
6.1 Approve Daily Related-party Transaction with
Shandong Sun Plaza International Hotel Co.,
Ltd.
Mgmt For For
6.2 Approve Daily Related-party Transaction with
Wanguo Sun Paper White Cardboard Co., Ltd.
Mgmt For For
6.3 Approve Daily Related-party Transaction with
Shandong International Sun Paper Paperboard
Co., Ltd.
Mgmt For For
6.4 Approve Daily Related-party Transaction with
Shandong Wanguo Sun Food Packaging
Materials Co., Ltd.
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shandong Sunpaper Co., Ltd. Proposal
Number Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
8 Approve Amendments to Articles of
Association
Mgmt
For
For
9 Approve Investment and Construction of
Guangxi Beihai 3.5 Million Tons
Forest-pulp-paper Integration (Phase I)
Project
Mgmt For For
Shenzhen Everwin Precision Technology Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Special
Primary Security ID: Y7744V100
Ticker: 300115
Primary ISIN: CNE100000T40
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
1.1 Elect Chen Qixing as Non-independent
Director
Mgmt For For
1.2 Elect Chen Xiaoshuo as Non-independent
Director
Mgmt For For
1.3 Elect Zhu Shouli as Non-independent Director Mgmt For For
1.4 Elect Peng Jianchun as Non-independent
Director
Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
2.1 Elect Zhan Weizai as Independent Director Mgmt For For
2.2 Elect Liang Rong as Independent Director Mgmt For For
2.3 Elect Kong Xiangyun as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
3.1 Elect Chen Hang as Supervisor Mgmt For For
3.2 Elect Zhan Min as Supervisor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shenzhen Kaifa Technology Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7740Z105
Ticker: 000021
Primary ISIN: CNE000000FK4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve to Appoint Financial and Internal
Control Auditor
Mgmt For For
7 Approve Comprehensive Credit Line Bank
Application
Mgmt For For
8 Approve Guarantee Provision Plan Mgmt For For
Soochow Securities Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8074Z117
Ticker: 601555
Primary ISIN: CNE1000019P8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Daily Related-party Transactions Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since the proposed purchase of financial products
may expose the company to unnecessary risks.
7 Approve Proprietary Investment Scale Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Soochow Securities Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
8
Approve Amendments to Articles of
Association
Mgmt
For
For
9 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
10 Approve Implementing Rules for Cumulative
Voting System
Mgmt For For
11 Elect Liu Fan as Director Mgmt For For
APPROVE PUBLIC ISSUANCE OF CORPORATE
BONDS
Mgmt
12.1 Approve Issue Scale Mgmt For For
12.2 Approve Placing Arrangements for
Shareholders
Mgmt For For
12.3 Approve Bond Maturity Mgmt For For
12.4 Approve Bond Interest Rate and
Determination Method
Mgmt For For
12.5 Approve Use of Proceeds Mgmt For For
12.6 Approve Listing Exchange Mgmt For For
12.7 Approve Guarantee Matters Mgmt For For
12.8 Approve Resolution Validity Period Mgmt For For
12.9 Approve Authorization Matters Mgmt For For
12.10 Approve Safeguard Measures for Debt
Repayment
Mgmt For For
Suzhou Gold Mantis Construction & Decoration Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8315V107
Ticker: 002081
Primary ISIN: CNE000001P86
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Suzhou Gold Mantis Construction & Decoration Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6 Approve Credit Line Application Mgmt For For
7 Approve Provision of Guarantee for
Subsidiaries within the Scope of Consolidated
Statements
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the meeting circular.
8 Approve Provision of Guarantee for Business
Undertake of Subsidiary
Mgmt For For
9 Approve Provision of Guarantee for Loan of
Singapore Gold Mantis Pte. Ltd.
Mgmt For For
10 Approve Bill Pool Business Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details for shareholder to
effectively assess the associated risks.
11 Approve Accounts Receivable Factoring
Business
Mgmt For For
12 Approve Financial Asset Transfer and
Repurchase Business
Mgmt For For
13 Approve Use of Own Funds to Purchase
Financial and Trust Products
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
14 Approve to Appoint Financial Auditor Mgmt For For
15 Elect Zhang Xinhong as Non-Independent
Director
SH For For
16 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
17 Approve Change of Registered Capital and
Amend Articles of Association
Mgmt For For
18 Approve Merger by Absorption Mgmt For For
Taiji Computer Corp. Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y83605108
Ticker: 002368
Primary ISIN: CNE100000M47
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Taiji Computer Corp. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2
Approve Report of the Board of Supervisors
Mgmt
For
For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Daily Related-party Transaction Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
potentially include a financial service agreement with the group finance company, which may expose the company to
unnecessary risks.- Absent sufficient details, there are inherent risks associated with the financial services to be provided under
this proposal.
7 Approve Financial Service Agreement Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed financial service agreement
with the group finance company may expose the company to unnecessary risks.- There are inherent risks associated with the
financial services to be provided under this proposal.
8 Approve Application of Credit Lines Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed borrowing is considered excessive and may add to the
company's financial burden, which is deemed not in the best interests of shareholders.
9 Approve Provision of Guarantee for Subsidiary Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to one of the guaranteed entity
is disproportionate to the level of ownership in the said entity. The company has failed to provide any justifications in the
meeting circular
Wangsu Science & Technology Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7689Q108
Ticker: 300017
Primary ISIN: CNE100000GQ8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wangsu Science & Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Adjustment on Number of Incentive
Objects and Scale of Grant of 2017 Stock
Options and Performance Shares and
Repurchase and Cancellation of Performance
Shares
Mgmt
For
For
7 Approve Repurchase and Cancellation of 2017
Stock Option and Performance Shares,
Exercise Period, Unlocking Period Has Not
Reached the Right to Exercise, Unlocking
Conditions Corresponding to Stock Options
and Performance Shares
Mgmt For For
8 Approve Repurchase and Cancellation of 2017
Stock Option and Performance Shares,
Reservation of Exercise Period, Unlocking
Period Has Not Reached the Right to Exercise,
Unlocking Conditions Corresponding to Stock
Options and Performance Shares
Mgmt For For
9 Approve Change in Registered Capital and
Amendments to Articles of Association
Mgmt For For
10 Approve Provision for Asset Impairment and
Write-off
Mgmt For For
Wen's Foodstuff Group Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2R30P108
Ticker: 300498
Primary ISIN: CNE100002508
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Internal Control Self-Evaluation
Report
Mgmt For For
6 Approve Report on the Deposit and Usage of
Raised Funds
Mgmt For For
7 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
8 Approve Related Party Transaction Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wen's Foodstuff Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
9 Approve Provision of Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
10 Approve Remuneration of Directors and
Supervisors
Mgmt For For
11 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
12 Approve to Appoint Auditor Mgmt For For
Wuhu Shunrong Sanqi Interactive Entertainment Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Special
Primary Security ID: Y9717X105
Ticker: 002555
Primary ISIN: CNE1000010N2
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Amendments to Articles of
Association
Mgmt For For
2 Approve to Adjust the Remuneration Plan of
Directors
Mgmt For For
WuXi AppTec Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y971B1118
Ticker: 2359
Primary ISIN: CNE100003F19
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF H SHARES Mgmt
1 Approve 2019 Report of the Board of
Directors
2 Approve 2019 Report of the Supervisory
Committee
Mgmt
Mgmt
For
For
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
WuXi AppTec Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
3 Approve 2019 Annual Report, Annual Report
Summary and Annual Results Announcements
4 Approve 2019 Financial Report
Mgmt
Mgmt
For
For
For
For
5 Approve Provision of External Guarantees for
Subsidiaries
Mgmt
For
Against
Blended Rationale: A vote AGAINST this resolution is warranted given the possibility that the company could be taking in a
disproportionate amount of risk relative to its ownership stake without compelling justification.
6 Approve Deloitte Touche Tohmatsu (a Special
General Partnership) as PRC Financial Report
and Internal Control Report Auditors and
Deloitte Touche Tohmatsu as Offshore
Financial Report Auditors and Authorize Board
to Fix their Remuneration
Mgmt For For
7 Approve Foreign Exchange Hedging Limit Mgmt For For
8 Approve Remuneration of Directors Mgmt For For
9 Approve Remuneration of Supervisors Mgmt For For
10 Approve the Proposal in Relation to the
Compliance with Conditions for the Proposed
Non-Public Issuance of A Shares
Mgmt For For
11 Approve the Remedial Measures Regarding
Dilution on Returns for the Current Period
Due to the Proposed Non-Public Issuance of A
Shares
Mgmt For For
12 Approve the Shareholders' Dividend and
Return Plan (2020-2022)
Mgmt For For
ELECT EXECUTIVE AND NON-EXECUTIVE
DIRECTORS VIA CUMULATIVE VOTING
Mgmt
13.1 Elect Ge Li as Director Mgmt For Against
Blended Rationale: Joint Chair/CEO: A vote against is applied as LGIM expects the roles of Chair and CEO to be separate. These
two roles are substantially different and a division of responsibilities ensures there is a proper balance of authority and
responsibility on the board.
13.2 Elect Edward Hu as Director Mgmt For For
13.3 Elect Zhaohui Zhang as Director
Mgmt
For
For
13.4 Elect Ning Zhao as Director
Mgmt
For
Against
Blended Rationale: Remuneration Committee: A vote against has been applied because LGIM expects the Committee to
comprise independent directors.
13.5 Elect Xiaomeng Tong as Director Mgmt For For
13.6 Elect Yibing Wu as Director Mgmt For For
13.7 Elect Steve Qing Yang as Director Mgmt For For
ELECT INDEPENDENT NON-EXECUTIVE
DIRECTORS VIA CUMULATIVE VOTING
Mgmt
14.1 Elect Jiangnan Cai as Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
WuXi AppTec Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
14.2
Elect Yan Liu as Director
Mgmt
For
For
14.3 Elect Dai Feng as Director Mgmt For For
14.4 Elect Hetong Lou as Director Mgmt For For
14.5 Elect Xiaotong Zhang as Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
15.1 Approve Harry Liang He as Supervisor Mgmt For For
15.2 Approve Jichao Wang as Supervisor Mgmt For For
16 Approve 2019 Profit Distribution Plan Mgmt For For
17 Approve Increase in Registered Capital Mgmt For For
18 Approve Amendments to Articles of
Association
Mgmt For For
19 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
20 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
21 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for A
Shares and/or H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
22 Authorize Repurchase of Issued A and H
Share Capital
Mgmt For For
RESOLUTIONS IN RELATION TO THE
PROPOSED NON-PUBLIC ISSUANCE OF A
SHARES UNDER GENERAL MANDATE
Mgmt
23.1 Approve Class and Par Value of Shares to be
Issued
Mgmt For For
23.2 Approve Method and Time of Issuance Mgmt For For
23.3 Approve Target Subscribers and Method of
Subscription
Mgmt For For
23.4 Approve Issue Price and Pricing Principles Mgmt For For
23.5 Approve Number of A Shares to be Issued Mgmt For For
23.6 Approve Lock-up Period Mgmt For For
23.7 Approve Place of Listing Mgmt For For
23.8 Approve Arrangement for the Retained
Undistributed Profits Prior to the Proposed
Non-Public Issuance of A Shares
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
WuXi AppTec Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
23.9 Approve Validity Period of the Resolutions in
Relation to the Proposed Non-Public Issuance
of A Shares
23.10 Approve Amount and Use of Proceeds
Mgmt
Mgmt
For
For
For
For
24 Approve Feasibility Report
Mgmt
For
For
25 Approve the Report on the Use of Proceeds
from Previous Fund Raising
26 Approve the Authorization to the Board, the
Chairman and/or Authorized Persons of the
Chairman in Relation to the Proposed
Non-Public Issuance of A Shares
27 Approve the Proposed Issuance of H Shares
Under Specific Mandate
Mgmt
Mgmt
Mgmt
For
For
For
For
For
For
WuXi AppTec Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Special
Primary Security ID: Y971B1118
Ticker: 2359
Primary ISIN: CNE100003F19
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Approve 2019 Profit Distribution Plan
Mgmt
For
For
2 Authorize Repurchase of Issued A and H
Share Capital
3 Approve the Proposed Issuance of H Shares
Under Specific Mandate
Mgmt
Mgmt
For
For
For
For
WuXi AppTec Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y971B1118
Ticker: 2359
Primary ISIN: CNE100003F19
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
WuXi AppTec Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Annual Report, Annual Report
Summary and Annual Results Announcements
Mgmt For For
4 Approve 2019 Financial Report Mgmt For For
5 Approve 2019 Profit Distribution Plan Mgmt For For
6 Approve Provision of External Guarantees for
Subsidiaries
Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted given the possibility that the company could be taking in a
disproportionate amount of risk relative to its ownership stake without compelling justification.
7 Approve Deloitte Touche Tohmatsu (a Special
General Partnership) as PRC Financial Report
and Internal Control Report Auditors and
Deloitte Touche Tohmatsu as Offshore
Financial Report Auditors and Authorize Board
to Fix their Remuneration
Mgmt For For
8 Approve Foreign Exchange Hedging Limit Mgmt For For
9 Approve Increase in Registered Capital Mgmt For For
10 Approve Amendments to Articles of
Association
Mgmt For For
11 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
12 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
13 Approve Remuneration of Directors Mgmt For For
14 Approve Remuneration of Supervisors Mgmt For For
15 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for A
Shares and/or H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
16 Authorize Repurchase of Issued A and H
Share Capital
Mgmt For For
17 Approve the Proposal in Relation to the
Compliance with Conditions for the Proposed
Non-Public Issuance of A Shares
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
WuXi AppTec Co., Ltd.
Proposal
Number Proposal Text
Vote
Instruction Proponent Mgmt Rec
RESOLUTIONS IN RELATION TO THE
PROPOSED NON-PUBLIC ISSUANCE OF A
SHARES UNDER GENERAL MANDATE
Mgmt
18.1 Approve Class and Par Value of Shares to be
Issued
Mgmt For For
18.2 Approve Method and Time of Issuance Mgmt For For
18.3 Approve Target Subscribers and Method of
Subscription
Mgmt For For
18.4 Approve Issue Price and Pricing Principles Mgmt For For
18.5 Approve Number of A Shares to be Issued Mgmt For For
18.6 Approve Lock-up Period Mgmt For For
18.7 Approve Place of Listing Mgmt For For
18.8 Approve Arrangement for the Retained
Undistributed Profits Prior to the Proposed
Non-Public Issuance of A Shares
Mgmt For For
18.9 Approve Validity Period of the Resolutions in
Relation to the Proposed Non-Public Issuance
of A Shares
Mgmt For For
18.10 Approve Amount and Use of Proceeds Mgmt For For
19 Approve Feasibility Report Mgmt For For
20 Approve the Report on the Use of Proceeds
from Previous Fund Raising
Mgmt For For
21 Approve the Remedial Measures Regarding
Dilution on Returns for the Current Period
Due to the Proposed Non-Public Issuance of A
Shares
Mgmt For For
22 Approve the Shareholders' Dividend and
Return Plan (2020-2022)
Mgmt For For
23 Approve the Authorization to the Board, the
Chairman and/or Authorized Persons of the
Chairman in Relation to the Proposed
Non-Public Issuance of A Shares
Mgmt For For
24 Approve the Proposed Issuance of H Shares
Under Specific Mandate
Mgmt For For
ELECT EXECUTIVE AND NON-EXECUTIVE
DIRECTORS VIA CUMULATIVE VOTING
Mgmt
25.1 Elect Ge Li as Director Mgmt For Against
Blended Rationale: Joint Chair/CEO: A vote against is applied as LGIM expects the roles of Chair and CEO to be separate. These
two roles are substantially different and a division of responsibilities ensures there is a proper balance of authority and
responsibility on the board.
25.2 Elect Edward Hu as Director Mgmt For For
25.4 Elect Zhaohui Zhang as Director
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
WuXi AppTec Co., Ltd.
Proposal
Number Proposal Text
Vote
Instruction Proponent Mgmt Rec
25.5 Elect Ning Zhao as Director
Mgmt
For
Against
Blended Rationale: Remuneration Committee: A vote against has been applied because LGIM expects the Committee to
comprise independent directors.
25.6 Elect Xiaomeng Tong as Director Mgmt
25.7 Elect Yibing Wu as Director Mgmt
25.3 Elect Steve Qing Yang as Director Mgmt
For
For
For
For
For
For
ELECT INDEPENDENT NON-EXECUTIVE Mgmt
DIRECTORS VIA CUMULATIVE VOTING
26.1 Elect Jiangnan Cai as Director Mgmt For
For
26.2 Elect Yan Liu as Director Mgmt For
For
26.3 Elect Hetong Lou as Director Mgmt For
For
26.4 Elect Xiaotong Zhang as Director Mgmt For
For
26.5 Elect Dai Feng as Director Mgmt For
For
ELECT SUPERVISORS VIA CUMULATIVE Mgmt
VOTING
27.1 Approve Harry Liang He as Supervisor Mgmt For
For
27.2 Approve Jichao Wang as Supervisor Mgmt For
For
WuXi AppTec Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Primary Security ID: Y971B1118
Meeting Type: Special Ticker: 2359
Primary ISIN: CNE100003F19
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
CLASS MEETING FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Profit Distribution Plan Mgmt For For
2 Authorize Repurchase of Issued A and H
Share Capital
Mgmt For For
3 Approve the Proposed Issuance of H Shares
Under Specific Mandate
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Yang Quan Coal Industry (Group) Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7703G102
Ticker: 600348
Primary ISIN: CNE000001FP1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve 2019 Daily Related-party
Transactions
Mgmt For For
7 Approve 2020 Daily Related-party
Transactions
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
8 Approve Report of the Independent Directors Mgmt For For
9 Approve Performance Report of Audit Mgmt
Committee
For
For
10 Approve Internal Control Evaluation Report Mgmt For For
11 Approve Internal Control Audit Report Mgmt For
For
12 Approve Signing of Coal Sales Contract Mgmt For
For
13 Approve Signing of Comprehensive Service Mgmt
Contract
For
For
14 Approve Provision of Counter Guarantee Mgmt For For
15 Approve to Appoint Auditor Mgmt For
For
Yango Group Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Primary Security ID: Y2653W108
Meeting Type: Annual Ticker: 000671
Primary ISIN: CNE000000206
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Yango Group Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Financial Budget Report Mgmt For For
7 Approve Appointment of Financial and
Internal Control Auditor
Mgmt For For
8 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For For
9 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
10 Approve Credit Line Bank Application Mgmt For For
11 Approve Authorization of the Board to Handle
All Related Matters Regarding Bidding for
Land
Mgmt For For
12 Approve Guarantee Plan Mgmt For For
13 Approve Provision of Shareholder Loans to
Some Real Estate Project Companies
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
14.1 Elect Lin Tengjiao as Non-independent
Director
Mgmt For For
14.2 Elect Zhu Rongbin as Non-independent
Director
Mgmt For For
14.3 Elect He Mei as Non-independent Director Mgmt For Against
Blended Rationale: Remuneration Committee: A vote against has been applied because LGIM expects the Committee to
comprise independent directors.
14.4 Elect Lin Yihui as Non-independent Director Mgmt For Against
Blended Rationale: Audit Committee: A vote against is applied as LGIM expects the Committee to be comprised of independent
directors.
14.5 Elect Liao Jianfeng as Non-independent Mgmt For For Director
14.6 Elect Zhong Changhao as Non-independent
Director
Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE
Mgmt
15.1 Elect Lu Xiaoma as Independent Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Yango Group Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
15.2
Elect Liu Jingdong as Independent Director
Mgmt
For
For
15.3 Elect Wu Xiangdong as Independent Director Mgmt For For
15.4 Elect Guo Yongqing as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
16.1 Elect Wu Jie as Supervisor Mgmt For For
16.2 Elect Yu Meng as Supervisor Mgmt For For
Zhejiang Expressway Co., Ltd.
Meeting Date: 05/15/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9891F102
Ticker: 576
Primary ISIN: CNE1000004S4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve 2019 Report of the Directors
Mgmt
For
For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Audited Financial Statements Mgmt For For
4 Approve 2019 Final Dividend Mgmt For For
5 Approve 2019 Final Accounts and 2020
Financial Budget
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
6 Approve Deloitte Touche Tohmatsu Certified
Public Accountants Hong Kong as the Hong
Kong Auditors and Authorize Board to Fix
Their Remuneration
Mgmt For For
7 Approve Pan China Certified Public
Accountants as the PRC Auditors and
Authorize Board to Fix Their Remuneration
Mgmt For For
8 Elect Chen Ninghui as Director Mgmt For For
9 Elect Fan Ye as Director Mgmt For For
10 Authorize Board to Approve the Proposed
Directors' Service Contracts and Relevant
Documents and Authorize Any One Executive
Director to Sign Such Contracts and Relevant
Documents
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Zhejiang Expressway Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
11 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for H
Shares and Related Transactions
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The aggregate H share
issuance limit is greater than 10 percent.- The company has not specified the discount limit.
12 Amend Articles of Association Mgmt For For
Bank of Beijing Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y06958113
Ticker: 601169
Primary ISIN: CNE100000734
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Report Mgmt For For
4 Approve Financial Budget Report Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
5 Approve Profit Distribution Mgmt For For
6 Approve Appointment of Auditor Mgmt For For
7 Approve Related-party Credit Line to Beijing
State-owned Assets Management Co., Ltd
Mgmt For For
8 Approve Related-party Credit Line to Beijing
Energy Holding Co., Ltd.
Mgmt For For
9 Approve Related-party Credit Line to China
Three Gorges Corporation
Mgmt For For
10 Approve Related-party Transaction Special
Report
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted due to lack of disclosure.
Bank of Guiyang Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0694A101
Ticker: 601997
Primary ISIN: CNE100002FX2
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Bank of Guiyang Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors
Mgmt
For
For
3 Approve Financial Statements and Financial
Budget Report
Mgmt
For
Against
Blended Rationale: A vote AGAINST Item 3 is warranted due to a lack of disclosure.
4 Approve Profit Distribution Mgmt For For
5 Approve to Appoint Auditor Mgmt For For
6 Amend Authorization Plan of the Board of
Directors on Shareholder Meetings
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to a lack of disclosure.
7 Approve Special Report on Daily Related-party
Transactions
Mgmt For For
APPROVE 2020 DAILY RELATED PARTY
TRANSACTIONS
Mgmt
8.1 Approve Related Party Transaction Between
Guiyang Investment Holding Group Co., Ltd.
and Related Parties
Mgmt For For
8.2 Approve Related Party Transaction Between
Guizhou Wujiang Energy Investment Co., Ltd.
and Related Parties
Mgmt For For
8.3 Approve Related Party Transaction Between
Guizhou Shenqi Investment Co., Ltd. and
Related Parties
Mgmt For For
8.4 Approve Related Party Transaction Between
Guizhou Gas Group Co., Ltd. and Related
Parties
Mgmt For For
8.5 Approve Related Party Transaction with
Guizhou Steel Rope (Group) Co., Ltd.
Mgmt For For
8.6 Approve Related Party Transaction with
Qianhai Life Insurance Co., Ltd.
Mgmt For For
8.7 Approve Related Party Transaction with
Related Natural Persons
Mgmt For For
9 Elect Zhang Ruixin as Supervisor Mgmt For For
10 Approve Performance Evaluation Report of
Board of Directors and Senior Management
Mgmt For For
11 Approve Performance Evaluation Report of
Board of Supervisors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Bank of Ningbo Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0698G104
Ticker: 002142
Primary ISIN: CNE1000005P7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Annual Report and Summary Mgmt For For
3 Approve Financial Statements and Financial
Budget Report
Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve to Appoint Auditor Mgmt For For
6 Approve Amendments to Articles of
Association
Mgmt For For
7 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
8 Amend Related-Party Transaction
Management System
Mgmt For For
9 Approve 2019 Daily Related Party Transaction
and 2020 Daily Related Party Transactions
Mgmt For For
10 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
11 Approve Remuneration Management System
of Directors
Mgmt For For
12 Approve Remuneration Management System
of Chairman and Vice Chairman
Mgmt For For
13 Approve Remuneration Management System
of Supervisors
Mgmt For For
14 Approve Remuneration Management System
of Board of Supervisors
Mgmt For For
15 Approve Report of the Board of Supervisors Mgmt For For
16 Approve Performance Report of the Board of
Directors and Directors
Mgmt For For
17 Approve Performance Report of the Board of
Supervisors and Supervisors
Mgmt For For
18 Approve Performance Report of the Senior
Management and Senior Management
Members
Mgmt For For
19 Approve Performance Report of the Capital
Management
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing Kunlun Tech Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0R7Z5109
Ticker: 300418
Primary ISIN: CNE100001YF2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
APPROVE REPORT OF INDEPENDENT
DIRECTORS
Mgmt
3.1 Approve Report of Zhao Baoqing Mgmt For For
3.2 Approve Report of Chen Hao Mgmt For For
3.3 Approve Report of Xue Lei Mgmt For For
4 Approve Report of the Board of Supervisors Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Amend Articles of Association Mgmt For For
9 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
10 Elect Zhang Donghai as Supervisor SH For For
Beijing New Building Materials Public Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Special
Primary Security ID: Y07708103
Ticker: 000786
Primary ISIN: CNE000000QS4
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Company's Eligibility for Corporate
Bond Issuance
APPROVE CORPORATE BOND ISSUANCE
Mgmt For For
Mgmt
2.1 Approve Issue Scale Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing New Building Materials Public Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
2.2
Approve Par Value and Issue Price
Mgmt
For
For
2.3 Approve Issue Manner and Target Subscribers Mgmt For For
2.4 Approve Variety and Bond Maturity Mgmt For For
2.5 Approve Bond Interest Rate and Payment
Method
Mgmt For For
2.6 Approve Guarantee Method Mgmt For For
2.7 Approve Use of Proceeds Mgmt For For
2.8 Approve Listing Arrangement Mgmt For For
2.9 Approve Safeguard Measures of Debts
Repayment
Mgmt For For
2.10 Approve Underwriting Manner Mgmt For For
2.11 Approve Resolution Validity Period Mgmt For For
2.12 Approve Authorization Matters Mgmt For For
Beijing OriginWater Technology Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0772Q101
Ticker: 300070
Primary ISIN: CNE100000N95
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
APPROVE DAILY RELATED PARTY
TRANSACTIONS
Mgmt
6.1 Approve Related Party Transaction with
Deyang Jinghui Investment Co., Ltd.
Mgmt For For
6.2 Approve Related Party Transaction with Fujian
Zhangfa Bishuiyuan Technology Co., Ltd.
Mgmt For For
6.3 Approve Related Party Transaction with
Guangdong Haiyuan Environmental Protection
Technology Co., Ltd.
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing OriginWater Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6.4
Approve Related Party Transaction with
Guizhou Bishuiyuan Environmental
Technology Co., Ltd.
Mgmt
For
For
6.5 Approve Related Party Transaction with
Guizhou Guishui Investment Development
Co., Ltd.
Mgmt For For
6.6 Approve Related Party Transaction with Jilin
Bishuiyuan Water Technology Co., Ltd.
Mgmt For For
6.7 Approve Related Party Transaction with
Nanjing Urban Construction Environmental
Protection Water Co., Ltd.
Mgmt For For
6.8 Approve Related Party Transaction with
Qingdao Water Affairs Bishuiyuan Technology
Development Co., Ltd.
Mgmt For For
6.9 Approve Related Party Transaction with
Tianjin Bihai Sponge City Co., Ltd.
Mgmt For For
6.10 Approve Related Party Transaction with
Xinjiang Bishuiyuan Environmental Resources
Co., Ltd.
Mgmt For For
6.11 Approve Related Party Transaction with China
Urban and Rural Holdings Group Co., Ltd.
Mgmt For For
6.12 Approve Related Party Transaction with ZTE
Instrument (Shenzhen) Co., Ltd.
Mgmt For For
6.13 Approve Related Party Transaction with
Beijing North Drainage Investment Co., Ltd.
Mgmt For For
7 Approve Appointment of Auditor Mgmt For For
8 Approve Guarantee Provision to Dingyuan
Bishuiyuan Environmental Protection
Technology Co., Ltd.
Mgmt For For
9 Approve Guarantee Provision to Henan
Bishuiyuan Ecological Technology Co., Ltd.
Mgmt For For
10 Approve Guarantee Provision to Beijing
Deqingyuan Agricultural Technology Co., Ltd.
(1)
Mgmt For For
11 Approve Guarantee Provision to Beijing
Deqingyuan Agricultural Technology Co., Ltd.
(2)
Mgmt For For
12 Approve Guarantee Provision to Beijing
Deqingyuan Agricultural Technology Co., Ltd.
(3)
Mgmt For For
13 Approve Guarantee Provision to Beijing
Deqingyuan Agricultural Technology Co., Ltd.
(4)
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Bright Dairy & Food Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7680R105
Ticker: 600597
Primary ISIN: CNE000001C99
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Independent
Directors
Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statement and Financial
Budget
Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Related Party Transaction Mgmt For For
7 Approve to Appoint Internal Control Auditor Mgmt For For
8 Approve Loan and Guarantee Provision Mgmt For For
Changzhou Xingyu Automotive Lighting Systems Co. Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1297L106
Ticker: 601799
Primary ISIN: CNE1000011H2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Appointment of Financial Auditor Mgmt For For
7 Approve Appointment of Internal Control
Auditor
Mgmt For For
8 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Changzhou Xingyu Automotive Lighting Systems Co. Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
9 Approve Credit Line Bank Application Mgmt For For
10 Approve Use of Funds for Cash Management
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
China Northern Rare Earth (Group) High-Tech Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y40840103
Ticker: 600111
Primary ISIN: CNE000000T18
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Report of the Board of Independent
Directors
Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Financial Budget Report Mgmt For For
7 Approve Investment Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
8 Approve Profit Distribution Mgmt For For
9 Approve Related Party Transaction on Rare
Earth Concentrate Supply Contract
Mgmt For For
10 Approve Financial Services Agreement Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
11 Approve Related Party Transaction Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
12 Approve Application of Credit Lines Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Northern Rare Earth (Group) High-Tech Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
13 Approve Provision of Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
14 Approve Shareholder Return Plan Mgmt For Against
Blended Rationale: Dividend approval: A vote AGAINST is warranted due to non-disclosure.
15 Approve to Appoint Auditor Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
16.1 Elect Zhang Weijiang as Supervisor SH For For
16.2 Elect Zhang Dayong as Supervisor SH For For
China Spacesat Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1500D107
Ticker: 600118
Primary ISIN: CNE000000SM3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Report of the Independent Directors Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
7 Approve Financial Services Agreement Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
8 Approve Related Party Transaction Mgmt For For
9 Approve Appointment of Auditor and Internal
Control Auditor
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Contemporary Amperex Technology Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1R48E105
Ticker: 300750
Primary ISIN: CNE100003662
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve Remuneration of Directors Mgmt For For
8 Approve Remuneration of Supervisors Mgmt For For
9 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
10 Approve Related Party Transaction Mgmt For For
11 Approve Guarantee Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
12 Investment in Financial Products Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
13 Approve Credit Line Bank Application Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed borrowing is considered excessive and may add to the
company's financial burden, which is deemed not in the best interests of shareholders.
14 Approve Repurchase and Cancellation of 2018
Performance Shares
Mgmt For For
15 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
16 Amend Articles of Association Mgmt For For
17 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
18 Approve Additional Overseas Corporate Bonds
and Provision of Guarantee
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
COSCO SHIPPING Holdings Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1839M109
Ticker: 1919
Primary ISIN: CNE1000002J7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Report of the Board Mgmt For For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Financial Statements and
Statutory Report
Mgmt For For
4 Approve 2019 Profit Distribution Plan Mgmt For For
5 Approve Guarantees Mandate to the Company
and Its Subsidiaries for the 2019 Provision of
External Guarantees
Mgmt For For
6 Approve PricewaterhouseCoopers as
International Auditors and ShineWing
Certified Public Accountants as Domestic
Auditors and Authorize Board to Fix Their
Remuneration
Mgmt For For
7 Approve Five Shipbuilding Contracts Mgmt For For
8 Approve Proposed Amendments to the Share
Option Incentive Scheme and Summary
Thereof Regarding the Scope of the
Participants
Mgmt For Against
Blended Rationale: Remuneration: Performance period: A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period.
9 Approve Proposed Amendments to the
Appraisal Measures on the Share Option
Incentive Scheme
Mgmt For Against
Blended Rationale: Remuneration: Performance period: A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period.
COSCO SHIPPING Holdings Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Special
Primary Security ID: Y1839M109
Ticker: 1919
Primary ISIN: CNE1000002J7
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
COSCO SHIPPING Holdings Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Approve Proposed Amendments to the Share
Option Incentive Scheme and Summary
Thereof Regarding the Scope of the
Participants
Mgmt
For
Against
Blended Rationale: Remuneration: Performance period: A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period.
2 Approve Proposed Amendments to the
Appraisal Measures on the Share Option
Incentive Scheme
Mgmt For Against
Blended Rationale: Remuneration: Performance period: A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period.
COSCO SHIPPING Holdings Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1839M109
Ticker: 1919
Primary ISIN: CNE1000002J7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Report of the Board Mgmt For For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Financial Statements and
Statutory Report
Mgmt For For
4 Approve 2019 Profit Distribution Plan Mgmt For For
5 Approve Guarantees Mandate to the Company
and Its Subsidiaries for the 2019 Provision of
External Guarantees
Mgmt For For
6 Approve PricewaterhouseCoopers as
International Auditors and ShineWing
Certified Public Accountants as Domestic
Auditors and Authorize Board to Fix Their
Remuneration
Mgmt For For
7 Approve Five Shipbuilding Contracts Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
COSCO SHIPPING Holdings Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
8 Approve Proposed Amendments to the Share
Option Incentive Scheme and Summary
Thereof Regarding the Scope of the
Participants
Mgmt For Against
Blended Rationale: Remuneration: Performance period: A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period.
9 Approve Proposed Amendments to the
Appraisal Measures on the Share Option
Incentive Scheme
Mgmt For Against
Blended Rationale: Remuneration: Performance period: A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period.
COSCO SHIPPING Holdings Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Special
Primary Security ID: Y1839M109
Ticker: 1919
Primary ISIN: CNE1000002J7
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF A SHARES Mgmt
1 Approve Proposed Amendments to the Share
Option Incentive Scheme and Summary
Thereof Regarding the Scope of the
Participants
Mgmt
For
Against
Blended Rationale: Remuneration: Performance period: A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period.
2 Approve Proposed Amendments to the
Appraisal Measures on the Share Option
Incentive Scheme
Mgmt For Against
Blended Rationale: Remuneration: Performance period: A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period.
DLF Limited
Meeting Date: 05/18/2020 Country: India
Meeting Type: Special
Primary Security ID: Y2089H105
Ticker: 532868
Primary ISIN: INE271C01023
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
DLF Limited
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
Postal Ballot Mgmt
1 Reelect Amarjit Singh Minocha as Director
Mgmt
For
For
Jilin Aodong Pharmaceutical Group Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y4451E108
Ticker: 000623
Primary ISIN: CNE000000719
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Report of the Finance Auditor Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve Change in Raised Funds Investment
Project and Use of Remaining Funds and
Interest to Replenish Working Capital
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Amendments to Articles of
Association
Mgmt For For
9 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
10 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
Jointown Pharmaceutical Group Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y444BD102
Ticker: 600998
Primary ISIN: CNE100000W45
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Jointown Pharmaceutical Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Financial Statements
Mgmt
For
For
2 Approve Profit Distribution Mgmt For For
3 Approve Report of the Board of Directors Mgmt For For
4 Approve Report of the Independent Directors Mgmt For For
5 Approve Report of the Supervisors Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Change in Usage of Share
Repurchase
Mgmt For For
APPROVE REMUNERATION OF DIRECTORS,
SUPERVISORS AND SENIOR MANAGERS
Mgmt
9.1 Approve Remuneration of Directors and
Senior Management
Mgmt For For
9.2 Approve Remuneration of Supervisors Mgmt For For
10 Approve Issuance of Medium-term Notes Mgmt For For
11 Approve to Carry-out Online Non-recovery
Factoring Business
Mgmt For For
12 Approve Amendments to Articles of
Association to Expand Business Scope
Mgmt For For
Muyuan Foods Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y6149B107
Ticker: 002714
Primary ISIN: CNE100001RQ3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Financial Budget Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Muyuan Foods Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Profit Distribution
Mgmt
For
For
7 Approve Report on the Deposit and Usage of
Raised Funds
Mgmt For For
8 Approve Application of Bank Credit Lines Mgmt For For
9 Approve Financial Leasing Mgmt For For
10 Approve Provision of Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
11 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For For
12 Approve Appointment of Auditor Mgmt For For
13 Approve Loan from Shareholder Mgmt For For
14 Approve Issuance of Overseas Bonds Mgmt For For
15 Approve Authorization on Issuance of
Overseas Bonds
Mgmt For For
16 Approve Provision of Guarantee to Overseas
Bonds
Mgmt For For
17 Approve Company's Eligibility for Renewable
Corporate Bond Issuance
Mgmt For For
18 Approve Issuance of Renewable Corporate
Bond Issuance
Mgmt For For
19 Approve Authorization of the Board to Handle
All Related Matters on Issuance of Renewable
Corporate Bond Issuance
Mgmt For For
20 Approve to Carry-out Accounts Payable Asset
Backed Business
Mgmt For For
21 Approve Authorization of the Board to Handle
All Related Matters on Accounts Payable Asset
Backed Business
Mgmt For For
22 Approve Issuance of Medium-term Notes Mgmt For For
23 Approve Authorization of the Board to Handle
All Related Matters on Issuance of
Medium-term Notes
Mgmt For For
24 Approve Issuance of Short-term Commercial
Papers
Mgmt For For
25 Approve Authorization of the Board to Handle
All Related Matters on Issuance of Short-term
Commercial Papers
Mgmt For For
26 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
27 Approve Amendments to Articles of
Association
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Offshore Oil Engineering Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y6440J106
Ticker: 600583
Primary ISIN: CNE0000019T2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Provision for Impairment Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve Appointment of Financial and
Internal Control Auditor
Mgmt For For
8 Approve Amendments to Articles of
Association
Mgmt For For
9 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
PT Hanjaya Mandala Sampoerna Tbk
Meeting Date: 05/18/2020 Country: Indonesia
Meeting Type: Annual
Primary Security ID: Y7121Z146
Ticker: HMSP
Primary ISIN: ID1000074008
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Accept Financial Statements and Statutory
Reports
Mgmt
For
For
2 Approve Allocation of Income and Dividends Mgmt For For
3 Approve Tanudiredja, Wibisana, Rintis &
Rekan as Auditor
Mgmt For For
4 Approve Changes in Boards of Company Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
PT Kalbe Farma Tbk
Meeting Date: 05/18/2020 Country: Indonesia
Meeting Type: Annual
Primary Security ID: Y71287208
Ticker: KLBF
Primary ISIN: ID1000125107
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Financial Statements, Statutory
Reports, and Discharge of Directors and
Commissioners
Mgmt
For
For
2 Approve Allocation of Income Mgmt For For
3 Elect Directors and Commissioners Mgmt For For
4 Approve Remuneration of Directors and
Commissioners
Mgmt For For
5 Approve Auditors and Authorize Board to Fix
Their Remuneration
Mgmt For For
PT Tower Bersama Infrastructure Tbk
Meeting Date: 05/18/2020 Country: Indonesia
Meeting Type: Annual
Primary Security ID: Y71372109
Ticker: TBIG
Primary ISIN: ID1000116908
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Financial Statements, Statutory
Reports, and Discharge of Directors and
Commissioners
Mgmt
For
For
2 Approve Allocation of Income and Dividends Mgmt For For
3 Approve Auditors Mgmt For For
4 Approve Remuneration of Directors and
Commissioners
Mgmt For For
5 Elect Directors and Commissioners Mgmt For For
6 Amend Articles of Association Mgmt For Against
Blended Rationale: Governance Concerns: A vote AGAINST this resolution is warranted due to lack of information to make an
informed voting decision.
7 Accept Report on the Use of Proceeds Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
PT XL Axiata Tbk
Meeting Date: 05/18/2020 Country: Indonesia
Meeting Type: Annual
Primary Security ID: Y7125N107
Ticker: EXCL
Primary ISIN: ID1000102502
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Financial Statements, Statutory
Reports, and Discharge of Directors and
Commissioners
Mgmt
For
For
2 Approve Allocation of Income and Dividends Mgmt For For
3 Accept Report on the Use of Proceeds Mgmt
4 Approve Tanudiredja, Wibisana, Rintin dan
Rekan as Auditors and Authorize Board to Fix
Their Remuneration
Mgmt For For
5 Grant Authority to Commissioners to Adjust
the Issued and Paid-Up Capital in Relation to
Implementation of Long Term Incentive
Program 2016 - 2020
Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted given the performance conditions for the grants under the plan
were not disclosed by the company and no further information regarding the proposed issuance, which adversely affect the
ability of shareholders to make an informed voting decision.
6a Elect Mohd Izzaddin Idris and Hans
Wijayasuriya as Commissioners and Approve
Resignation and Discharge of Kenneth Shen
and Peter J. Chambers as Commissioners
Mgmt For For
6b Elect David Arcelus Oses as Director and
Approve Resignation and Discharge of Allan
Russell Bonke as Director
Mgmt For For
7 Approve Remuneration of Directors and
Commissioners
Mgmt For For
Shenzhen Kangtai Biological Products Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y774C4101
Ticker: 300601
Primary ISIN: CNE100002Q33
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shenzhen Kangtai Biological Products Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
3
Approve Financial Statements
Mgmt
For
For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Bank Credit Line Application and Its
Relevant Guarantee
Mgmt For For
7 Approve Use of Idle Raised Funds for Cash
Management
Mgmt For For
8 Approve Use of Own Funds to Invest in
Financial Products
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
SIASUN Robot & Automation Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7912E104
Ticker: 300024
Primary ISIN: CNE100000GH7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve Credit Line Bank Application Mgmt For For
8 Amend Articles of Association Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee. A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
9 Elect Zhao Liguo as Non-Independent Director Mgmt For For
10 Approve Amendments to Articles of
Association to Expand Business Scope
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Songcheng Performance Development Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y30421104
Ticker: 300144
Primary ISIN: CNE100000XG4
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Financial Statements Mgmt For For
2 Approve Profit Distribution and Capitalization
of Capital Reserves
3 Approve Annual Report and Summary
Mgmt
Mgmt
For
For
For
For
4 Approve Audit Report Mgmt For For
5 Approve Report of the Board of Directors
Mgmt
For
For
6 Approve Report of the Board of Supervisors
Mgmt
For
For
7 Approve Appointment of Auditor
Mgmt
For
For
Suning.com Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y82211106
Ticker: 002024
Primary ISIN: CNE000001KF2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
7 Approve Appointment of Auditor Mgmt For For
8 Amend Articles of Association to Expand
Business Scope
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tasly Pharmaceutical Group Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8T28F109
Ticker: 600535
Primary ISIN: CNE000001C81
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Provision of Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
7 Approve Credit Line Bank Application Mgmt For For
8 Approve to Appoint Auditor Mgmt For For
9 Approve Issuance of Super Short-term
Commercial Papers
Mgmt For For
10 Approve Issuance of Medium-term Notes Mgmt For For
Tongding Interconnection Information Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y444BB106
Ticker: 002491
Primary ISIN: CNE100000VR5
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tongding Interconnection Information Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Provision of Guarantee to Subsidiary
Mgmt
For
For
7 Approve Application of Financing from
Financial Institutions and Relevant
Authorization
Mgmt For For
8 Approve to Appoint Auditor Mgmt For For
9 Elect He Zhongliang as Non-Independent
Director
Mgmt For For
10 Approve Provision of Guarantee to
Wholly-Owned Subsidiary
Mgmt For For
11 Approve Provision for Asset Impairment Mgmt For For
12 Approve Performance Compensation Mgmt For For
Tongling Nonferrous Metals Group Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Special
Primary Security ID: Y8883H118
Ticker: 000630
Primary ISIN: CNE000000529
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Increase Allowance of Independent
Directors
Mgmt For For
Yango Group Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Special
Primary Security ID: Y2653W108
Ticker: 000671
Primary ISIN: CNE000000206
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Provision of Guarantee to Affiliate
Company Guangzhou Dangdai Tengxin
Mgmt
For
For
2 Approve Provision of Guarantee to Subsidiary
Guangzhou Libihuize Real Estate
Mgmt For For
3 Approve Provision of Guarantee to Subsidiary
Kunming Tongying Real Estate
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Yango Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
4
Approve Provision of Guarantee to Subsidiary
Nanning Yangzheng Shengguang Real Estate
Mgmt
For
For
5 Approve Provision of Guarantee to Subsidiary
Yichang Tengshun Real Estate
Mgmt For For
6 Approve Provision of Guarantee to Subsidiaries
Bengbu Guangrui Real Estate and Hangzhou
Biguang Real Estate
Mgmt For For
Zhejiang Longsheng Group Co., Ltd.
Meeting Date: 05/18/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y98918108
Ticker: 600352
Primary ISIN: CNE000001FJ4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Financial Budget Report Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
7 Approve Remuneration of Directors and
Supervisors
Mgmt For For
8 Approve Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
9 Approve to Appoint Auditor Mgmt For For
10 Approve Employee Share Purchase Plan SH
(Draft) and Summary
For
Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: Performance conditions. A vote against is applied as LGIM expects a
sufficient portion of executive remuneration to be assessed against performance conditions that are aligned with company
performance.Remuneration: A vote against is applied as LGIM expects all incentive plans to be capped either as a percentage
of salary or a fixed number of shares.Additionally, a vote AGAINST is warranted because the terms in the ESPP is deemed not
in the best interest of shareholders.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Zhejiang Longsheng Group Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
11 Approve Methods to Assess the Performance SH
of Plan Participants
For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: Performance conditions. A vote against is applied as LGIM expects a
sufficient portion of executive remuneration to be assessed against performance conditions that are aligned with company
performance.Remuneration: A vote against is applied as LGIM expects all incentive plans to be capped either as a percentage
of salary or a fixed number of shares.Additionally, a vote AGAINST is warranted because the terms in the ESPP is deemed not
in the best interest of shareholders.
12 Approve Authorization of Board to Handle All SH
Related Matters
For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: Performance conditions. A vote against is applied as LGIM expects a
sufficient portion of executive remuneration to be assessed against performance conditions that are aligned with company
performance.Remuneration: A vote against is applied as LGIM expects all incentive plans to be capped either as a percentage
of salary or a fixed number of shares.Additionally, a vote AGAINST is warranted because the terms in the ESPP is deemed not
in the best interest of shareholders.
Aier Eye Hospital Group Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0029J108
Ticker: 300015
Primary ISIN: CNE100000GR6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Equity Distribution Plan Mgmt For For
5 Approve Appointment of Auditor Mgmt For For
6 Approve Social Responsibility Report Mgmt For For
7 Approve Remuneration of Directors Mgmt For For
8 Amend Articles of Association Mgmt For For
9 Approve Increase in Registered Capital,
Amend Articles of Association and Business
Registration Change
Mgmt For For
10 Approve Comprehensive Credit Line Bank
Application
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Aier Eye Hospital Group Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
11 Approve Report of the Board of Supervisors Mgmt For For
12 Approve Remuneration of Supervisors
Mgmt
For
For
Autobio Diagnostics Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0483B104
Ticker: 603658
Primary ISIN: CNE100002GC4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Financial Budget Report Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
5 Approve Profit Distribution Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve Appointment of Auditor Mgmt For For
8 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
9 Approve Guarantee Provision Plan Mgmt For For
10 Approve Borrowings from Controlling
Shareholder and Related-party Transaction
Mgmt For For
11 Approve Change of Registered Capital and
Amend Articles of Association
Mgmt For For
Baoshan Iron & Steel Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0698U103
Ticker: 600019
Primary ISIN: CNE0000015R4
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Baoshan Iron & Steel Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Remuneration of Directors,
Supervisors and Senior Management
Mgmt For For
7 Approve Related Party Transaction Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
8 Approve 2020 Annual Budget Mgmt For
For
9 Approve Appointment of Independent Mgmt
Accountant and Internal Control Auditor
For
For
BBMG Corporation
Meeting Date: 05/19/2020 Country: China
Primary Security ID: Y076A3105
Meeting Type: Annual Ticker: 2009
Primary ISIN: CNE100000F20
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of the Supervisory
Board
Mgmt For For
3 Approve 2019 Audited Accounts Mgmt For For
4 Approve 2019 Profit Distribution Proposal Mgmt For For
5 Appoint Ernst & Young Hua Ming Certified
Public Accountants as Auditor and Authorize
Board to Fix Their Remuneration
Mgmt For For
6 Approve Remuneration of Directors Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
BBMG Corporation
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7 Approve 2020 Guarantee Authorization to
Subsidiaries
Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted as the company has failed to disclose pertinent details
regarding this proposal.
8 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for A
Shares and H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: Use A vote AGAINST this resolution is warranted for the following:- The A and/or H
share issuance limit is greater than 10 percent.- The company has not specified the discount limit.
9 Approve Qualifying Conditions for Public
Issuance of Corporate Bonds
Mgmt For For
RESOLUTION IN RELATION TO THE
PROPOSAL REGARDING PUBLIC ISSUANCE
OF CORPORATE BONDS
Mgmt
10.01 Approve Type of Securities Under this Public
Issuance
Mgmt For For
10.02 Approve Size of the Issuance Mgmt For For
10.03 Approve Par Value and Price of Issuance Mgmt For For
10.04 Approve Term and Types of the Bonds Mgmt For For
10.05 Approve Coupon Rate of the Bonds Mgmt For For
10.06 Approve Method and Target Investors of
Issuance
Mgmt For For
10.07 Approve Use of Proceeds Mgmt For For
10.08 Approve Arrangements of Placement for
Shareholders of the Company
Mgmt For For
10.09 Approve Place of Listing Mgmt For For
10.10 Approve Arrangement of Guarantee Mgmt For For
10.11 Approve Measures for Protection of
Repayment
Mgmt For For
10.12 Approve Validity Period of the Proposal Mgmt For For
11 Authorize the Board to Handle Relevant
Matters in Connection with the Public
Issuance of Corporate Bonds
Mgmt For For
12 Approve Application for Centralized
Registration and Issuance of Various Debt
Financing Instruments ("DFI") of
Non-Financial Enterprises
Mgmt For For
13 Authorize the Board or Executive Directors to
Complete the Application for Centralized
Registration and Issuance of Various Debt
Financing Instruments (DFI) of Non-Financial
Enterprises and Related Matters
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
BBMG Corporation
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
14 Amend Articles of Association and Related
Transactions
Mgmt For For
BBMG Corporation
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y076A3105
Ticker: 2009
Primary ISIN: CNE100000F20
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of the Supervisory
Board
Mgmt For For
3 Approve 2019 Audited Accounts Mgmt For For
4 Approve 2019 Profit Distribution Proposal Mgmt For For
5 Appoint Ernst & Young Hua Ming Certified
Public Accountants as Auditor and Authorize
Board to Fix Their Remuneration
Mgmt For For
6 Approve Remuneration of Directors Mgmt For For
7 Approve 2020 Guarantee Authorization to
Subsidiaries
Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted as the company has failed to disclose pertinent details
regarding this proposal.
8 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for A
Shares and H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The A and/or H share
issuance limit is greater than 10 percent.- The company has not specified the discount limit.
9 Approve Qualifying Conditions for Public
Issuance of Corporate Bonds
Mgmt For For
RESOLUTION IN RELATION TO THE
PROPOSAL REGARDING PUBLIC ISSUANCE
OF CORPORATE BONDS
Mgmt
10.01 Approve Type of Securities Under this Public
Issuance
Mgmt For For
10.02 Approve Size of the Issuance Mgmt For For
10.03 Approve Par Value and Price of Issuance Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
BBMG Corporation
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
10.04
Approve Term and Types of the Bonds
Mgmt
For
For
10.05 Approve Coupon Rate of the Bonds Mgmt For For
10.06 Approve Method and Target Investors of
Issuance
Mgmt For For
10.07 Approve Use of Proceeds Mgmt For For
10.08 Approve Arrangements of Placement for
Shareholders of the Company
Mgmt For For
10.09 Approve Place of Listing Mgmt For For
10.10 Approve Arrangement of Guarantee Mgmt For For
10.11 Approve Measures for Protection of
Repayment
Mgmt For For
10.12 Approve Validity Period of the Proposal Mgmt For For
11 Authorize the Board to Handle Relevant
Matters in Connection with the Public
Issuance of Corporate Bonds
Mgmt For For
12 Approve Application for Centralized
Registration and Issuance of Various Debt
Financing Instruments ("DFI") of
Non-Financial Enterprises
Mgmt For For
13 Authorize the Board or Executive Directors to
Complete the Application for Centralized
Registration and Issuance of Various Debt
Financing Instruments (DFI) of Non-Financial
Enterprises and Related Matters
Mgmt For For
14 Amend Articles of Association and Related
Transactions
Mgmt For For
Beijing Shunxin Agriculture Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0771P104
Ticker: 000860
Primary ISIN: CNE000000XH3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing Shunxin Agriculture Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
5 Approve Profit Distribution Mgmt For For
6 Approve to Appoint Financial Auditor
Mgmt
For
For
7 Approve Appointment of Internal Control
Auditor
8 Approve Daily Related-party Transactions
Mgmt
Mgmt
For
For
For
For
China Merchants Securities Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y14904117
Ticker: 6099
Primary ISIN: CNE1000029Z6
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Working Report of the Board Mgmt For For
2 Approve 2019 Working Report of the
Supervisory Committee
Mgmt For For
3 Approve 2019 Duty Report of Independent
Directors
Mgmt For For
4 Approve 2019 Annual Report Mgmt For For
5 Approve 2019 Final Accounts Report Mgmt For For
6 Approve 2020 Budget for Proprietary
Investment
Mgmt For For
RESOLUTIONS IN RELATION TO THE 2020
CONTEMPLATED ORDINARY RELATED PARTY
TRANSACTIONS
Mgmt
7.01 Approve Contemplated Ordinary Related Party
Transactions with China Merchants Bank Co.,
Ltd.
Mgmt For For
7.02 Approve Contemplated Ordinary Related Party
Transactions with China Merchants Group
Limited and Its Associates
Mgmt For For
7.03 Approve Contemplated Ordinary Related Party
Transactions with China Merchants Fund
Management Co., Ltd.
Mgmt For For
7.04 Approve Contemplated Ordinary Related Party
Transactions with Bosera Asset Management
Co., Ltd.
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Merchants Securities Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7.05
Approve Contemplated Ordinary Related Party
Transactions with Great Wall Securities Co.,
Ltd.
Mgmt
For
For
7.06 Approve Contemplated Ordinary Related Party
Transactions with China COSCO Shipping
Corporation Limited Its Concerted Parties and
Related Parties Where Huang Jian, Wang
Daxiong Being the Director and Senior
Management
Mgmt For For
7.07 Approve Contemplated Ordinary Related Party
Transactions with PICC Life Insurance
Company Limited and China-US Insurance
Advisory Co., Ltd.
Mgmt For For
7.08 Approve Contemplated Ordinary Related Party
Transactions with Connected Person
Mgmt For For
7.09 Approve Contemplated Ordinary Related Party
Transactions with Other Related Parties
Mgmt For For
8 Approve Appointment of Auditors Mgmt For For
9 Approve Provision of Guarantees by China
Merchants Securities International Company
Limited for Its Wholly-Owned Subsidiaries
Mgmt For For
10 Amend Articles of Association Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
11 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
12 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
13 Amend Rules and Procedures Regarding
Meetings of Supervisory Committee
Mgmt For For
14 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Additional H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The H share issuance
limit is greater than 10 percent.- The company has not specified the discount limit.
RESOLUTIONS IN RELATION TO THE GRANT
OF GENERAL MANDATE TO ISSUE DEBT
FINANCING INSTRUMENTS
Mgmt
15.01 Approve Issuer of Debt Financing Instruments Mgmt For For
15.02 Approve Issue Size of Debt Financing
Instruments
Mgmt For For
15.03 Approve Type of Debt Financing Instruments Mgmt For For
15.04 Approve Maturity of Debt Financing
Instruments
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Merchants Securities Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
15.05
Approve Interest Rate of Debt Financing
Instruments
Mgmt
For
For
15.06 Approve Security and Other Credit
Enhancement Arrangements
Mgmt For For
15.07 Approve Use of Proceeds Mgmt For For
15.08 Approve Issue Price Mgmt For For
15.09 Approve Issue Target Mgmt For For
15.10 Approve Listing of Debt Financing
Instruments
Mgmt For For
15.11 Approve Guarantee Measures for Repayment
of Debt Financing Instruments
Mgmt For For
15.12 Approve Authorization for Issuance of the
Company's Onshore and Offshore Debt
Financing Instruments
Mgmt For For
15.13 Approve Validity Period of the Resolution Mgmt For For
16 Approve 2019 Profit Distribution Plan Mgmt For For
17 Approve Extension of the Validity Period of
the Resolution on the Rights Issue Plan
Mgmt For For
18 Approve Extension of the Validity Period of
the Full Authorization to the Board to Deal
with Relevant Matters in Relation to the
Rights Issue Plan
Mgmt For For
19 Approve Use of Previous Proceeds SH For For
China Merchants Securities Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Special
Primary Security ID: Y14904117
Ticker: 6099
Primary ISIN: CNE1000029Z6
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Approve Extension of the Validity Period of
the Resolution on the Rights Issue Plan
2 Approve Extension of the Validity Period of
the Full Authorization to the Board to Deal
with Relevant Matters in Relation to the
Rights Issue Plan
Mgmt
Mgmt
For
For
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Merchants Securities Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y14904117
Ticker: 6099
Primary ISIN: CNE1000029Z6
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Working Report of the Board Mgmt For For
2 Approve 2019 Working Report of the
Supervisory Committee
Mgmt For For
3 Approve 2019 Duty Report of Independent
Directors
Mgmt For For
4 Approve 2019 Annual Report Mgmt For For
5 Approve 2019 Final Accounts Report Mgmt For For
6 Approve 2020 Budget for Proprietary
Investment
Mgmt For For
RESOLUTIONS IN RELATION TO THE 2020
CONTEMPLATED ORDINARY RELATED PARTY
TRANSACTIONS
Mgmt
7.01 Approve Contemplated Ordinary Related Party
Transactions with China Merchants Bank Co.,
Ltd.
Mgmt For For
7.02 Approve Contemplated Ordinary Related Party
Transactions with China Merchants Group
Limited and Its Associates
Mgmt For For
7.03 Approve Contemplated Ordinary Related Party
Transactions with China Merchants Fund
Management Co., Ltd.
Mgmt For For
7.04 Approve Contemplated Ordinary Related Party
Transactions with Bosera Asset Management
Co., Ltd.
Mgmt For For
7.05 Approve Contemplated Ordinary Related Party
Transactions with Great Wall Securities Co.,
Ltd.
Mgmt For For
7.06 Approve Contemplated Ordinary Related Party
Transactions with China COSCO Shipping
Corporation Limited Its Concerted Parties and
Related Parties Where Huang Jian, Wang
Daxiong Being the Director and Senior
Management
Mgmt For For
7.07 Approve Contemplated Ordinary Related Party
Transactions with PICC Life Insurance
Company Limited and China-US Insurance
Advisory Co., Ltd.
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Merchants Securities Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7.08
Approve Contemplated Ordinary Related Party
Transactions with Connected Person
Mgmt
For
For
7.09 Approve Contemplated Ordinary Related Party
Transactions with Other Related Parties
Mgmt For For
8 Approve Appointment of Auditors Mgmt For For
9 Approve Provision of Guarantees by China
Merchants Securities International Company
Limited for Its Wholly-Owned Subsidiaries
Mgmt For For
10 Amend Articles of Association Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
11 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
12 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
13 Amend Rules and Procedures Regarding
Meetings of Supervisory Committee
Mgmt For For
14 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Additional H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The H share issuance
limit is greater than 10 percent.- The company has not specified the discount limit.
RESOLUTIONS IN RELATION TO THE GRANT
OF GENERAL MANDATE TO ISSUE DEBT
FINANCING INSTRUMENTS
Mgmt
15.01 Approve Issuer of Debt Financing Instruments Mgmt For For
15.02 Approve Issue Size of Debt Financing
Instruments
Mgmt For For
15.03 Approve Type of Debt Financing Instruments Mgmt For For
15.04 Approve Maturity of Debt Financing
Instruments
Mgmt For For
15.05 Approve Interest Rate of Debt Financing
Instruments
Mgmt For For
15.06 Approve Security and Other Credit
Enhancement Arrangements
Mgmt For For
15.07 Approve Use of Proceeds Mgmt For For
15.08 Approve Issue Price Mgmt For For
15.09 Approve Issue Target Mgmt For For
15.10 Approve Listing of Debt Financing
Instruments
Mgmt For For
15.11 Approve Guarantee Measures for Repayment
of Debt Financing Instruments
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Merchants Securities Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
15.12
Approve Authorization for Issuance of the
Company's Onshore and Offshore Debt
Financing Instruments
Mgmt
For
For
15.13 Approve Validity Period of the Resolution Mgmt For For
16 Approve 2019 Profit Distribution Plan Mgmt For For
17 Approve Extension of the Validity Period of
the Resolution on the Rights Issue Plan
Mgmt For For
18 Approve Extension of the Validity Period of
the Full Authorization to the Board to Deal
with Relevant Matters in Relation to the
Rights Issue Plan
Mgmt For For
19 Approve Use of Previous Proceeds SH For For
China Merchants Securities Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Special
Primary Security ID: Y14904117
Ticker: 6099
Primary ISIN: CNE1000029Z6
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF A SHARES Mgmt
1 Approve Extension of the Validity Period of
the Resolution on the Rights Issue Plan
2 Approve Extension of the Validity Period of
the Full Authorization to the Board to Deal
with Relevant Matters in Relation to the
Rights Issue Plan
Mgmt
Mgmt
For
For
For
For
China Petroleum & Chemical Corp.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y15010104
Ticker: 386
Primary ISIN: CNE1000002Q2
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF H SHARES Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Petroleum & Chemical Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve 2019 Report of the Board of
Directors of Sinopec Corp.
Mgmt
For
For
2 Approve 2019 Report of the Board of
Supervisors of Sinopec Corp.
Mgmt For For
3 Approve 2019 Audited Financial Reports of
Sinopec Corp.
Mgmt For For
4 Approve 2019 Profit Distribution Plan of
Sinopec Corp.
Mgmt For For
5 Approve 2020 Interim Profit Distribution Plan
of Sinopec Corp.
Mgmt For For
6 Approve PricewaterhouseCoopers Zhong Tian
LLP and PricewaterhouseCoopers as External
Auditors of Sinopec Corp. and Authorize
Board to Fix Their Remuneration
Mgmt For For
7 Approve Issuance of Debt Financing
Instruments
Mgmt For For
8 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for New
Domestic Shares and/or Overseas-Listed
Foreign Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST the general A or H share issuance mandate is warranted for the
following:- The A or H share issuance limit is greater than 10 percent.- The company has not specified the discount limit.
9 Elect Liu Hongbin as Director Mgmt For Against
Blended Rationale: Future World Protection List: A vote against is applied as the company meets the criteria for inclusion in
LGIM’s Future World Protection List. Companies are incorporated into the List if they fail to meet minimum standards of
globally accepted business practices. This includes: companies involved in the manufacture and production of controversial
weapons; perennial violators of the United Nations Global Compact (UNGC); and pure coal miners.
10 Approve Provision of External Guarantees SH For For
China Petroleum & Chemical Corp.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y15010104
Ticker: 386
Primary ISIN: CNE1000002Q2
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF A SHARES Mgmt
1 Approve 2019 Report of the Board of
Directors
2 Approve 2019 Report of the Board of
Supervisors
Mgmt
Mgmt
For
For
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Petroleum & Chemical Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
3
Approve 2019 Audited Financial Reports
Mgmt
For
For
4 Approve 2019 Profit Distribution Plan of
Sinopec Corp.
Mgmt For For
5 Approve 2020 Interim Profit Distribution Plan
of Sinopec Corp.
Mgmt For For
6 Approve PricewaterhouseCoopers Zhong Tian
LLP and PricewaterhouseCoopers as External
Auditors and Authorize Board to Fix Their
Remuneration
Mgmt For For
7 Approve Issuance of Debt Financing
Instruments
Mgmt For For
8 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for New
Domestic Shares and/or Overseas-Listed
Foreign Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST the general A or H share issuance mandate is warranted for the
following:- The A or H share issuance limit is greater than 10 percent.- The company has not specified the discount limit.
9 Elect Liu Hongbin as Director Mgmt For Against
Blended Rationale: Future World Protection List: A vote against is applied as the company meets the criteria for inclusion in
LGIM’s Future World Protection List. Companies are incorporated into the List if they fail to meet minimum standards of
globally accepted business practices. This includes: companies involved in the manufacture and production of controversial
weapons; perennial violators of the United Nations Global Compact (UNGC); and pure coal miners.
10 Approve Provision of External Guarantees SH For For
DHC Software Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2080B107
Ticker: 002065
Primary ISIN: CNE000001NL4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
DHC Software Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
7 Approve Bank Credit and Guarantee Matters
(1)
Mgmt For For
Gosuncn Technology Group Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2924U105
Ticker: 300098
Primary ISIN: CNE100000S17
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
APPROVE REMUNERATION OF DIRECTORS Mgmt
6.1 Approve Remuneration of Liu Shuangguang Mgmt For For
6.2 Approve Remuneration of Hou Yuqing Mgmt For For
6.3 Approve Remuneration of Jia Youyao Mgmt For For
6.4 Approve Remuneration of Fang Yingjie Mgmt For For
6.5 Approve Remuneration of Kan Yulun Mgmt For For
6.6 Approve Remuneration of Gu Yongcheng Mgmt For For
6.7 Approve Remuneration of Niu Yanping Mgmt For For
6.8 Approve Remuneration of Jiang Bin Mgmt For For
6.9 Approve Remuneration of Hu Zhiyong Mgmt For For
APPROVE REMUNERATION OF SUPERVISORS Mgmt
7.1 Approve Remuneration of Huang Haitao Mgmt For For
7.2 Approve Remuneration of Liu Yingying Mgmt For For
7.3 Approve Remuneration of Zhou Jieying Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hangzhou Robam Appliances Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3041Z100
Ticker: 002508
Primary ISIN: CNE100000WY9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Financial Budget Report Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
5 Approve Annual Report and Summary Mgmt For For
6 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
7 Approve Investment in Financial Products Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
8 Approve Comprehensive Credit Line Bank
Application
9 Approve to Appoint Auditor
Mgmt
Mgmt
For
For
For
For
Leo Group Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9892V106
Ticker: 002131
Primary ISIN: CNE1000000F9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Leo Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt
For
For
7 Approve Summary Report of Audit work and
Appointment of Auditor
Mgmt For For
8 Approve Credit Scale and External Guarantee Mgmt For For
9 Approve Change of Registered Capital and
Amend Articles of Association
Mgmt For For
10 Approve Use of Idle Own Funds for Cash
Management
Mgmt For For
11 Approve Usage of Funds by Controlling
Shareholder and Other Related Parties
Mgmt For For
Rongsheng Petrochemical Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7324B102
Ticker: 002493
Primary ISIN: CNE100000W60
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Profit Distribution Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Appointment of Auditor Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
APPROVE 2019 DAILY RELATED PARTY
TRANSACTIONS AND 2020 DAILY RELATED
PARTY TRANSACTIONS
Mgmt
7.1 Approve Signing of Purchase and Sale
Contract with Ningbo Hengyi Trading Co., Ltd.
Mgmt For For
7.2 Approve Signing of Purchase Contract with
Zhejiang Rongsheng Holding Group Co., Ltd.
Mgmt For For
7.3 Approve Signing of Purchase and Sale
Contract with Zhejiang Yisheng Petrochemical
Co., Ltd.
Mgmt For For
7.4 Approve Signing of Purchase and Sale
Contract with Hainan Yisheng Petrochemical
Co., Ltd.
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Rongsheng Petrochemical Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7.5
Approve Signing of Purchase and Sale
Contract with Zhejiang Refined Oil Trading
Co., Ltd.
Mgmt
For
For
7.6 Approve Signing of Housing and Parking
Contract with Daishan Chenyu Real Estate
Co., Ltd.
Mgmt For For
7.7 Approve Signing of Cargo Transportation
Contract with Zhejiang Rongtong Logistics
Co., Ltd.
Mgmt For For
7.8 Approve Signing of Purchase Contract with
Suzhou Shenghui Equipment Co., Ltd.
Mgmt For For
7.9 Approve Handling of Deposits, Credits and
Settlements in Zhejiang Xiaoshan Rural
Commercial Bank Co., Ltd.
Mgmt For For
7.10 Approve Loan from Controlling Shareholder Mgmt For For
8 Approve Provision of Guarantee and Related
Party Transactions
Mgmt For For
9 Approve Futures Hedging Business Mgmt For For
10 Approve Foreign Exchange Derivatives
Trading Business
Mgmt For For
11 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
Seazen Holdings Co. Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y267C9105
Ticker: 601155
Primary ISIN: CNE100002BF8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Appointment of Auditor Mgmt For For
6 Approve Allocation of Income and Dividends Mgmt For For
7 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Seazen Holdings Co. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8 Approve Guarantee Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
9 Approve Investment Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of sufficient information to judge the effects and fairness of the
proposal.
10 Approve Loan from Related Party Mgmt For For
11 Approve Daily Related-Party Transactions
Mgmt
For
For
Shanxi Securities Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7700J109
Ticker: 002500
Primary ISIN: CNE100000WJ0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
APPROVE 2019 DAILY RELATED PARTY
TRANSACTIONS AND 2020 DAILY RELATED
PARTY TRANSACTIONS
Mgmt
5.1 Approve Related Party Transaction with
Shanxi Financial Investment Holdings Ltd.
Mgmt For For
5.2 Approve Related Party Transaction with
Taiyuan Iron and Steel Group and Shanxi
International Electricity Group Co., Ltd.
Mgmt For For
5.3 Approve Related Party Transaction with
Deutsche Bank
Mgmt For For
5.4 Approve Related Party Transaction with
Related Natural Person and Related Natural
Persons Directly or Indirectly Controlled, or
Directors and Senior Management Members
Mgmt For For
5.5 Approve Related Party Transaction with Legal
Persons or Natural Persons
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanxi Securities Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve to Appoint Auditor
Mgmt
For
For
7 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
8 Approve Remuneration of Directors Mgmt For For
9 Approve Remuneration of Supervisors Mgmt For For
10 Approve Remuneration of Senior Management
Members
Mgmt For For
11 Amend Articles of Association Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee. A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
12 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
13 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee. A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
14 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt For For
15 Approve Detailed Rules for Online Voting of
the Shareholders General Meeting
Mgmt For For
Shanxi Xinghuacun Fen Wine Factory Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y77013103
Ticker: 600809
Primary ISIN: CNE000000DH5
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Report of the Independent Directors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve Daily Related-party Transactions Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanxi Xinghuacun Fen Wine Factory Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8 Approve Appointment of Auditors, Internal
Control Auditors and Payment of Audit Fees
Mgmt For For
Shenzhen Goodix Technology Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y774BW100
Ticker: 603160
Primary ISIN: CNE100002G84
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Financial Statements Mgmt For For
3 Approve Profit Distribution Mgmt For For
4 Approve Report of the Board of Directors Mgmt For For
5 Approve Report of the Board of Supervisors Mgmt For For
6 Approve Report of the Board of Independent
Directors
Mgmt For For
Shijiazhuang Changshan Beiming Technology Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7789J103
Ticker: 000158
Primary ISIN: CNE0000013X7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Provision for Asset Impairment Mgmt For For
4 Approve Annual Report Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Profit Distribution Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shijiazhuang Changshan Beiming Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7
Approve to Appoint Financial Auditor and
Internal Control Auditor
Mgmt
For
For
8 Approve Daily Related-party Transactions Mgmt For For
9 Approve Provision of Guarantee Mgmt For For
10 Amend Remuneration Management System of
Directors, Supervisors and Senior
Management Members
Mgmt For For
11 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For For
12 Approve Amendments to Articles of
Association
Mgmt For For
13 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
14 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
15 Approve Termination of Construction of
Comprehensive Textile and Apparel Project
Mgmt For For
Sichuan Chuantou Energy Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7925C103
Ticker: 600674
Primary ISIN: CNE000000BQ0
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors
Mgmt
For
For
3 Approve Financial Statements
Mgmt
For
For
4 Approve Production and Operation Plan and
Financial Budget Report
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
5 Approve Profit Distribution Mgmt For For
6 Approve Shareholder Return Plan Mgmt For For
7 Approve Annual Report and Summary Mgmt For For
8 Approve Proposal Report for Financing of
Company Headquarters
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Sichuan Chuantou Energy Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
9
Approve Appointment of Auditor and Payment
of Remuneration
Mgmt
For
For
10 Approve Amendments to Articles of
Association
Mgmt For For
11 Elect Zhang Hao as Non-independent Director Mgmt For For
12 Elect Gong Yuan as Non-independent Director Mgmt For For
Sichuan Kelun Pharmaceutical Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7931Q104
Ticker: 002422
Primary ISIN: CNE100000PW7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve 2019 Daily Related Party Transaction
and 2020 Daily Related Party Transactions
Mgmt For For
8 Approve Repurchase and Cancellation of
Performance Shares that Has been Granted
but not Lifted the Restriction
Mgmt For For
9 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
10 Amend Articles of Association Mgmt For For
11 Approve Financing Mgmt For For
12 Approve Issuance of Debt Financing
Instruments
Mgmt For For
13 Approve Provision of Guarantee Mgmt For For
14 Approve Extension of Resolution Validity
Period of Corporate Bonds Issuance
Mgmt For For
15 Approve Additional Financial Assistance Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wuchan Zhongda Group Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9890U100
Ticker: 600704
Primary ISIN: CNE000000KF4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve External Guarantee Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of this loan
guarantee request.
8 Approve Remuneration of Directors and
Supervisors
Mgmt For For
9 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
Wuhan Guide Infrared Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y97082104
Ticker: 002414
Primary ISIN: CNE100000RK8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wuhan Guide Infrared Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
7
Approve Amendments to Articles of
Association
Mgmt
For
For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
8.1 Elect Huang Li as Non-Independent Director Mgmt For For
8.2 Elect Zhang Yan as Non-Independent Director Mgmt For For
8.3 Elect Huang Sheng as Non-Independent
Director
Mgmt For For
8.4 Elect Wang Fuyuan as Non-Independent
Director
Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
9.1 Elect Wen Hao as Independent Director Mgmt For For
9.2 Elect Zhang Huide as Independent Director Mgmt For For
9.3 Elect Guo Dong as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
10.1 Elect Sun Lin as Supervisor Mgmt For For
10.2 Elect Gao Jianfei as Supervisor Mgmt For For
Yonghui Superstores Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9841N106
Ticker: 601933
Primary ISIN: CNE100000XX9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements and Financial
Budget Report
Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Daily Related Party Transactions Mgmt For For
7 Approve Issuance of Debt Financing
Instruments
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Yonghui Superstores Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8
Approve 2019 Credit Line and Loan and 2020
Credit Line Application
Mgmt
For
For
9 Approve Capital Injection Agreement Mgmt For For
10 Approve 2019 and 2020 Remuneration of
Directors and Supervisors
Mgmt For For
11 Approve Report of the Independent Directors Mgmt For For
12 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
13 Approve Decrease in Registered Capital and
Amend Articles of Association
Mgmt For For
Yuan Longping High-Tech Agriculture Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9862T107
Ticker: 000998
Primary ISIN: CNE000001360
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Appointment of Financial Auditor and
Internal Control Auditor
Mgmt For For
6 Approve Deposits and Loans with Related
Party
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
Zhangzhou Pientzehuang Pharmaceutical Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9890Q109
Ticker: 600436
Primary ISIN: CNE000001F21
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Zhangzhou Pientzehuang Pharmaceutical Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Report of the Independent Directors Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Financial Statements and Financial
Budget Report
Mgmt For For
7 Approve Daily Related-party Transactions Mgmt For For
8 Approve Appointment of Auditor and to Fix
Their Remuneration
Mgmt For For
9 Approve Amendments to Articles of
Association, Rules and Procedures Regarding
General Meetings of Shareholders, Rules and
Procedures Regarding Meetings of Board of
Directors
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee. A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
10 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt For For
11 Elect Zheng Zhenlong as Independent
Director
SH For For
Zhejiang Sanhua Intelligent Controls Co., Ltd.
Meeting Date: 05/19/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9890L126
Ticker: 002050
Primary ISIN: CNE000001M22
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Zhejiang Sanhua Intelligent Controls Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
6 Approve Application of Comprehensive Credit
Lines
7 Approve Bill Pool Business
Mgmt
Mgmt
For
For
For
Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details for shareholder to effectively assess the associated risks.
8 Approve Provision of Guarantee Mgmt For For
9 Approve to Appoint Auditor Mgmt For For
10 Approve Use Remaining Raised Funds to
Replenish Working Capital
Mgmt For For
11 Approve Adjustment of Remuneration and
Allowance of Directors
Mgmt For For
12 Approve Revision of Terms of Performance
Shares Incentive Plan
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted given the amendment to the original 2018 equity-based incentive plan under
this proposal does not address the original concerns raised.
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
13.1 Elect Shi Jianhui as Independent Director Mgmt For For
13.2 Elect Zhu Hongjun as Independent Director Mgmt For For
Beijing Sanju Environmental Protection & New Materials Co Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0773K103
Ticker: 300072
Primary ISIN: CNE100000NP6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution and Capitalization
of Capital Reserves
Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Appointment of Auditor Mgmt For For
7 Approve Guarantee Provision to Penglai Jutao
Offshore Engineering Heavy Industry Co., Ltd.
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing Sanju Environmental Protection & New Materials Co Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
8 Approve Provision of Guarantee to Inner
Mongolia Sanju Jiajing New Energy Co., Ltd.
9 Elect Sun Yanhong as Non-independent
Director
Mgmt
SH
For
For
For
For
CGN Power Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1300C101
Ticker: 1816
Primary ISIN: CNE100001T80
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Annual Report Mgmt For For
4 Approve 2019 Audited Financial Report Mgmt For For
5 Approve 2019 Profit Distribution Plan Mgmt For For
6 Approve 2020 Investment Plan and Capital
Expenditure Budget
Mgmt For For
7 Approve KPMG Huazhen (Special General
Partnership) as Financial and Internal Control
Auditor and Authorize Board to Fix their
Remuneration
Mgmt For For
8 Approve Change in the Use of Certain Funds
Raised from H Shares
Mgmt For For
ELECT DIRECTORS Mgmt
9.1 Elect Yang Changli as Director SH For For
9.2 Elect Wang Wei as Director SH For For
APPROVE REMUNERATION OF DIRECTORS
AND SUPERVISORS
Mgmt
10.1 Approve Remuneration of Zhang Shanming Mgmt For For
10.2 Approve Remuneration of Yang Changli Mgmt For For
10.3 Approve Remuneration of Gao Ligang Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
CGN Power Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10.4
Approve Remuneration of Tan Jiansheng
Mgmt
For
For
10.5 Approve Remuneration of Shi Bing Mgmt For For
10.6 Approve Remuneration of Wang Wei Mgmt For For
10.7 Approve Remuneration of Zhang Yong Mgmt For For
10.8 Approve Remuneration of Na Xizhi Mgmt For For
10.9 Approve Remuneration of Hu Yiguang Mgmt For For
10.10 Approve Remuneration of Francis Siu Wai
Keung
Mgmt For For
10.11 Approve Remuneration of Chen Sui Mgmt For For
10.12 Approve Remuneration of Chen Rongzhen Mgmt For For
10.13 Approve Remuneration of Yang Lanhe Mgmt For For
10.14 Approve Remuneration of Zhu Hui Mgmt For For
10.15 Approve Remuneration of Wang Hongxin Mgmt For For
11 Approve Donation of Epidemic Prevention and
Control Funds
Mgmt For For
12 Amend Articles of Association Mgmt For For
13 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Additional A and/or H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST the general share issuance mandate is warranted for the following:-
The share issuance limit exceeds 10 percent.- The company has not specified a discount limit.
14 Approve Grant of General Mandate to the Mgmt
Board to Repurchase A Shares and/or H
Shares
For
For
CGN Power Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Primary Security ID: Y1300C101
Meeting Type: Special Ticker: 1816
Primary ISIN: CNE100001T80
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Approve Grant of General Mandate to the
Board to Repurchase A Shares and/or H
Shares
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
CGN Power Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1300C101
Ticker: 1816
Primary ISIN: CNE100001T80
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
SPECIAL RESOLUTIONS Mgmt
1 Amend Articles of Association Mgmt For For
2 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Additional A and/or H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST the general share issuance mandate is warranted for the following:-
The share issuance limit exceeds 10 percent.- The company has not specified a discount limit.
3 Approve Grant of General Mandate to the
Board to Repurchase A Shares and/or H
Shares
Mgmt For For
ORDINARY RESOLUTIONS Mgmt
4 Approve 2019 Report of the Board of
Directors
Mgmt For For
5 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
6 Approve 2019 Annual Report Mgmt For For
7 Approve 2019 Audited Financial Report Mgmt For For
8 Approve 2019 Profit Distribution Plan Mgmt For For
9 Approve 2020 Investment Plan and Capital
Expenditure Budget
Mgmt For For
10 Approve KPMG Huazhen (Special General
Partnership) as Financial and Internal Control
Auditor and Authorize Board to Fix their
Remuneration
Mgmt For For
11 Approve Change in the Use of Certain Funds
Raised from H Shares
Mgmt For For
APPROVE REMUNERATION OF DIRECTORS
AND SUPERVISORS
Mgmt
12.1 Approve Remuneration of Zhang Shanming Mgmt For For
12.2 Approve Remuneration of Yang Changli Mgmt For For
12.3 Approve Remuneration of Gao Ligang Mgmt For For
12.4 Approve Remuneration of Tan Jiansheng Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
CGN Power Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
12.5 Approve Remuneration of Shi Bing Mgmt For For
12.6 Approve Remuneration of Wang Wei
Mgmt
For
For
12.7 Approve Remuneration of Zhang Yong
Mgmt
For
For
12.8 Approve Remuneration of Na Xizhi
Mgmt
For
For
12.9 Approve Remuneration of Hu Yiguang
Mgmt
For
For
12.10 Approve Remuneration of Francis Siu Wai
Keung
12.11 Approve Remuneration of Chen Sui
Mgmt
Mgmt
For
For
For
For
12.12 Approve Remuneration of Chen Rongzhen
Mgmt
For
For
12.13 Approve Remuneration of Yang Lanhe
Mgmt
For
For
12.14 Approve Remuneration of Zhu Hui
Mgmt
For
For
12.15 Approve Remuneration of Wang Hongxin
Mgmt
For
For
13
14.1
Approve Donation of Epidemic Prevention and
Control Funds
ELECT DIRECTORS VIA CUMULATIVE
VOTING
Elect Yang Changli as Director
Mgmt
Mgmt
SH
For
For
For
For
14.2 Elect Wang Wei as Director
SH For
For
CGN Power Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Special
Primary Security ID: Y1300C101
Ticker: 1816
Primary ISIN: CNE100001T80
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF A SHARES Mgmt
1 Approve Grant of General Mandate to the
Board to Repurchase A Shares and/or H
Shares
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Changjiang Securities Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1314J100
Ticker: 000783
Primary ISIN: CNE000000SH3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Appointment of Auditor Mgmt For For
6 Approve Profit Distribution Mgmt For For
APPROVE DAILY RELATED PARTY
TRANSACTIONS
Mgmt
7.1 Approve Related Party Transaction with
Guohua Life Insurance Co., Ltd. and Related
Enterprises
Mgmt For For
7.2 Approve Related Party Transaction with Three
Gorges Capital Holdings Co., Ltd. and Related
Enterprises
Mgmt For For
7.3 Approve Related Party Transaction with
Changxin Fund Management Co., Ltd.
Mgmt For For
7.4 Approve Related Party Transaction with Other
Related Parties
Mgmt For For
8 Approve Risk Control Indicators Report Mgmt For For
9 Approve 2020 Risk Appetite Authorization Mgmt For For
10 Approve Remuneration and Assessment of
Directors
Mgmt For For
11 Approve Remuneration and Assessment of
Supervisors
Mgmt For For
12 Approve Remuneration and Assessment of
Senior Management
Mgmt For For
13 Approve Shareholder Return Plan in the Next
Three Years
Mgmt For For
14 Elect Zhao Lin as Non-independent Director Mgmt For For
15 Approve Amendments to Articles of
Association
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee. A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
16 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Changjiang Securities Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
17 Amend Rules and Procedures Regarding
Meetings of Supervisory Committee
18 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt
Mgmt
For
For
For
For
China CITIC Bank Corporation Limited
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1434M116
Ticker: 998
Primary ISIN: CNE1000001Q4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Annual Report Mgmt For For
2 Approve 2019 Financial Report Mgmt For For
3 Approve 2019 Profit Distribution Plan Mgmt For For
4 Approve 2020 Financial Budget Plan Mgmt For For
5 Approve 2020 Engagement of Accounting
Firms and Their Fees
Mgmt For For
6 Approve 2019 Special Report of Related Party
Transactions
Mgmt For For
7 Approve 2019 Report of the Board of
Directors
Mgmt For For
8 Approve 2019 Report of the Board of
Supervisors
Mgmt For For
9 Approve Wei Guobin as an External
Supervisor
Mgmt For For
10 Approve Improvement of Management on the
Remuneration of Independent Directors
Mgmt For For
11 Approve Improvement of Management on the
Remuneration of External Directors
Mgmt For For
12 Amend Articles of Association Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
13 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China CITIC Bank Corporation Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
14 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
15 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt For For
16 Approve Change of Office and Residence and
Amendments to the Related Terms of the
Articles of Association
Mgmt For For
17 Approve Extension of the Authorization Period
to the Board of Directors for Handling Matters
in Relation to the Non-public Offering of
Preference Shares by the General Meeting
Mgmt For For
China CITIC Bank Corporation Limited
Meeting Date: 05/20/2020 Country: China
Meeting Type: Special
Primary Security ID: Y1434M116
Ticker: 998
Primary ISIN: CNE1000001Q4
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Approve Extension of the Authorization Period
to the Board of Directors for Handling Matters
in Relation to the Non-public Offering of
Preference Shares by the General Meeting
Mgmt
For
For
China CITIC Bank Corporation Limited
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1434M116
Ticker: 998
Primary ISIN: CNE1000001Q4
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF A SHARES Mgmt
1 Approve 2019 Annual Report
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China CITIC Bank Corporation Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2
Approve 2019 Financial Report
Mgmt
For
For
3 Approve 2019 Profit Distribution Plan Mgmt For For
4 Approve 2020 Financial Budget Plan Mgmt For For
5 Approve 2020 Engagement of Accounting
Firms and Their Fees
Mgmt For For
6 Approve 2019 Special Report of Related Party
Transactions
Mgmt For For
7 Approve 2019 Report of the Board of
Directors
Mgmt For For
8 Approve 2019 Report of the Board of
Supervisors
Mgmt For For
9 Approve Amendments to Articles of
Association
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
10 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
11 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
12 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt For For
13 Approve Wei Guobin as an External
Supervisor
Mgmt For For
14 Approve Improvement of Management on the
Remuneration of Independent Directors
Mgmt For For
15 Approve Improvement of Management on the
Remuneration of External Supervisor
Mgmt For For
16 Approve Change of Office and Residence and
Amendments to the Related Terms of the
Articles of Association
Mgmt For For
17 Approve Extension of the Authorization Period
to the Board of Directors for Handling Matters
in Relation to the Non-public Offering of
Preference Shares by the General Meeting
Mgmt For For
China CITIC Bank Corporation Limited
Meeting Date: 05/20/2020 Country: China
Meeting Type: Special
Primary Security ID: Y1434M116
Ticker: 998
Primary ISIN: CNE1000001Q4
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China CITIC Bank Corporation Limited
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF A SHARES Mgmt
17 Approve Extension of the Authorization Period
to the Board of Directors for Handling Matters
in Relation to the Non-public Offering of
Preference Shares by the General Meeting
Mgmt
For
For
China Fortune Land Development Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y98912101
Ticker: 600340
Primary ISIN: CNE000001GG8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Report of the Independent Directors Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Remuneration of Directors Mgmt For For
9 Approve Remuneration of Supervisors Mgmt For For
10 Approve Allowance of Independent Directors Mgmt For For
11 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
12 Approve Estimated Purchase of Operational
Land from May to June 2020
SH For Against
Blended Rationale: A vote AGAINST is warranted due to lack of pertinent disclosure and concerns over potential conflict of
interests.
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Fortune Land Development Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
13.1 Elect Wang Wenxue as Non-independent SH
Director
For Against
Blended Rationale: Diversity: A vote against is applied as LGIM expects a company to have a diverse board, including at least
one woman. We expect companies to increase female participation both on the board and in leadership positions over time.
13.2 Elect Wu Xiangdong as Non-independent SH
Director
13.3 Elect Meng Jing as Non-independent Director SH
For
For
For
Against
Blended Rationale: Remuneration Committee: A vote against is applied as LGIM expects the Committee to be comprised of independent directors.
13.4 Elect Zhao Hongjing as Non-independent
Director
SH For For
13.5 Elect Meng Sen as Non-independent Director SH For For
13.6 Elect Wang Wei as Non-independent Director SH For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
14.1 Elect Chen Shimin as Independent Director SH For Against
Blended Rationale: Board mandates: A vote against is applied as LGIM expects a CEO/CFO/FD or a non-executive director not
to hold too many external roles to ensure they can undertake their duties effectively.
14.2 Elect Chen Qi as Independent Director SH For For
14.3 Elect Xie Jichuan as Independent Director SH For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
15.1 Elect Chang Dongjuan as Supervisor SH For For
15.2 Elect Zhang Yi as Supervisor SH For For
China South Publishing & Media Group Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y15174108
Ticker: 601098
Primary ISIN: CNE100000W03
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Report of the Independent Directors Mgmt For For
4 Approve Remuneration of Directors Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China South Publishing & Media Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
5
Approve Remuneration of Supervisors
Mgmt
For
For
6 Approve Annual Report and Summary Mgmt For For
7 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
8 Approve Financial Statements Mgmt For For
9 Approve to Appoint Auditor Mgmt For For
10 Approve Financial Services Agreement Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed financial service agreement
with the group finance company may expose the company to unnecessary risks.- There are inherent risks associated with the
financial services to be provided under this proposal.
11 Approve 2019 Daily Related Party Transaction
and 2020 Daily Related Party Transactions
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
12 Approve Completion of Raised Funds
Investment Project
Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
13.1 Elect Li Guilan as Independent Director Mgmt For For
Chongqing Rural Commercial Bank Co. Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1594G107
Ticker: 3618
Primary ISIN: CNE100000X44
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Work Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Work Report of the Board of
Supervisors
Mgmt For For
3 Approve 2019 Financial Final Proposal Mgmt For For
4 Approve 2019 Profit Distribution Plan Mgmt For For
5 Approve 2020 Financial Budget Proposal Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Chongqing Rural Commercial Bank Co. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6 Approve 2019 Annual Report and Its
Summary and Results Announcement
7 Approve External Auditors and Fix Their
Remuneration
Mgmt
Mgmt
For
For
For
Against
Blended Rationale: Auditor fees: A vote against is applied as LGIM does not expect excessive non-audit work to be conducted
by the company's external auditors as this will bring into question the independence of their judgement.
8 Approve Related Party Transaction Regarding
to Group Credit Limits of Chongqing Yufu
Holding Group Co., Ltd.
Mgmt For For
9 Approve Related Party Transaction Regarding
to Credit Limits of Chongqing City
Construction Investment (Group) Company
Limited
Mgmt For For
10 Approve Related Party Transaction Regarding
to Group Credit Limits of Chongqing Casin
Group Co., Ltd.
Mgmt For For
11 Approve Related Party Transaction Regarding
to Group Credit Limits of Chongqing
Development Investment Co., Ltd.
Mgmt For For
12 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
13 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
14 Amend Articles of Association Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
Daqin Railway Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1997H108
Ticker: 601006
Primary ISIN: CNE000001NG4
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors
Mgmt
For
For
3 Approve Financial Statements and Financial
Budget Report
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Daqin Railway Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
4
Approve Profit Distribution
Mgmt
For
For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Appointment of Financial Auditor Mgmt For For
7 Approve Appointment of Internal Control
Auditor
Mgmt For For
8 Approve Company's Eligibility for Issuance of
Convertible Bonds
Mgmt For For
APPROVE PLAN ON ISSUANCE OF
CONVERTIBLE BONDS
Mgmt
9.1 Approve Type Mgmt For For
9.2 Approve Issue Size Mgmt For For
9.3 Approve Par Value and Issue Price Mgmt For For
9.4 Approve Bond Maturity Mgmt For For
9.5 Approve Bond Interest Rate Mgmt For For
9.6 Approve Period and Manner of Repayment of
Capital and Interest
Mgmt For For
9.7 Approve Conversion Period Mgmt For For
9.8 Approve Determination and Adjustment of
Conversion Price
Mgmt For For
9.9 Approve Terms for Downward Adjustment of
Conversion Price
Mgmt For For
9.10 Approve Method on Handling Fractional
Shares Upon Conversion
Mgmt For For
9.11 Approve Terms of Redemption Mgmt For For
9.12 Approve Terms of Sell-Back Mgmt For For
9.13 Approve Attribution of Dividends During the
Conversion Year
Mgmt For For
9.14 Approve Issue Manner and Target Subscribers Mgmt For For
9.15 Approve Placing Arrangement for
Shareholders
Mgmt For For
9.16 Approve Matters Relating to Meetings of
Bondholders
Mgmt For For
9.17 Approve Use of Proceeds Mgmt For For
9.18 Approve Rating Matters Mgmt For For
9.19 Approve Guarantee Matters Mgmt For For
9.20 Approve Depository of Raised Funds Mgmt For For
9.21 Approve Resolution Validity Period Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Daqin Railway Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
10
Approve Issuance of Convertible Bonds
Mgmt
For
For
11 Approve Issuance of Convertible Bonds to
Raise Funds for the Acquisition of the
Authorized Land Use Rights and Signing of
Land Use Right Transfer Agreement
Mgmt For For
12 Approve Issuance of Convertible Bonds to
Raise Funds for the Acquisition of 51% Equity
of Taiyuan Railway Hub Southwest Loop Co.,
Ltd. and Signing of Equity Transfer
Agreement
Mgmt For For
13 Approve Feasibility Analysis Report on the
Use of Proceeds
Mgmt For For
14 Approve There is No Need to Prepare for
Report on the Deposit and Usage of Raised
Funds
Mgmt For For
15 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For For
16 Approve Shareholder Return Plan Mgmt For For
17 Approve Principles of Bondholders Meeting Mgmt For For
18 Approve Authorization of the Board to Handle
All Related Matters
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
19.1 Elect Cheng Xiandong as Non-Independent
Director
SH For For
19.2 Elect Bi Shoufeng as Non-Independent
Director
SH For For
19.3 Elect Han Hongchen as Non-Independent
Director
SH For For
19.4 Elect Tian Huimin as Non-Independent
Director
SH For For
19.5 Elect Zhang Lirong as Non-Independent
Director
SH For For
19.6 Elect Yang Wensheng as Non-Independent
Director
SH For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
20.1 Elect Li Menggang as Independent Director Mgmt For For
20.2 Elect Yang Wandong as Independent Director Mgmt For For
20.3 Elect Zan Zhihong as Independent Director Mgmt For For
20.4 Elect Chen Lei as Independent Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Daqin Railway Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
21.1 Elect Zheng Jirong as Supervisor Mgmt For For
21.2 Elect Zhang Yongqing as Supervisor Mgmt For For
21.3 Elect Yang Jie as Supervisor Mgmt For For
21.4 Elect Gu Tianye as Supervisor Mgmt For For
Financial Street Holdings Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2496E109
Ticker: 000402
Primary ISIN: CNE000000KT5
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report Mgmt For For
6 Approve Guarantee Provision Plan Mgmt For For
7 Approve Provision of Financial Assistance Mgmt For For
8 Approve Issuance of Corporate Bonds Mgmt For For
9 Approve Issuance of Debt Financing
Instruments
Mgmt For For
10 Approve Related Party Transaction Mgmt For For
11 Approve Financial Service Agreement Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since the proposed financial service agreement
with the group finance company may expose the company to unnecessary risks.
12 Approve Appointment of Financial Auditor and
Internal Control Auditor
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Founder Securities Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y261GX101
Ticker: 601901
Primary ISIN: CNE1000015Y8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Independent Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Annual Report Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve Performance Assessment and
Remuneration of Directors
Mgmt For For
8 Approve Performance Assessment and
Remuneration of Supervisors
Mgmt For For
9 Approve Performance Assessment and
Remuneration of Senior Management
Members
Mgmt For For
10 Approve Credit Line Applications from Various
Financial Institutions
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed borrowing is considered excessive and may add to the
company's financial burden, which is deemed not in the best interests of shareholders.
11 Approve to Appoint Auditor and Internal
Control Auditor
Mgmt For For
12 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
13 Approve Amendments to Articles of
Association
Mgmt For For
Greenland Holdings Corp. Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2883S109
Ticker: 600606
Primary ISIN: CNE000000388
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Greenland Holdings Corp. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve Investment Amount of the
Company's Real Estate Reserves
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of sufficient information so that the effects and fairness of the
proposal cannot be effectively gauged.
8 Approve Guarantee Provision Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
9 Elect Liu Yanping as Non-independent SH
Director
10 Elect Chen Hua as Supervisor SH
For
For
For
For
Guangdong Electric Power Development Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2923E110
Ticker: 200539
Primary ISIN: CNE000000HW5
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF B SHARES
Mgmt
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the General Manager Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Report of the Board of Supervisors Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guangdong Electric Power Development Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
7 Approve Financial Budget Report Mgmt For For
8 Approve Comprehensive Credit Line Bank
Application
Mgmt
For
For
HLA Corp. Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1081Q105
Ticker: 600398
Primary ISIN: CNE0000016H3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Appointment of Financial Auditor and
Internal Control Auditor and Fix Their
Remuneration
Mgmt For For
7 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For For
8 Amend Articles of Association Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
9.1 Elect Zhou Jianping as Non-Independent
Director
SH For For
9.2 Elect Zhou Lichen as Non-Independent
Director
SH For For
9.3 Elect Gu Dongsheng as Non-Independent
Director
SH For For
9.4 Elect Qian Yaping as Non-Independent
Director
SH For Against
Blended Rationale: Remuneration Committee: A vote against is applied as LGIM expects the Committee to be comprised of
independent directors.
9.5 Elect Xu Qinghua as Non-Independent SH
Director
9.6 Elect Huang Kai as Non-Independent Director SH
For
For
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
HLA Corp. Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
10.1 Elect Jin Jian as Independent Director Mgmt For For
10.2 Elect Sha Die as Independent Director Mgmt For For
10.3 Elect Liu Gang as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
11.1 Elect Tan Longying as Supervisor Mgmt For For
11.2 Elect Zhu Yun as Supervisor Mgmt For For
Inner Mongolia Yili Industrial Group Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y408DG116
Ticker: 600887
Primary ISIN: CNE000000JP5
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Operating Strategy and Investment
Plan
Mgmt For For
5 Approve Financial Statements and Financial
Budget Report
Mgmt For For
6 Approve Profit Distribution Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS AND
INDEPENDENT DIRECTORS
Mgmt
7.1 Elect Pan Gang as Non-Independent Director Mgmt For Against
Blended Rationale: Remuneration Committee: A vote against is applied as LGIM expects the Committee to be comprised of
independent directors.Joint Chair/CEO: A vote against is applied as LGIM expects the roles of Board Chair and CEO to be
separate and not to be recombined once separated. These two roles are substantially different and a division of responsibilities
ensures there is a proper balance of authority and responsibility on the board.
7.2 Elect Zhao Chengxia as Non-Independent
Director
Mgmt For Against
Blended Rationale: Audit Committee: A vote against is applied as LGIM expects the Committee to be comprised of independent
directors.Remuneration Committee: A vote against is applied as LGIM expects the Committee to be comprised of independent
directors.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Inner Mongolia Yili Industrial Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7.3
Elect Yan Junrong as Non-Independent
Director
Mgmt
For
For
7.4 Elect Wang Xiaogang as Non-Independent
Director
Mgmt For For
7.5 Elect Yang Huicheng as Non-Independent
Director
Mgmt For For
7.6 Elect Zhang Junping as Non-Independent
Director
Mgmt For For
7.7 Elect Lv Gang as Non-Independent Director Mgmt For For
7.8 Elect Peng Heping as Independent Director Mgmt For For
7.9 Elect Ji Shao as Independent Director Mgmt For For
7.10 Elect Cai Yuanming as Independent Director Mgmt For For
7.11 Elect Shi Fang as Independent Director Mgmt For For
ELECT SUPERVISORS Mgmt
8.1 Elect Gao Debu as Supervisor Mgmt For For
8.2 Elect Zhang Xinling as Supervisor Mgmt For For
9 Approve Allowance of Directors Mgmt For For
10 Approve Allowance of Supervisors Mgmt For For
11 Approve Report of the Independent Directors Mgmt For For
12 Approve Guarantee Provision Plan Mgmt For For
13 Approve Issuance of Super-short-term
Commercial Papers and Medium-term Notes
Mgmt For For
14 Approve Provision of Guarantee Mgmt For For
15 Approve Cancellation of Partial Stock Options
and Repurchase Cancellation of Performance
Shares
Mgmt For For
16 Approve 2019 Repurchase and Cancellation of
Performance Shares
Mgmt For For
17 Amend Articles of Association Mgmt For For
18 Approve to Appoint Auditor Mgmt For For
Jiangsu Hengli Hydraulic Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y443AC107
Ticker: 601100
Primary ISIN: CNE1000019R4
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Jiangsu Hengli Hydraulic Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Report of the Independent Directors Mgmt For For
7 Approve Remuneration of Directors,
Supervisors and Senior Management
Mgmt For For
8 Approve Appointment of Auditor Mgmt For For
9 Approve Mutual Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of this loan
guarantee request.
10 Approve Related Party Transactions in
Connection with Loan
Mgmt For For
KingClean Electric Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y47937100
Ticker: 603355
Primary ISIN: CNE1000022K3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Allowance of Directors Mgmt For For
7 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For For
8 Approve to Appoint Auditor and Audit Work
Evaluation
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
KingClean Electric Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
9 Approve Application of Bank Credit Lines Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed credit line is considered excessive and may add to the
company's financial burden, which is deemed not in the best interests of shareholders.
10 Approve Provision of Guarantee Mgmt For For
11 Approve Use of Own Funds for Cash
Management
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
12 Approve Amendments to Articles of
Association
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
13.1 Elect Ni Zugen as Non-independent Director Mgmt For For
13.2 Elect Wang Pingping as Non-independent
Director
Mgmt For For
13.3 Elect Xue Feng as Non-independent Director Mgmt For For
13.4 Elect Han Jian as Non-independent Director Mgmt For For
13.5 Elect Ni Hantao as Non-independent Director Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
14.1 Elect Gu Jianping as Independent Director Mgmt For For
14.2 Elect Zhou Zhongsheng as Independent
Director
Mgmt For For
14.3 Elect Xu Yuzhou as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
15.1 Elect Xu Dagan as Supervisor Mgmt For For
15.2 Elect Wei Wei as Supervisor Mgmt For For
Lingyi iTech (Guangdong) Co.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y446BS104
Ticker: 002600
Primary ISIN: CNE1000015L5
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Lingyi iTech (Guangdong) Co.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Annual Report and Summary Mgmt For For
2 Approve Report of the Board of Directors
Mgmt
For
For
3 Approve Report of the Board of Supervisors
Mgmt
For
For
4 Approve Financial Statements
Mgmt
For
For
5 Approve Profit Distribution
Mgmt
For
For
6 Approve Daily Related Party Transaction
Mgmt
For
For
7 Approve Comprehensive Credit Line
Application
8 Approve Provision of Guarantees
Mgmt
Mgmt
For
For
For
For
9 Approve Extension of Resolution Validity SH
Period of Private Placement of Shares
10 Approve Authorization of Board to Handle All SH
Related Matters
For
For
For
For
Ninestar Corp.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9892Z107
Ticker: 002180
Primary ISIN: CNE1000007W9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Special Report on the Deposit and
Usage of Raised Funds
Mgmt For For
7 Approve Internal Control Self-Evaluation
Report
Mgmt For For
8 Approve Daily Related-party Transactions Mgmt For For
9 Approve Appointment of Auditor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Ninestar Corp.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10 Approve Provision of Guarantee Mgmt For For
11 Approve Termination of Fund-raising
Investment Project and Use Its Remaining
Raised Funds to Replenish Working Capital
Mgmt
For
For
Pacific Securities Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y6S73B107
Ticker: 601099
Primary ISIN: CNE1000008V9
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1
Approve Report of the Board of Directors and
Supervisors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Report of the Independent Directors Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
APPROVE AUTHORIZATION ON ISSUANCE OF
DOMESTIC AND FOREIGN DEBT FINANCING
INSTRUMENTS
Mgmt
7.1 Approve Debt Financing Entity Mgmt For For
7.2 Approve Issue Size Mgmt For For
7.3 Approve Issue Manner Mgmt For For
7.4 Approve Variety Mgmt For For
7.5 Approve Duration Mgmt For For
7.6 Approve Interest Rates Mgmt For For
7.7 Approve Guarantees and Other Credit
Enhancement Arrangements
Mgmt For For
7.8 Approve Use of Proceeds Mgmt For For
7.9 Approve Issue Price Mgmt For For
7.10 Approve Target Subscribers and Placing
Arrangement for Shareholders
Mgmt For For
7.11 Approve Listing Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Pacific Securities Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
7.12 Approve Safeguard Measures of Debts
Repayment
7.13 Approve Authorization Matters
Mgmt
Mgmt
For
For
For
For
7.14 Approve Resolution Validity Period
Mgmt
For
For
8 Approve Daily Related Party Transaction
Mgmt
For
For
9 Approve Appointment of Auditor
Mgmt
For
For
10 Approve Amendments to Articles of
Association
11 Amend Rules and Procedures Regarding
General Meetings of Shareholders
12 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt
Mgmt
Mgmt
For
For
For
For
For
For
PT Adaro Energy Tbk
Meeting Date: 05/20/2020 Country: Indonesia
Meeting Type: Annual
Primary Security ID: Y7087B109
Ticker: ADRO
Primary ISIN: ID1000111305
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Accept Financial Statements and Statutory
Reports
Mgmt
For
For
2 Approve Allocation of Income and Dividends Mgmt For For
3 Approve Tanudiredja, Wibisana, Rintis dan
Rekan as Auditor
Mgmt For For
4 Approve Remuneration of Directors and
Commissioners
Mgmt For For
5 Amend Articles of Association in Relation to
Online Single Submission Integrated
Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted given the lack of information to make an informed voting
decision.
Shanghai RAAS Blood Products Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7687Z100
Ticker: 002252
Primary ISIN: CNE100000C31
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai RAAS Blood Products Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1
Approve Financial Statements
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Appointment of Auditor Mgmt For For
7 Approve Increase in Registered Capital Mgmt For For
8 Approve Amendments to Articles of
Association
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
9.1 Elect Chen Jie as Non-independent Director Mgmt For For
9.2 Elect Zheng Yuewen as Non-independent
Director
Mgmt For For
9.3 Elect Tomás Dagá Gelabert as
Non-independent Director
Mgmt For For
9.4 Elect David Ian Bell as Non-independent
Director
Mgmt For For
9.5 Elect Tommy Trong Hoang as
Non-independent Director
Mgmt For For
9.6 Elect Xu Jun as Non-independent Director Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
10.1 Elect Yang Cuihua as Independent Director Mgmt For For
10.2 Elect Tan Jinsong as Independent Director Mgmt For For
10.3 Elect Peng Ling as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
11.1 Elect Binh Hoang as Supervisor Mgmt For For
11.2 Elect Li Yao as Supervisor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shenzhen Overseas Chinese Town Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7582E103
Ticker: 000069
Primary ISIN: CNE000000SS0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Allocation of Income and Dividends Mgmt For For
5 Approve Application of Credit Lines Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed borrowing is considered excessive and may add to the
company's financial burden, which is deemed not in the best interests of shareholders.
6 Approve Application of Entrusted Loans Mgmt For For
7 Approve Provision of Guarantee Mgmt For For
8 Approve Provision of Financial Aid to
Associate Company
Mgmt For For
9 Approve Provision of Financial Aid to Project
Company
Mgmt For For
10 Approve Daily Related Party Transaction Mgmt For For
11 Approve to Appoint Auditor Mgmt For For
12 Approve Amendments to Articles of
Association
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee. A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
13 Approve Development of Independent
Director Compensation and Treatment
Standards
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to non-disclosure.
Sunwoda Electronic Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8309D105
Ticker: 300207
Primary ISIN: CNE100001260
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Sunwoda Electronic Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Provision of Guarantee Mgmt For For
9 Elect Zhang Jianjun as Independent Director Mgmt For For
10 Approve Extension of Resolution Validity
Period and Authorization of the Board on
Issuance of Convertible Bonds
Mgmt For For
Tianjin Chase Sun Pharmaceutical Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y88081107
Ticker: 300026
Primary ISIN: CNE100000GF1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
7 Approve Changes in Registered Capital Mgmt For For
8 Amend Articles of Association Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee. A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tianjin Chase Sun Pharmaceutical Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
9 Approve Appointment of Auditor Mgmt For For
Xinhu Zhongbao Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9724T105
Ticker: 600208
Primary ISIN: CNE000000ZH8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Financial Budget Report Mgmt For For
6 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
7 Approve Provision of Guarantee for Subsidiary Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
8 Approve Provision of Guarantee for Franchise Mgmt For For
9 Approve Provision of Guarantee for Associate
Company
Mgmt For For
10 Approve to Appoint Auditors and to Fix Their
Remuneration
Mgmt For For
11 Approve Remuneration of Directors and
Supervisors
Mgmt For For
12 Approve Amendments to Articles of
Association
Mgmt For For
Youngor Group Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9858M108
Ticker: 600177
Primary ISIN: CNE000000XR2
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Youngor Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Financial Statements Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve to Appoint Financial Auditor and
Internal Control Auditor
Mgmt For For
7 Approve Related Party Transaction in
Connection to Bank Business
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted because the proposed investment could expose the
company to unnecessary risks.
8 Approve Authorization on Disposal of
Financial Assets
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of sufficient disclosure.
9 Approve Authorization of Management to
Exercise Decision-Making Power on the
Acquisition of Project Reserves
Mgmt For For
10 Approve Authorization of the Chairman to
Handle Bank Credit Application
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of this credit line
application request.
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
11.1 Elect Li Rucheng as Non-Independent Director SH For For
11.2 Elect Li Hanqiong as Non-Independent
Director
SH For Against
Blended Rationale: Remuneration Committee: A vote against is applied as LGIM expects the Committee to be comprised of
independent directors.
11.3 Elect Hu Ganggao as Non-Independent
Director
SH For For
11.4 Elect Shao Hongfeng as Non-Independent
Director
SH For For
11.5 Elect Xu Peng as Non-Independent Director SH For For
11.6 Elect Yang Ke as Non-Independent Director SH For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
12.1 Elect Yang Baiyin as Independent Director SH For For
12.2 Elect Lv Changjiang as Independent Director SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Youngor Group Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
12.3
Elect Song Xiangqian as Independent Director
SH
For
For
13 Approve Remuneration and Allowance of
Directors
Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
14.1 Elect Li Ruxiang as Supervisor SH For For
14.2 Elect Liu Jianting as Supervisor SH For For
14.3 Elect Yu Minxia as Supervisor SH For For
15 Approve Remuneration and Allowance of
Supervisors
Mgmt For For
16 Approve Amendments to Articles of
Association
Mgmt For For
Zhejiang Supor Co., Ltd.
Meeting Date: 05/20/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y98925103
Ticker: 002032
Primary ISIN: CNE000001KS5
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve Related Party Transaction Mgmt For For
8 Approve Use of Funds for Short-term
Financial Products
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risk.
9 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
10 Amend Articles of Association Mgmt For For
11 Elect Philippe SUMEIRE as Supervisor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Zhejiang Supor Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
12.1 Elect Thierry de LA TOUR D'ARTAISE as
Non-Independent Director
Mgmt
Mgmt
For
Against
Blended Rationale: Board mandates: A vote against is applied as LGIM expects a CEO/CFO/FD or a non-executive director not
to hold too many external roles to ensure they can undertake their duties effectively.
12.2 Elect Harry TOURET as Non-Independent Mgmt
Director
For For
12.3 Elect Stanislas de GRAMONT as Mgmt
Non-Independent Director
For
For
12.4 Elect Nathalie LOMON as Non-Independent Mgmt
Director
For
For
12.5 Elect Dai Huaizong as Non-Independent Mgmt
Director
For
For
12.6 Elect Su Xianze as Non-Independent Director Mgmt For
For
ELECT INDEPENDENT DIRECTORS VIA Mgmt
CUMULATIVE VOTING
13.1 Elect Hervé MACHENAUD as Independent SH
Director
For
For
13.2 Elect Jean-Michel PIVETEAU as Independent SH
Director
For
For
13.3 Elect Chen Jun as Independent Director Mgmt For
For
Alpek SAB de CV
Meeting Date: 05/21/2020 Country: Mexico
Primary Security ID: P01703100
Meeting Type: Special Ticker: ALPEKA
Primary ISIN: MX01AL0C0004
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
Ordinary Business Mgmt
1 Amend or Revoke Resolutions Approved by
AGM on Feb. 27, 2020 Re: Dividends
2 Appoint Legal Representatives
Mgmt
Mgmt
For
For
For
For
3 Approve Minutes of Meeting Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Bank of Nanjing Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0698E109
Ticker: 601009
Primary ISIN: CNE100000627
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements and Financial
Budget Report
Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve Special Report on Related Party
Transactions
Mgmt For For
6 Approve Related Party Transaction Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve to Appoint Internal Auditor Mgmt For For
9 Approve Capital Planning Mgmt For For
10 Approve Credit Asset Securitization Business Mgmt For For
11 Approve Amendments to Articles of
Association
Mgmt For For
12 Approve External Supervisory System Mgmt For For
13 Elect Lin Jingran as Non-Independent Director Mgmt For For
14 Elect Guo Zhiyi as Non-Independent Director Mgmt For For
15 Approve Evaluation Report on the
Performance Report of the Supervisors
Mgmt For For
16 Approve Evaluation Report of the Board of
Supervisors on the Performance of Directors
and Senior Management Members
Mgmt For For
Chengdu Westone Information Industry, Inc.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y95366103
Ticker: 002268
Primary ISIN: CNE100000CM6
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Chengdu Westone Information Industry, Inc.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Daily Related Party Transaction Mgmt For For
China Greatwall Technology Group Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y14392107
Ticker: 000066
Primary ISIN: CNE000000RL7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Financial Budget Report Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve Application of Bank Credit Lines and
Its Guarantee Provision
Mgmt For For
8 Approve Guarantee Provision Plan Mgmt For For
9 Approve Provision of Guarantees to
Customers
Mgmt For For
10 Approve Application of Entrusted Loan to
Controlling Shareholder and Use Equity in
Subsidiary as Pledge Guarantee
Mgmt For For
11 Approve Use of Own Idle Funds for Cash
Management
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Greatwall Technology Group Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
APPROVE DAILY RELATED-PARTY
TRANSACTONS
Mgmt
12.1 Approve Daily Related-party Transaction with
China Electronics Corporation
Mgmt For For
12.2 Approve Daily Related-party Transaction with
Hunan Great Wall Galaxy Technology Co., Ltd.
Mgmt For For
12.3 Approve Daily Related-party Transaction with
China Super Cloud (Beijing) Technology Co.,
Ltd.
Mgmt For For
12.4 Approve Daily Related-party Transaction with
CLP Data Service Co., Ltd.
Mgmt For For
12.5 Approve Daily Related-party Transaction with
Scutech Corporation
Mgmt For For
13 Approve Handling of Factoring Business and
Related Transaction of Accounts Receivable
Mgmt For For
14 Elect Liu Chenhui as Supervisor SH For For
15 Approve Adjustment of Stock Incentive Plan
to Target Enterprises
Mgmt For For
China Merchants Energy Shipping Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y15039129
Ticker: 601872
Primary ISIN: CNE000001PQ8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Independent Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Comprehensive Bank Credit Line
Application
Mgmt For For
7 Approve Appointments of Financial and
Internal Control Auditor
Mgmt For For
8 Approve Additional 2019 Related Party
Transaction
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Merchants Energy Shipping Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
APPROVE 2019 and 2020 DAILY RELATED
PARTY TRANSACTIONS
Mgmt
9.1 Approve Related Party Transaction with
Shekou Youlian Shipyard and Its Subsidiaries
Mgmt For For
9.2 Approve Related Party Transaction with China
Petrochemical Corporation and Its
Subsidiaries
Mgmt For For
9.3 Approve Related Party Transaction with China
Merchants Energy Trading Co., Ltd.
Mgmt For For
9.4 Approve Related Party Transaction with China
Merchants Hoi Tung Trading Co., Ltd. and Its
Subsidiaries
Mgmt For For
9.5 Approve Related Party Transaction with
Shenzhen Haishun Marine Services Co., Ltd.
Mgmt For For
9.6 Approve Related Party Transaction with
Sinotrans Changhang Group and Its
Subsidiaries
Mgmt For For
9.7 Approve Related Party Transaction with
Sinotrans Limited and Its Subsidiaries
Mgmt For For
9.8 Approve Related Party Transaction with
Liaoning Port Group Co., Ltd. and Its
Subsidiaries
Mgmt For For
10 Approve to Adjust the Allowance Standard of
Independent Directors
Mgmt For For
11 Approve Change of Registered Capital Mgmt For For
12 Approve Amendments to Articles of
Association
Mgmt For For
13 Amend Rules and Procedures Regarding
General Meetings of Shareholders and Rules
and Procedures Regarding Meetings of Board
of Directors
Mgmt For Against
Blended Rationale: A vote AGAINST these items is warranted due to non-disclosure.
14 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt
For
Against
Blended Rationale: A vote AGAINST these items is warranted due to non-disclosure.
15 Approve Signing of COA Agreement to
Provide Performance Guarantee
Mgmt For For
16 Approve Guarantee Provision to Associate
Company
Mgmt For For
17 Approve Guarantee Provision Plan Mgmt For For
18 Approve Related Party Transaction in
Connection to Building 4 Multi-purpose Ships
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Resources Sanjiu Medical & Pharmaceutical Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7503B105
Ticker: 000999
Primary ISIN: CNE0000011K8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Financial Statements
Mgmt
For
For
2 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
3 Approve Report of the Board of Directors Mgmt For For
4 Approve Report of the Board of Supervisors Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Related Party Transaction Mgmt For For
7 Approve Business Cooperation Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since the proposed related-party transactions
include investments in financial products which may expose the company to unnecessary risks.
China Tower Corp. Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y15076105
Ticker: 788
Primary ISIN: CNE100003688
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Accept Financial Statements and Statutory
Reports
Mgmt
For
For
2 Approve Profit Distribution Proposal and
Declaration of Final Dividend
Mgmt For For
3 Approve PricewaterhouseCoopers and
PricewaterhouseCoopers Zhong Tian LLP
(Special General Partnership) as International
Auditors and Domestic Auditors, Respectively,
and Authorize Board to Fix Their
Remuneration
Mgmt For For
4 Elect Mai Yanzhou as Director and Authorize
Board to Sign on Behalf of the Company the
Director's Service Contract with Mai Yanzhou
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Proposal
Number
Tower Corp. Ltd.
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
5
Elect Deng Shiji as Director, Authorize Board
to Sign on Behalf of the Company the
Director's Service Contract with Deng Shiji
and Authorize Board to Fix His Remuneration
Mgmt
For
For
6 Amend Articles of Association Mgmt For For
7 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Domestic Shares and H Shares and Authorize
Board to Amend Articles of Association to
Reflect New Capital Structure
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The A and/or H share
issuance limit is greater than 10 percent.- The company has not specified the discount limit.
China Tower Corp. Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Special
Primary Security ID: Y15076105
Ticker: 788
Primary ISIN: CNE100003688
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Amend Articles of Association
Mgmt
For
For
China Yangtze Power Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1516Q142
Ticker: 600900
Primary ISIN: CNE000001G87
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Yangtze Power Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
5
Approve Financial Auditor
Mgmt
For
For
6 Approve Internal Control Auditor Mgmt For For
7 Approve Short-term Fixed Income Investment Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
8 Approve Issuance of Debt Financing Mgmt
Instruments
For
For
ELECT NON-INDEPENDENT DIRECTORS VIA Mgmt
CUMULATIVE VOTING
9.1 Elect Li Qinghua as Non-Independent Director Mgmt For
For
CSG Holding Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Primary Security ID: Y1R16V105
Meeting Type: Annual Ticker: 200012
Primary ISIN: CNE0000002M3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF B SHARES
Mgmt
1 Approve Provision for Asset Impairment Mgmt For For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
8 Approve Repurchase and Cancellation of
Performance Shares that Has Not Reached
the Unlocking Condition
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
9.1 Elect Chen Lin as Non-independent Director Mgmt For For
9.2 Elect Wang Jian as Non-independent Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
CSG Holding Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
9.3
Elect Zhang Jinshun as Non-independent
Director
Mgmt
For
For
9.4 Elect Cheng Xibao as Non-independent
Director
Mgmt For For
9.5 Elect Cheng Jinggang as Non-independent
Director
Mgmt For For
9.6 Elect Yao Zhuanghe as Non-independent
Director
Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
10.1 Elect Zhu Guilong as Independent Directors Mgmt For For
10.2 Elect Zhu Qianyu as Independent Directors Mgmt For For
10.3 Elect Xu Nianxing as Independent Directors Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
11.1 Elect Meng Lili as Supervisor SH For For
Focus Media Information Technology Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y29327106
Ticker: 002027
Primary ISIN: CNE000001KK2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Appointment of Financial Report
Auditor
Mgmt For For
7 Approve Use of Idle Own Funds to Purchase
Financial Products
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
8 Approve Change in Registered Address Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Focus Media Information Technology Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
9
Approve Amendments to Articles of
Association
Mgmt
For
For
10 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
11 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
12 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt For For
13 Amend Working System for Independent
Directors
Mgmt For For
14 Amend Working Rules of President of the
Company
Mgmt For For
Guoxuan High-tech Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y4439F110
Ticker: 002074
Primary ISIN: CNE000001NY7
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Report on the Deposit and Usage of
Raised Funds
Mgmt For For
6 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
7 Approve Credit Line Application Mgmt For For
8 Approve Guarantee Mgmt For For
9 Approve Related Party Transaction Mgmt For For
10 Approve Provision for Asset Impairment Mgmt For For
11 Approve Change of Company Name Mgmt For For
AMEND ARTICLES OF ASSOCIATION AND
RELATED COMPANY SYSTEMS
Mgmt
12.1 Approve Amendments to Articles of
Association
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guoxuan High-tech Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
12.2
Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt
For
For
12.3 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
12.4 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt For For
12.5 Amend Management System of Raised Funds Mgmt For For
Hunan Valin Steel Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Special
Primary Security ID: Y3767Q102
Ticker: 000932
Primary ISIN: CNE000001006
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1
Approve Company's Eligibility for Issuance of
Convertible Bonds
Mgmt
For
For
APPROVE ISSUANCE OF CONVERTIBLE
BONDS
Mgmt
2.1 Approve Issue Type Mgmt For For
2.2 Approve Issue Scale Mgmt For For
2.3 Approve Par Value and Issue Price Mgmt For For
2.4 Approve Bond Maturity Mgmt For For
2.5 Approve Bond Interest Rate Mgmt For For
2.6 Approve Method and Term for the Repayment
of Principal and Interest
Mgmt For For
2.7 Approve Guarantee Matters Mgmt For For
2.8 Approve Conversion Period Mgmt For For
2.9 Approve Determination and Adjustment of
Conversion Price
Mgmt For For
2.10 Approve Terms for Downward Adjustment of
Conversion Price
Mgmt For For
2.11 Approve Method for Determining the Number
of Shares for Conversion
Mgmt For For
2.12 Approve Terms of Redemption Mgmt For For
2.13 Approve Terms of Sell-Back Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hunan Valin Steel Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2.14
Approve Dividend Distribution Post
Conversion
Mgmt
For
For
2.15 Approve Issue Manner and Target Subscribers Mgmt For For
2.16 Approve Placing Arrangement for
Shareholders
Mgmt For For
2.17 Approve Matters Related to Bondholders
Meeting
Mgmt For For
2.18 Approve Use of Proceeds Mgmt For For
2.19 Approve Safekeeping of Raised Funds Mgmt For For
2.20 Approve Validity Period Mgmt For For
3 Approve Plan for Issuance of Convertible
Bonds
Mgmt For For
4 Approve Feasibility Analysis Report on the
Intended Usage of Raised Funds
Mgmt For For
5 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
6 Approve Formulation of Rules and Procedures
Regarding Convertible Corporate Bondholders
Meeting
Mgmt For For
7 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For For
8 Approve Authorization of Board and Its
Authorized Persons to Handle All Related
Matters
Mgmt For For
Inner Mongolia Baotou Steel Union Co. Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y4084T100
Ticker: 600010
Primary ISIN: CNE0000017H1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Report of the Independent Directors Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Financial Statements Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Inner Mongolia Baotou Steel Union Co. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6 Approve Allocation of Income and
Capitalization of Capital Reserves
7 Approve Related Party Transaction
Mgmt
Mgmt
For
For
For
Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
8 Approve Shareholder Return Plan Mgmt For For
9 Approve to Appoint Auditor Mgmt For For
10 Approve Signing of Rare Earth Concentrate
Related Party Agreement
Mgmt For For
11 Approve Financial Services Agreement Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
12 Approve Purchase Agreement Mgmt For For
13 Approve Allowance of Independent Directors Mgmt For For
APPROVE ISSUANCE OF EPIDEMIC
PREVENTION AND CONTROL DEBT
Mgmt
14.1 Approve Issue Size Mgmt For For
14.2 Approve Par Value and Issue Price Mgmt For For
14.3 Approve Bond Maturity and Type Mgmt For For
14.4 Approve Bond Interest Rate Mgmt For For
14.5 Approve Guarantee Matters Mgmt For For
14.6 Approve Use of Proceeds Mgmt For For
14.7 Approve Issue Manner Mgmt For For
14.8 Approve Terms of Sell-Back Mgmt For For
14.9 Approve Target Subscribers and Placing
Arrangement for Shareholders
Mgmt For For
14.10 Approve Underwriting Manner Mgmt For For
14.11 Approve Listing Transfer Arrangement Mgmt For For
14.12 Approve Company Credit Status and
Safeguard Measures of Debts Repayment
Mgmt For For
14.13 Approve Resolution Validity Period Mgmt For For
14.14 Approve Authorization of Board to Handle All
Related Matters
Mgmt For For
15 Approve Financial Budget Report Mgmt For For
16 Approve Credit Line Application Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Inner Mongolia Baotou Steel Union Co. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
17.1 Elect Li Degang as Non-Independent Director SH For For
17.2 Elect Wang Shengping as Non-Independent
Director
SH For For
17.3 Elect Shi Kai as Non-Independent Director SH For For
17.4 Elect Liu Zhengang as Non-Independent
Director
SH For For
17.5 Elect Li Xiao as Non-Independent Director SH For For
17.6 Elect Song Longtang as Non-Independent
Director
SH For For
17.7 Elect Zhai Jinjie as Non-Independent Director SH For For
17.8 Elect Lang Jilong as Non-Independent
Director
SH For For
17.9 Elect Bai Baosheng as Non-Independent
Director
SH For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
18.1 Elect Wu Zhenping as Independent Director SH For For
18.2 Elect Dong Fang as Independent Director SH For For
18.3 Elect Cheng Mingwang as Independent
Director
SH For For
18.4 Elect Sun Hao as Independent Director SH For For
18.5 Elect Wei Zheyan as Independent Director SH For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
19.1 Elect Hu Yongcheng as Supervisor SH For For
19.2 Elect Xing Liguang as Supervisor SH For For
19.3 Elect Zhang Weijiang as Supervisor SH For For
Luenmei Quantum Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y77420100
Ticker: 600167
Primary ISIN: CNE000000Y94
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Luenmei Quantum Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Internal Control Evaluation Report Mgmt For For
7 Approve Appointment of Auditor Mgmt For For
8 Approve Report of the Independent Directors Mgmt For For
Meinian Onehealth Healthcare Holdings Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y5S4DH102
Ticker: 002044
Primary ISIN: CNE000001LV7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Financial Budget Report Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
6 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Provision for Goodwill Impairment Mgmt For For
9 Approve Performance Commitments and
Performance Compensation Plan
Mgmt For For
10 Approve Related Party Transaction Mgmt For For
11 Approve Credit Line Application and Provision
of Guarantee
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Meinian Onehealth Healthcare Holdings Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
12 Approve Provision of Guarantee Mgmt For For
13 Elect Zhu Shunyan as Non-Independent
Director
Mgmt
For
For
MTN Group Ltd.
Meeting Date: 05/21/2020 Country: South Africa
Meeting Type: Annual
Primary Security ID: S8039R108
Ticker: MTN
Primary ISIN: ZAE000042164
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Elect Lamido Sanusi as Director
Mgmt
For
For
2 Elect Vincent Rague as Director Mgmt For For
3 Re-elect Stan Miller as Director Mgmt For For
4 Re-elect Paul Hanratty as Director Mgmt For For
5 Re-elect Nkululeko Sowazi as Director Mgmt For For
6 Re-elect Azmi Mikati as Director Mgmt For Against
Blended Rationale: Committee independence: A vote against is applied as LGIM expects the Committee to be comprised of
independent directors.Diversity: A vote against is applied as LGIM expects a company to have a diverse board, with at least
25% of board members being women. We expect companies to increase female participation both on the board and in
leadership positions over time.
7 Re-elect Christine Ramon as Member of the
Audit Committee
Mgmt For For
8 Elect Swazi Tshabalala as Member of the
Audit Committee
Mgmt For For
9 Elect Vincent Rague as Member of the Audit
Committee
Mgmt For For
10 Re-elect Paul Hanratty as Member of the
Audit Committee
Mgmt For For
11 Elect Lamido Sanusi as Member of the Social
and Ethics Committee
Mgmt For For
12 Elect Stanley Miller as Member of the Social
and Ethics Committee
Mgmt For For
13 Elect Nkunku Sowazi as Member of the Social
and Ethics Committee
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
MTN Group Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
14 Elect Khotso Mokhele as Member of the Social
and Ethics Committee
Mgmt For Against
Blended Rationale: Remuneration: A vote against is applied because LGIM has had concerns with the remuneration for more
than a year.Future World Protection List: A vote against is applied as the company meets the criteria for inclusion in LGIM’s
Future World Protection List. Companies are incorporated into the List if they fail to meet minimum standards of globally
accepted business practices. This includes: companies involved in the manufacture and production of controversial weapons;
perennial violators of the United Nations Global Compact (UNGC); and pure coal miners.
15 Reappoint PricewaterhouseCoopers Inc as
Auditors of the Company
Mgmt For For
16 Reappoint SizweNtsalubaGobodo Grant
Thornton Inc as Auditors of the Company
Mgmt For For
17 Appoint Ernst & Young Inc as Auditors of the
Company
Mgmt For For
18 Place Authorised but Unissued Shares under
Control of Directors
Mgmt For For
19 Authorise Board to Issue Shares for Cash Mgmt For For
20 Approve Remuneration Policy Mgmt For Against
Blended Rationale: Remuneration: Performance conditions. A vote against is applied as LGIM expects the long-term incentive
plan to be assessed against performance conditions that are aligned with company performance.Remuneration: Performance
conditions: A vote against is applied as the level of disclosures in respect of performance conditions does not allow
shareholders to make a fully informed assessment of remuneration.
21 Approve Remuneration Implementation
Report
Mgmt For Against
Blended Rationale: Remuneration: Performance conditions. A vote against is applied as LGIM expects the long-term incentive
plan to be assessed against performance conditions that are aligned with company performance.
22 Approve Non-executive Directors'
Remuneration
Mgmt For Against
Blended Rationale: A vote AGAINST this item is warranted as the Company is introducing a number of new fees for
international Board members. These are generally positioned significantly higher than the fees paid to local NED. No
explanation has been provided by the Company for these fees.
23 Authorise Repurchase of Issued Share Capital Mgmt For For
24 Approve Financial Assistance to Subsidiaries
and Other Related and Inter-related Entities
Mgmt For For
25 Approve Financial Assistance to Directors,
Prescribed Officers and Employee Share
Scheme Beneficiaries
Mgmt For For
Shaanxi Coal Industry Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7679D109
Ticker: 601225
Primary ISIN: CNE100001T64
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shaanxi Coal Industry Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve Related Party Transaction Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
6 Approve to Appoint Auditor Mgmt For For
7 Approve Provision of Guarantee SH For For
ELECT INDEPENDENT DIRECTOR VIA
CUMULATIVE VOTING
Mgmt
8.1 Elect Dan Yong as Independent Director Mgmt For Against
Blended Rationale: Future World Protection List: A vote against is applied as the company meets the criteria for inclusion in
LGIM’s Future World Protection List. Companies are incorporated into the List if they fail to meet minimum standards of
globally accepted business practices. This includes: companies involved in the manufacture and production of controversial
weapons; perennial violators of the United Nations Global Compact (UNGC); and pure coal miners.Additionally, a vote AGAINST
is warranted because there is lack of disclosure on the profile of both director candidates.
ELECT NON-INDEPENDENT DIRECTOR VIA
CUMULATIVE VOTING
9.1 Elect Yang Zhaoqian as Non-Independent
Director
Mgmt
SH
For
Against
Blended Rationale: Future World Protection List: A vote against is applied as the company meets the criteria for inclusion in
LGIM’s Future World Protection List. Companies are incorporated into the List if they fail to meet minimum standards of
globally accepted business practices. This includes: companies involved in the manufacture and production of controversial
weapons; perennial violators of the United Nations Global Compact (UNGC); and pure coal miners.Additionally, a vote AGAINST
is warranted because there is lack of disclosure on the profile of both director candidates.
ELECT SUPERVISOR VIA CUMULATIVE Mgmt
VOTING
10.1 Elect Che Jianhong as Supervisor SH For
For
STO Express Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y988B5105
Ticker: 002468
Primary ISIN: CNE100000T99
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
STO Express Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
Taiwan High Speed Rail Corp.
Meeting Date: 05/21/2020 Country: Taiwan
Meeting Type: Annual
Primary Security ID: Y8421F103
Ticker: 2633
Primary ISIN: TW0002633005
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Business Report and Financial
Statements
Mgmt
For
For
2 Approve Plan on Profit Distribution Mgmt For For
3 Approve Amendments to Rules and
Procedures Regarding Shareholders' General
Meeting
Mgmt For For
4 Amend Procedures for Endorsement and
Guarantees
Mgmt For For
5 Amend Procedures for Lending Funds to
Other Parties
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS AND
INDEPENDENT DIRECTORS VIA CUMULATIVE
VOTING
Mgmt
6.1 Elect Yao-Chung Chiang, a Representative of
CHINA AVIATION DEVELOPMENT
FOUNDATION with Shareholder No. 51400, as
Non-Independent Director
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Taiwan High Speed Rail Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6.2 Elect Kwo-Tsai Wang, a Representative of
MINISTRY OF TRANSPORTATION AND
COMMUNICATIONS with Shareholder No.
92268, as Non-Independent Director
Mgmt For Against
Blended Rationale: A vote AGAINST the non-independent director nominees under Items 6.2-6.9 is warranted because the
independence level will be 30.77 percent, which does not meet the minimum requirement of one-third.
6.3 Elect Min-Ching Liu, a Representative of
MINISTRY OF TRANSPORTATION AND
COMMUNICATIONS with Shareholder No.
92268, as Non-Independent Director
Mgmt For Against
Blended Rationale: A vote AGAINST the non-independent director nominees under Items 6.2-6.9 is warranted because the
independence level will be 30.77 percent, which does not meet the minimum requirement of one-third.
6.4 Elect Lee-Ching Ko, a Representative of
CHINA AVIATION DEVELOPMENT
FOUNDATION with Shareholder No. 51400, as
Non-Independent Director
Mgmt For Against
Blended Rationale: A vote AGAINST the non-independent director nominees under Items 6.2-6.9 is warranted because the
independence level will be 30.77 percent, which does not meet the minimum requirement of one-third.
6.5 Elect Chao-Tung Wong, a Representative of
CHINA STEEL CORPORATION with
Shareholder No. 43831, as Non-Independent
Director
Mgmt For Against
Blended Rationale: A vote AGAINST the non-independent director nominees under Items 6.2-6.9 is warranted because the
independence level will be 30.77 percent, which does not meet the minimum requirement of one-third.
6.6 Elect Chao-Yih Chen, a Representative of
Taiwan Sugar Corporation with Shareholder
No. 5762, as Non-Independent Director
Mgmt For Against
Blended Rationale: A vote AGAINST the non-independent director nominees under Items 6.2-6.9 is warranted because the
independence level will be 30.77 percent, which does not meet the minimum requirement of one-third.
6.7 Elect Shien-Quey Kao, a Representative of Mgmt For Against Management Committee of National
Development Fund Executive Yuan with
Shareholder No. 38578, as Non-Independent
Director
Blended Rationale: A vote AGAINST the non-independent director nominees under Items 6.2-6.9 is warranted because the
independence level will be 30.77 percent, which does not meet the minimum requirement of one-third.
6.8 Elect Mao-Hsiung Huang, a Representative of
TECO Electric and Machinery Co Ltd with
Shareholder No. 11, as Non-Independent
Director
Mgmt For Against
Blended Rationale: A vote AGAINST the non-independent director nominees under Items 6.2-6.9 is warranted because the
independence level will be 30.77 percent, which does not meet the minimum requirement of one-third.
6.9 Elect Kuo-Chih Liu, a Representative of Taipei
Fubon Commercial Bank Co Ltd with
Shareholder No. 6, as Non-Independent
Director
Mgmt For Against
Blended Rationale: A vote AGAINST the non-independent director nominees under Items 6.2-6.9 is warranted because the
independence level will be 30.77 percent, which does not meet the minimum requirement of one-third.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Taiwan High Speed Rail Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6.10
Elect Kenneth Huang-Chuan Chiu with ID No.
E100588XXX as Independent Director
Mgmt
For
For
6.11 Elect Pai-Ta Shih with ID No. U120155XXX as
Independent Director
Mgmt For For
6.12 Elect Yung-Cheng (Rex) Lai with ID No.
M121529XXX as Independent Director
Mgmt For For
6.13 Elect Duei Tsai with ID No. L100933XXX as
Independent Director
Mgmt For For
7 Approve Release of Restrictions of
Competitive Activities of Director Yao Chung
Chiang, a Representative of CHINA AVIATION
DEVELOPMENT FOUNDATION
Mgmt For For
8 Approve Release of Restrictions of
Competitive Activities of Director Kwo-Tsai
Wang, a Representative of MINISTRY OF
TRANSPORTATION AND COMMUNICATIONS
Mgmt For Against
Blended Rationale: A vote AGAINST Items 8-13 is warranted because the election of the directors in question do not warrant
shareholder support.
9 Approve Release of Restrictions of
Competitive Activities of Director Lee-Ching
Ko, a Representative of CHINA AVIATION
DEVELOPMENT FOUNDATION
Mgmt For Against
Blended Rationale: A vote AGAINST Items 8-13 is warranted because the election of the directors in question do not warrant
shareholder support.
10 Approve Release of Restrictions of
Competitive Activities of Director Chao-Tung
Wong, a Representative of CHINA STEEL
CORPORATION
Mgmt For Against
Blended Rationale: A vote AGAINST Items 8-13 is warranted because the election of the directors in question do not warrant
shareholder support.
11 Approve Release of Restrictions of
Competitive Activities of Director Chao-Yih
Chen, a Representative of Taiwan Sugar
Corporation
Mgmt For Against
Blended Rationale: A vote AGAINST Items 8-13 is warranted because the election of the directors in question do not warrant
shareholder support.
12 Approve Release of Restrictions of
Competitive Activities of Director Mao-Hsiung
Huang, a Representative of TECO Electric and
Machinery Co Ltd
Mgmt For Against
Blended Rationale: A vote AGAINST Items 8-13 is warranted because the election of the directors in question do not warrant
shareholder support.
13 Approve Release of Restrictions of
Competitive Activities of Director Kuo-Chih
Liu, a Representative of Taipei Fubon
Commercial Bank Co Ltd
Mgmt For Against
Blended Rationale: A vote AGAINST Items 8-13 is warranted because the election of the directors in question do not warrant
shareholder support.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Taiwan High Speed Rail Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
14
Approve Release of Restrictions of
Competitive Activities of Director Independent
Director Kenneth Huang-Chuan Chiu
Mgmt
For
For
15 Approve Release of Restrictions of
Competitive Activities of Director Independent
Director Pai-Ta Shih
Mgmt For For
16 Approve Release of Restrictions of
Competitive Activities of Director Independent
Director Duei Tsai
Mgmt For For
Xinhua Winshare Publishing & Media Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9725X105
Ticker: 811
Primary ISIN: CNE1000004B0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Accept Financial Statements and Statutory
Reports
Mgmt For For
3 Approve 2019 Annual Report Mgmt For For
4 Approve 2019 Profit Distribution Plan and
Final Dividend
Mgmt For For
5 Approve Deloitte Touche Tohmatsu Certified
Public Accountants LLP as the Auditor and
Internal Control Auditor and Authorize the
Board to Fix Their Remunerations
Mgmt For For
6 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
7 Amend Articles of Association Regarding Party
Committee
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
8 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
9 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Zhejiang Huahai Pharmaceutical Co., Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9891X103
Ticker: 600521
Primary ISIN: CNE000001DL5
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors
Mgmt
For
For
3 Approve Financial Statements
Mgmt
For
For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
5 Approve Annual Report and Summary
Mgmt
Mgmt
For
For
For
For
6 Approve Provision of Guarantee Mgmt For For
7 Approve to Appoint Auditor
Mgmt
For
For
Zhejiang NHU Co. Ltd.
Meeting Date: 05/21/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y98910105
Ticker: 002001
Primary ISIN: CNE000001J84
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Use of Raised Funds for Cash
Management
Mgmt For For
7 Approve Bill Pool Business Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details for shareholder to
effectively assess the associated risks.
8 Approve Provision of Guarantee Mgmt For For
9 Approve Change in Registered Address
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Zhejiang NHU Co. Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10
Approve Amendments to Articles of
Association
Mgmt
For
For
11 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
12 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
13 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt For For
14 Amend Working System for Independent
Directors
Mgmt For For
15 Amend Information Disclosure Management
System
Mgmt For For
16 Amend Management System for Providing
External Guarantees
Mgmt For For
17 Amend Related-Party Transaction
Management System
Mgmt For For
18 Approve to Appoint Auditor Mgmt For For
Anhui Expressway Company Limited
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y01374100
Ticker: 995
Primary ISIN: CNE1000001X0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Working Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Working Report of the
Supervisory Committee
Mgmt For For
3 Approve 2019 Audited Financial Report Mgmt For For
4 Approve 2019 Profit Appropriation Proposal Mgmt For For
5 Approve Auditors and Authorize Board to Fix
Their Remuneration
Mgmt For For
6 Approve Donation in Support of the Fight
Against the Outbreak of the Pneumonia
Caused By the Novel Coronavirus
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Anhui Expressway Company Limited
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
7 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for New
A Shares and/or H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The aggregate share
issuance limit is greater than 10 percent.- The company has not specified the discount limit.
AviChina Industry & Technology Company Limited
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0485Q109
Ticker: 2357
Primary ISIN: CNE1000001Y8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve 2019 Report of the Board of
Directors
Mgmt
For
For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Audited Financial Statements Mgmt For For
4 Approve 2019 Profit Distribution Plan and
Distribution of Final Dividend
Mgmt For For
5 Approve ShineWing (HK) CPA Ltd. and
ShineWing Certified Public Accountant LLP as
International and Domestic Auditors
Respectively and Authorize Board to Fix Their
Remuneration
Mgmt For For
6 Other Business by Way of Ordinary Resolution Mgmt For Against
Blended Rationale: Governance Concerns: An against vote is applied as the detail of the resolution is unknown at the time of
voting.
7 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for H
Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
8 Authorize Repurchase of Issued H Share
Capital
9 Other Business by Way of Special Resolution
Mgmt
Mgmt
For
For
For
Against
Blended Rationale: Governance Concerns: An against vote is applied as the detail of the resolution is unknown at the time of
voting.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Chaozhou Three-Circle (Group) Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Special
Primary Security ID: Y1R99A101
Ticker: 300408
Primary ISIN: CNE100001Y42
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Elect Chen Guixu as Supervisor Mgmt For For
China Grand Automotive Services Group Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1495U106
Ticker: 600297
Primary ISIN: CNE000001576
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Report of the Independent Directors Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve Authorization on Guarantee Provision
Plan
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
8 Approve Authorization on Internal Financing
Plan
Mgmt For For
9 Approve Use of Own Funds to Conduct
Entrusted Asset Management
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
10 Approve Remuneration of Directors and
Senior Management Members
11 Approve Remuneration of Supervisors
Mgmt
Mgmt
For
For
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Grand Automotive Services Group Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
12
Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt
For
For
13 Approve to Appoint Financial Auditor and
Internal Control Auditor
Mgmt For For
14 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
15 Approve Termination of Employee Share
Purchase Plan
Mgmt For For
China International Travel Service Corp. Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y149A3100
Ticker: 601888
Primary ISIN: CNE100000G29
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Report of the Independent Directors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Elect Liu Defu as Supervisor SH For For
8 Approve Equity Acquisition SH For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
9.1 Elect Peng Hui as Non-Independent Director SH For For
9.2 Elect Chen Guoqiang as Non-Independent
Director
SH For For
9.3 Elect Xue Jun as Non-Independent Director SH For For
9.4 Elect Zhang Yin as Non-Independent Director SH For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
10.1 Elect Zhang Rungang as Independent Director SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China International Travel Service Corp. Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10.2 Elect Wang Bin as Independent Director SH For For
10.3 Elect Liu Yan as Independent Director SH
For
For
China Jushi Co. Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Special
Primary Security ID: Y5642X103
Ticker: 600176
Primary ISIN: CNE000000YM1
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Change in the Number of Members
of the Board of Supervisors
Mgmt For For
2 Amend Articles of Association Mgmt For For
China National Building Material Company Limited
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y15045100
Ticker: 3323
Primary ISIN: CNE1000002N9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve 2019 Report of the Board of
Directors
Mgmt
For
For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Auditors' Report and Audited
Financial Statements
Mgmt For For
4 Approve 2019 Profit Distribution Plan and
Final Dividend Distribution Plan
Mgmt For For
5 Authorize Board to Deal With All Matters in
Relation to the Company's Distribution of
Interim Dividend
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China National Building Material Company Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Baker Tilly China Certified Public
Accountants as Domestic Auditor and Baker
Tilly Hong Kong Limited as International
Auditor and Authorize Board to Fix Their
Remuneration
Mgmt
For
For
7 Elect Li Jun as Director and Authorize Board
to Fix His Remuneration
Mgmt For For
8 Elect Wang Yumeng as Supervisor and
Authorize Board to Fix His Remuneration
Mgmt For For
9 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Unlisted Shares and H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The aggregate share
issuance limit is greater than 10 percent.- The company has not specified the discount limit.
10 Approve Issuance of Debt Financing
Instruments and Related Transactions
Mgmt For For
11a Amend Articles of Association Mgmt For For
11b Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
China National Building Material Company Limited
Meeting Date: 05/22/2020 Country: China
Meeting Type: Special
Primary Security ID: Y15045100
Ticker: 3323
Primary ISIN: CNE1000002N9
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1a Amend Articles of Association
Mgmt
For
For
1b Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt
For
For
China National Chemical Engineering Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1504G106
Ticker: 601117
Primary ISIN: CNE100000KC0
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China National Chemical Engineering Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Financial Statements
Mgmt
For
For
2 Approve Financial Budget Report Mgmt For For
3 Approve Profit Distribution Mgmt For For
4 Approve Guarantee Provision Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
5 Approve Appointment of Auditor and Payment
of Remuneration
Mgmt For For
6 Approve Annual Report Mgmt For For
7 Approve Investment Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
8 Amend Articles of Association Mgmt For For
9 Approve Report of the Board of Directors Mgmt For For
10 Approve Report of the Board of Supervisors Mgmt For For
11 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
12 Approve Company's Eligibility for Private
Placement of Shares
Mgmt For For
13 Approve Related Party Transactions in
Connection to Private Placement
Mgmt For For
APPROVE PRIVATE PLACEMENT OF SHARES Mgmt
14.1 Approve Share Type and Par Value Mgmt For For
14.2 Approve Issue Manner and Issue Time Mgmt For For
14.3 Approve Target Subscribers and Subscription
Method
Mgmt For For
14.4 Approve Pricing Reference Date, Issue Price
and Pricing Principles
Mgmt For For
14.5 Approve Issue Size Mgmt For For
14.6 Approve Lock-up Period Mgmt For For
14.7 Approve Distribution Arrangement of
Undistributed Earnings
Mgmt For For
14.8 Approve Listing Location Mgmt For For
14.9 Approve Raised Funds Amount and
Investment Project
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China National Chemical Engineering Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
14.10 Approve Resolution Validity Period Mgmt For For
15 Approve Plan for Private Placement of New
Shares
Mgmt For For
16 Approve Feasibility Analysis Report on the
Use of Proceeds
Mgmt For For
17 Approve Subscription Agreement Mgmt For For
18 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For For
19 Approve the Notion that the Company Does
Not Need to Prepare Report on the Usage of
Previously Raised Funds
Mgmt For For
20 Approve Shareholder Return Plan Mgmt For For
21 Approve Authorization of Board and Its
Authorized Persons to Handle All Related
Matters
Mgmt For For
China United Network Communications Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y15075107
Ticker: 600050
Primary ISIN: CNE000001CS2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Financial Statements
Mgmt
For
For
2 Approve Profit Distribution Mgmt For For
3 Approve Appointment of Auditor Mgmt For For
4 Approve Report of the Board of Directors Mgmt For For
5 Approve Report of the Board of Supervisors Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
APPROVE ANNUAL SHAREHOLDERS'
MEETING INFILTRATION VOTING
Mgmt
7.1 Approve Profit Distribution Matters Mgmt For For
7.2 Approve Election of Directors and Authorize
the Board to Determine the Director's
Remuneration
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China United Network Communications Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7.3
Approve Authorization of Board to Handle All
Related Matters Regarding the Repurchase of
Shares in Accordance with All Applicable Laws
on the to Hong Kong Stock Exchange
Mgmt
For
For
7.4 Approve Authorization of Board to Handle All
Related Matters Regarding the Exercise
Allotment During the Period, Power to
Reissue and Handle Additional Shares
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted given the company has not specified discount limits for the issuance of shares
without preemptive rights and that the aggregate issuance request is 30 percent (20 percent under the General Issuance
Mandate, and 10 percent under the Share Reissuance Mandate), which is deemed excessive.
8 Approve Postponement on Partial Raised Mgmt For For Funds Investment Project
9 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
APPROVE RELATED PARTY TRANSACTION Mgmt
10.1 Approve Related Party Transactions with
China Tower Co., Ltd.
Mgmt For For
10.2 Approve Related Party Transactions with
China Guangfa Bank Co., Ltd.
Mgmt For For
11 Approve Decrease in Registered Capital and
Amend Articles of Association
Mgmt For For
Chongqing Changan Automobile Co. Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1583S104
Ticker: 200625
Primary ISIN: CNE000000N14
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements and Financial
Budget Report
Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Daily Related-party Transactions Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Chongqing Changan Automobile Co. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7 Approve Investment Plan Mgmt For For
8 Approve Bill Pool Business
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details for shareholder to
effectively assess the associated risks.
9 Approve Appointment of Financial Auditor and Mgmt For For Internal Control Auditor
10 Approve Company's Eligibility for Private
Placement of Shares
Mgmt For For
APPROVE PLAN FOR PRIVATE PLACEMENT
OF NEW SHARES
Mgmt
11.1 Approve Share Type and Par Value Mgmt For For
11.2 Approve Issue Manner and Issue Time Mgmt For For
11.3 Approve Target Subscriber and Method of
Subscription
Mgmt For For
11.4 Approve Pricing Reference Date, Issue Price
and Pricing Basis
Mgmt For For
11.5 Approve Issue Size Mgmt For For
11.6 Approve Amount and Use of Proceeds Mgmt For For
11.7 Approve Lock-up Period Mgmt For For
11.8 Approve Distribution Arrangement of
Cumulative Earnings
Mgmt For For
11.9 Approve Listing Exchange Mgmt For For
11.10 Approve Resolution Validity Period Mgmt For For
12 Approve Private Placement of Shares Mgmt For For
13 Approve Feasibility Analysis Report on the
Use of Proceeds
Mgmt For For
14 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
15 Approve Related Party Transactions in
Connection to Private Placement
Mgmt For For
16 Approve Whitewash Waiver and Related
Transactions
Mgmt For For
17 Approve Share Subscription Agreement Mgmt For For
18 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For For
19 Approve Undertakings by the Controlling
Shareholder, Actual Controller, Directors and
Senior Management of the Company to the
Implementation of the Remedial Measures
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Chongqing Changan Automobile Co. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
20 Approve Shareholder Return Plan Mgmt For For
21 Approve Authorization of Board to Handle All
Related Matters
22 Amend Management System of Raised Funds
Mgmt
Mgmt
For
For
For
For
Chongqing Changan Automobile Co. Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1583S104
Ticker: 200625
Primary ISIN: CNE000000N14
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF B SHARES
Mgmt
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements and Financial
Budget Report
Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Daily Related-party Transactions Mgmt For For
7 Approve Investment Plan Mgmt For For
8 Approve Bill Pool Business Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details for shareholder to
effectively assess the associated risks.
9 Approve Appointment of Financial Auditor and
Internal Control Auditor
Mgmt For For
10 Approve Company's Eligibility for Private
Placement of Shares
Mgmt For For
APPROVE PLAN FOR PRIVATE PLACEMENT
OF NEW SHARES
Mgmt
11.1 Approve Share Type and Par Value Mgmt For For
11.2 Approve Issue Manner and Issue Time Mgmt For For
11.3 Approve Target Subscriber and Method of
Subscription
Mgmt For For
11.4 Approve Pricing Reference Date, Issue Price
and Pricing Basis
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Chongqing Changan Automobile Co. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
11.5
Approve Issue Size
Mgmt
For
For
11.6 Approve Amount and Use of Proceeds Mgmt For For
11.7 Approve Lock-up Period Mgmt For For
11.8 Approve Distribution Arrangement of
Cumulative Earnings
Mgmt For For
11.9 Approve Listing Exchange Mgmt For For
11.10 Approve Resolution Validity Period Mgmt For For
12 Approve Private Placement of Shares Mgmt For For
13 Approve Feasibility Analysis Report on the
Use of Proceeds
Mgmt For For
14 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
15 Approve Related Party Transactions in
Connection to Private Placement
Mgmt For For
16 Approve Whitewash Waiver and Related
Transactions
Mgmt For For
17 Approve Share Subscription Agreement Mgmt For For
18 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For For
19 Approve Undertakings by the Controlling
Shareholder, Actual Controller, Directors and
Senior Management of the Company to the
Implementation of the Remedial Measures
Mgmt For For
20 Approve Shareholder Return Plan Mgmt For For
21 Approve Authorization of Board to Handle All
Related Matters
Mgmt For For
22 Amend Management System of Raised Funds Mgmt For For
Fiberhome Telecommunication Technologies Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2482T102
Ticker: 600498
Primary ISIN: CNE0000018P2
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Fiberhome Telecommunication Technologies Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Report of the Independent Directors
Mgmt
For
For
4 Approve Financial Statements
Mgmt
For
For
5 Approve Profit Distribution
Mgmt
For
For
6 Approve Daily Related Party Transaction
Mgmt
For
For
7 Approve Annual Report and Summary
Mgmt
For
For
GEM Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7744C102
Ticker: 002340
Primary ISIN: CNE100000KT4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Report on the Deposit and Usage of
Raised Funds
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
Grandjoy Holdings Group Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7740B108
Ticker: 000031
Primary ISIN: CNE000000BJ5
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Grandjoy Holdings Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2
Approve Report of the Board of Supervisors
Mgmt
For
For
3 Approve Audited Financial Report and Audit
Report
Mgmt For For
4 Approve Profit Distribution and Capitalization
of Capital Reserves
Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Application of Loan Credit Lines Mgmt For For
7 Approve Provision of Guarantees to
Subsidiary
Mgmt For For
8 Approve Provision of Guarantees to Joint
Venture Real Estate Project
Mgmt For For
9 Approve External Financial Assistance
Provision
Mgmt For For
10 Approve Authorization to Provide Financial
Assistance to a Project Company
Mgmt For For
11 Approve Daily Related-party Transactions Mgmt For For
12 Approve Deposit and Loans Related Party
Transactions with Finance Company
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
13 Approve Loan Application from COFCO Land
Management Co., Ltd. and Other Related
Matters
Mgmt For For
14 Approve Loan Application from Yu Chuan Co.,
Ltd. and Other Related Matters
Mgmt For For
15 Approve Loan Application from Pengli
International Group Co., Ltd. and Other
Related Matters
Mgmt For For
16 Approve Financing Cooperation with China
Taiping Insurance Group
Mgmt For For
17 Approve Financial Derivatives Trading
Business
Mgmt For For
18 Approve Authorization for Issuance of Debt
Financing Instruments
Mgmt For For
19 Approve Appointment of Financial Auditor and
Internal Control Auditor
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
20.1 Elect Zhou Zheng as Non-independent
Director
Mgmt For For
20.2 Elect Ma Dewei as Non-independent Director Mgmt For For
20.3 Elect Zhu Laibin as Non-independent Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Grandjoy Holdings Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
20.4 Elect Jiang Yong as Non-independent Director Mgmt For For
20.5 Elect Zhang Zuoxue as Non-independent
Director
20.6 Elect Cao Ronggen as Non-independent
Director
Mgmt
Mgmt
For
For
For
Against
Blended Rationale: Audit Committee: A vote against is applied as LGIM expects the Committee to be comprised of independent
directors.
20.7 Elect Li Jinyang as Non-independent Director Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
21.1 Elect Liu Hongyu as Independent Director Mgmt For For
21.2 Elect Wang Yong as Independent Director Mgmt For For
21.3 Elect Liu Yuan as Independent Director Mgmt For For
21.4 Elect Yuan Chun as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
22.1 Elect Yu Fuping as Supervisor Mgmt For For
22.2 Elect Wu Lipeng as Supervisor Mgmt For For
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y444AE101
Ticker: 002304
Primary ISIN: CNE100000HB8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Appointment of Financial Auditor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Jiangsu Yanghe Brewery Joint-Stock Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
7 Approve Use of Funds for Financial Products Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
8 Elect Li Minfu as Non-Independent Director Mgmt For For
Nedbank Group Ltd.
Meeting Date: 05/22/2020 Country: South Africa
Meeting Type: Annual
Primary Security ID: S5518R104
Ticker: NED
Primary ISIN: ZAE000004875
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
Ordinary Resolutions
Mgmt
1.1 Elect Tshilidzi Marwala as Director Mgmt For For
2.1 Re-elect Hubert Brody as Director Mgmt For For
2.2 Re-elect Errol Kruger as Director Mgmt For For
2.3 Re-elect Linda Makalima as Director Mgmt For For
2.4 Re-elect Mpho Makwana as Director Mgmt For For
2.5 Re-elect Dr Mantsika Matooane as Director Mgmt For For
3.1 Reappoint Deloitte & Touche as Auditors with
Lito Nunes as the Designated Registered
Auditor
Mgmt For Against
Blended Rationale: Auditor tenure: A vote against is applied as LGIM expects the role of the external auditor to be put to tender
on a regular basis.
3.2 Reappoint Ernst & Young as Auditors with
Farouk Mohideen as the Designated
Registered Auditor
Mgmt For For
4.1 Elect Stanley Subramoney as Member of the
Audit Committee
Mgmt For For
4.2 Elect Hubert Brody as Member of the Audit
Committee
Mgmt For For
4.3 Elect Neo Dongwana as Member of the Audit
Committee
Mgmt For For
4.4 Elect Errol Kruger as Member of the Audit
Committee
Mgmt For For
5 Place Authorised but Unissued Shares under
Control of Directors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Nedbank Group Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
6.1 Adopt and Publicly Disclose an Energy Policy Mgmt For For
6.2 Report on the Company's Approach to
Measuring, Disclosing and Assessing its
Exposure to Climate-related Risks
Mgmt For For
Advisory Endorsement Mgmt
7.1 Approve Remuneration Policy Mgmt For Against
Blended Rationale: Remuneration: A vote against is applied as LGIM expects all incentive plans to be capped either as a
percentage of salary or a fixed number of shares.
7.2 Approve Remuneration Implementation Mgmt
Report
For For
Special Resolutions Mgmt
1.1 Approve Fees for the Non-executive Chairman Mgmt For
For
1.2 Approve Fees for the Lead Independent Mgmt
Director
For
For
1.3 Approve Fees for the Nedbank Group Board Mgmt
Member
For For
1.4 Approve Fees for the Group Audit Committee Mgmt For For
1.5 Approve Fees for the Group Credit Committee Mgmt For
For
1.6 Approve Fees for the Group Directors' Affairs Mgmt
Committee
For
For
1.7 Approve Fees for the Group Information Mgmt
Technology Committee
For For
1.8 Approve Fees for the Group Related Party Mgmt
Transactions Committee
For For
1.9 Approve Fees for the Group Remuneration Mgmt
Committee
For For
1.10 Approve Fees for the Group Risk and Capital Mgmt
Management Committee
For For
1.11 Approve Fees for the Group Transformation, Mgmt
Social and Ethics Committee
For For
2 Authorise Repurchase of Issued Share Capital Mgmt For For
3 Authorise Board to Issue Shares for Cash Mgmt For
For
4 Approve Financial Assistance to Related and Mgmt
Inter-related Companies
For
For
PhosAgro PJSC
Meeting Date: 05/22/2020 Country: Russia
Primary Security ID: X65078101
Meeting Type: Annual Ticker: PHOR
Primary ISIN: RU000A0JRKT8
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
PhosAgro PJSC
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
Meeting for GDR Holders
Mgmt
1 Approve Annual Report Mgmt For For
2 Approve Financial Statements Mgmt For For
3 Approve Allocation of Income and Dividends
of RUB 18 per Share
Mgmt For For
Elect Ten Directors via Cumulative Voting Mgmt
4.1 Elect Igor Antoshin as Director Mgmt None Against
4.2 Elect Irina Bokova as Director Mgmt None For
4.3 Elect Andrei A. Gurev as Director Mgmt None Against
4.4 Elect Andrei G. Gurev as Director Mgmt None Against
4.5 Elect Sven Ombudstvedt as Director Mgmt None Against
4.6 Elect Roman Osipov as Director Mgmt None Against
4.7 Elect Natalia Pashkevich as Director Mgmt None For
4.8 Elect Sergei Pronin as Director Mgmt None Against
4.9 Elect James Rogers as Director Mgmt None For
4.10 Elect Ivan Rodionov as Director Mgmt None Against
4.11 Elect Xavier Rolet as Director Mgmt None For
4.12 Elect Marcus Rhodes as Director Mgmt None Against
4.13 Elect Mikhail Rybnikov as Director Mgmt None Against
4.14 Elect Sergei Sereda as Director Mgmt None Against
4.15 Elect Aleksei Sirotenko as Director Mgmt None Against
4.16 Elect Aleksandr Sharabaiko as Director Mgmt None Against
4.17 Elect Andrei Sharonov as Director Mgmt None For
5 Approve Remuneration of Directors Mgmt For For
Elect Three Members of Audit Commission Mgmt
6.1 Elect Ekaterina Viktorova as Member of Audit
Commission
Mgmt For For
6.2 Elect Elena Kriuchkova as Member of Audit
Commission
Mgmt For For
6.3 Elect Olga Lizunova as Member of Audit
Commission
Mgmt For For
7 Ratify FBK as Auditor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
PhosAgro PJSC
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
8 Approve Related-Party Transaction Re: Loan
Agreement
Mgmt For For
RiseSun Real Estate Development Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7286J101
Ticker: 002146
Primary ISIN: CNE1000005Y9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements and Audit
Report
Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Allocation of Income and Dividends Mgmt For For
7 Approve Financial Budget Report Mgmt For For
8 Approve Appointment of Financial Auditor and
Internal Control Auditor
Mgmt For For
9 Approve Provision of Guarantee for Chengdu
Tianhe Real Estate Development Co., Ltd.
SH For For
10 Approve Provision of Guarantee for
Rongsheng Xingcheng (Tangshan) Yuanqu
Construction Development Co., Ltd.
SH For For
11 Approve Company's Overseas Listing in
Compliance with the Notice Governing
Overseas Listing of Enterprises Subordinate to
Companies Listed in China
SH For For
12 Approve Scheme for the Above Company's
Oversea Listing
SH For For
13 Approve Commitment of Upholding the
Independent Listing Status
SH For For
14 Approve Statement on and Prospect of the
Continuing Profitability
SH For For
15 Approve Authorization of the Board to Handle
All Related Matters Regarding Scheme for the
Above Company's Oversea Listing
SH For For
16 Approve Full Circulation Application SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai Jin Jiang International Hotels Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7688C100
Ticker: 900934
Primary ISIN: CNE000000HM6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF B SHARES
Mgmt
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Payment of Audit Fees Mgmt For For
7 Approve Appointment of Financial Auditor and
Internal Control Auditor
Mgmt For For
8 Approve Financial Service Agreement Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7699D105
Ticker: 600895
Primary ISIN: CNE000000JX9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements and Financial
Budget Report
Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Stock Funds Management Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7
Approve Issuance of Debt Financing
Instrument
Mgmt
For
For
8 Elect He Dajun as Non-independent Director Mgmt For For
9 Elect Tao Mingchang as Supervisor Mgmt For For
10 Approve Appointment of Financial Auditor and
Internal Control Auditor
Mgmt For For
Shenzhen Inovance Technology Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7744Z101
Ticker: 300124
Primary ISIN: CNE100000V46
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Annual Report and Summary Mgmt For For
2 Approve Report of the Board of Directors
Mgmt
For
For
3 Approve Report of the Board of Supervisors
Mgmt
For
For
4 Approve Profit Distribution
Mgmt
For
For
5 Approve Financial Budget
Mgmt
For
For
6 Approve Change in Registered Capital and
Amend Articles of Association
7 Approve Repurchase and Cancellation of
Performance Shares (1)
8 Approve Repurchase and Cancellation of
Performance Shares (2)
9 Approve Adjustment of Implementation
Progress of Technology Center Project Using
Excess Raised Funds
Mgmt
Mgmt
Mgmt
Mgmt
For
For
For
For
For
For
For
For
Suzano SA
Meeting Date: 05/22/2020 Country: Brazil
Meeting Type: Annual
Primary Security ID: P8T20U187
Ticker: SUZB3
Primary ISIN: BRSUZBACNOR0
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Suzano SA
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Accept Management Statements for Fiscal
Year Ended Dec. 31, 2019
Mgmt
For
For
2 Accept Financial Statements and Statutory
Reports for Fiscal Year Ended Dec. 31, 2019
Mgmt For For
3 Do You Wish to Adopt Cumulative Voting for
the Election of the Members of the Board of
Directors, Under the Terms of Article 141 of
the Brazilian Corporate Law?
Mgmt None For
4 Elect Directors Mgmt For Against
Blended Rationale: Board mandates: A vote against is applied as LGIM expects a CEO or a non-executive director not to hold
too many external roles to ensure they can undertake their duties effectively.
5 In Case There is Any Change to the Board
Slate Composition, May Your Votes Still be
Counted for the Proposed Slate?
Mgmt None Against
6 In Case Cumulative Voting Is Adopted, Do
You Wish to Equally Distribute Your Votes
Amongst the Nominees below?
Mgmt None For
APPLIES ONLY IF CUMULATIVE VOTING IS
ADOPTED - If You Vote FOR on Item 6, Votes
Will Be Automatically Distributed in Equal %
Amongst The Nominees voted FOR below. If
You Vote AGST, Contact Your Client Service
Rep to Disproportionately Allocate % of Votes
Mgmt
7.1 Percentage of Votes to Be Assigned - Elect
David Feffer as Director
Mgmt None Abstain
7.2 Percentage of Votes to Be Assigned - Elect
Claudio Thomaz Lobo Sonder as Director
Mgmt None For
7.3 Percentage of Votes to Be Assigned - Elect
Daniel Feffer as Director
Mgmt None For
7.4 Percentage of Votes to Be Assigned - Elect
Ana Paula Pessoa as Independent Director
Mgmt None For
7.5 Percentage of Votes to Be Assigned - Elect
Maria Priscila Rodini Vansetti Machado as
Independent Director
Mgmt None For
7.6 Percentage of Votes to Be Assigned - Elect
Nildemar Secches as Independent Director
Mgmt None For
7.7 Percentage of Votes to Be Assigned - Elect
Rodrigo Kede de Freitas Lima as Independent
Director
Mgmt None For
7.8 Percentage of Votes to Be Assigned - Elect
Rodrigo Calvo Galindo as Independent
Director
Mgmt None For
7.9 Percentage of Votes to Be Assigned - Elect
Paulo Rogerio Caffarelli as Independent
Director
Mgmt None For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Suzano SA
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8
Approve Remuneration of Company's
Management and Fiscal Council
Mgmt
For
For
9 Do You Wish to Request Installation of a
Fiscal Council, Under the Terms of Article 161
of the Brazilian Corporate Law?
Mgmt None For
10.1 Elect Luiz Augusto Marques Paes as Fiscal
Council Member and Roberto Figueiredo Mello
as Alternate
Mgmt For Against
Blended Rationale: AGAINST vote recommendations are warranted for management's fiscal council nominees, to allow minority
shareholders to concentrate their votes on the election of a minority fiscal council candidate as further discussed under Item 13
of this meeting agenda.
10.2 Elect Rubens Barletta as Fiscal Council
Member and Luiz Gonzaga Ramos Schubert as
Alternate
Mgmt For Against
Blended Rationale: AGAINST vote recommendations are warranted for management's fiscal council nominees, to allow minority
shareholders to concentrate their votes on the election of a minority fiscal council candidate as further discussed under Item 13
of this meeting agenda.
11 Elect Eraldo Soares Pecanha as Fiscal Council
Member and Kurt Janos Toth as Alternate
Appointed by Minority Shareholder
12 In the Event of a Second Call, the Voting
Instructions Contained in this Remote Voting
Card May Also be Considered for the Second
Call?
13 As an Ordinary Shareholder, Would You like
to Request a Separate Minority Election of a
Member of the Board of Directors, Under the
Terms of Article 141 of the Brazilian
Corporate Law?
14 Fix Number of Directors at Ten
SH
Mgmt
Mgmt
Mgmt
None
None
None
For
For
For
For
For
15 Elect Helio Lima Magalhaes as Director SH
Appointed by Minority Shareholder
None
Against
Suzano SA
Meeting Date: 05/22/2020 Country: Brazil
Meeting Type: Special
Primary Security ID: P8T20U187
Ticker: SUZB3
Primary ISIN: BRSUZBACNOR0
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Agreement to Absorb Suzano
Participacoes do Brasil Ltda.
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Suzano SA
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2 Ratify PricewaterhouseCoopers Auditores
Independentes as Independent Firm to
Appraise Proposed Transaction
3 Approve Independent Firm's Appraisal
Mgmt
Mgmt
For
For
For
For
4 Approve Absorption of Suzano Participacoes
do Brasil Ltda.
5 Authorize Board to Ratify and Execute
Approved Resolutions
6 In the Event of a Second Call, the Voting
Instructions Contained in this Remote Voting
Card May Also be Considered for the Second
Call?
Mgmt
Mgmt
Mgmt
For
For
None
For
For
For
Venustech Group Inc.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y07764106
Ticker: 002439
Primary ISIN: CNE100000QJ2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve Remuneration of Directors Mgmt For For
8 Approve Remuneration of Supervisors Mgmt For For
9 Approve Use of Idle Own Funds to Invest in
Financial Products
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
10 Approve Change in Registered Capital and
Amend Articles of Association
Mgmt For For
11 Elect Zhang Hongliang as Independent
Director
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wingtech Technology Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Special
Primary Security ID: Y3745E106
Ticker: 600745
Primary ISIN: CNE000000M72
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Draft and Summary of Stock Option
Plan and Performance Share Incentive Plan
Mgmt For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.A vote AGAINST is warranted because directors eligible to receive
options and performance shares under the scheme are involved in the administration of the scheme.
2 Approve Methods to Assess the Performance
of Plan Participants
Mgmt For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.A vote AGAINST is warranted because directors eligible to receive
options and performance shares under the scheme are involved in the administration of the scheme.
3 Approve Authorization of the Board to Handle
All Related Matters
Mgmt For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.A vote AGAINST is warranted because directors eligible to receive
options and performance shares under the scheme are involved in the administration of the scheme.
Wonders Information Co., Ltd.
Meeting Date: 05/22/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9669S104
Ticker: 300168
Primary ISIN: CNE100000ZD6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Audit Report Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wonders Information Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Provision for Asset Impairment and
Credit Impairment Losses
Mgmt
For
For
7 Approve Profit Distribution Mgmt For For
8 Approve to Appoint Auditor Mgmt For For
9 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
10 Approve Amendments to Articles of
Association and Change of Registered Capital
Mgmt For For
11 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
12 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
13 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt For For
China State Construction Engineering Corp. Ltd.
Meeting Date: 05/25/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1R16Z106
Ticker: 601668
Primary ISIN: CNE100000F46
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Independent Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Annual Report Mgmt For For
7 Approve Financial Budget Report Mgmt For For
8 Approve Investment Budget Report Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
9 Approve Daily Related-Party Transactions
Mgmt
For
Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since the proposed related-party transactions
include intergroup lending which may expose the company to unnecessary risks.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China State Construction Engineering Corp. Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10 Approve Appointment of Financial Auditor Mgmt For For
11 Approve Appointment of Internal Control
Auditor
12 Approve Guarantee
Mgmt
Mgmt
For
For
For
Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
13 Approve Issuance of Domestic Bonds Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
14 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
15 Amend Rules and Procedures Regarding
Meetings of Board of Directors
SH For For
Liaoning Cheng Da Co., Ltd.
Meeting Date: 05/25/2020 Country: China
Meeting Type: Special
Primary Security ID: Y5279J104
Ticker: 600739
Primary ISIN: CNE000000LY3
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Listing and Entire Equity Transfer of
Chengda Fangyuan Pharmaceutical Group
Co., Ltd.
Mgmt For For
2 Approve Authorization of Management on
Matters Related to the Listing and Entire
Equity Transfer of Chengda Fangyuan
Pharmaceutical Group Co., Ltd.
Mgmt For For
Livzon Pharmaceutical Group Inc.
Meeting Date: 05/25/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y52889105
Ticker: 1513
Primary ISIN: CNE100001QV5
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Livzon Pharmaceutical Group Inc.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Work Report of the Board Mgmt For For
2 Approve 2019 Work Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Financial Accounts Report Mgmt For For
4 Approve 2019 Annual Report Mgmt For For
5 Approve Grant Thornton (Special General
Partnership) as Auditor and Authorize Board
to Fix Their Remuneration
Mgmt For For
6 Approve Alteration to Certain Projects
Invested with Proceeds and Adjustment to
Investment Plan and Utilization of Part of
Proceeds for Permanent Replenishment of
Working Capital
Mgmt For For
7 Approve 2019 Annual Profit Distribution Plan Mgmt For For
8 Approve Facility Financing and Provision of
Financing Guarantees to Its Subsidiaries
Mgmt For For
9 Approve Provision of Financing Guarantees to
Livzon MAB
Mgmt For For
10 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
RESOLUTIONS IN RELATION TO THE
RENEWAL OF THE REPURCHASE OF PART OF
THE PUBLIC SHARES SCHEME
Mgmt
11A Approve the Purpose of the Share Repurchase Mgmt For For
11B Approve the Price Range of Shares to be
Repurchased
Mgmt For For
11C Approve the Type, Number and Percentage of
Shares to be Repurchased
Mgmt For For
11D Approve the Aggregate Amount of Funds
Used for the Repurchase and the Source of
Funds
Mgmt For For
11E Approve the Share Repurchase Period Mgmt For For
11F Approve the Validity Period of the Resolution
on the Share Repurchase
Mgmt For For
11G Approve Specific Authorization for the Board
of Directors to Handle Matters Relating to the
Share Repurchase
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Livzon Pharmaceutical Group Inc.
Meeting Date: 05/25/2020 Country: China
Meeting Type: Special
Primary Security ID: Y52889105
Ticker: 1513
Primary ISIN: CNE100001QV5
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES
Mgmt
RESOLUTIONS IN RELATION TO THE
RENEWAL OF THE REPURCHASE OF PART OF
THE PUBLIC SHARES SCHEME
Mgmt
1A Approve the Purpose of the Share Repurchase Mgmt For For
1B Approve the Price Range of Shares to be
Repurchased
Mgmt For For
1C Approve the Type, Number and Percentage of
Shares to be Repurchased
Mgmt For For
1D Approve the Aggregate Amount of Funds
Used for the Repurchase and the Source of
Funds
Mgmt For For
1E Approve the Share Repurchase Period Mgmt For For
1F Approve the Validity Period of the Resolution
on the Share Repurchase
Mgmt For For
1G Approve Specific Authorization for the Board
of Directors to Handle Matters Relating to the
Share Repurchase
Mgmt For For
Livzon Pharmaceutical Group Inc.
Meeting Date: 05/25/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y52889105
Ticker: 1513
Primary ISIN: CNE100001QV5
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Work Report of the Board Mgmt For For
2 Approve 2019 Work Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Financial Accounts Report Mgmt For For
4 Approve 2019 Annual Report Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Livzon Pharmaceutical Group Inc.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
5
Approve Grant Thornton (Special General
Partnership) as Auditor and Authorize Board
to Fix Their Remuneration
Mgmt
For
For
6 Approve Alteration to Certain Projects
Invested with Proceeds and Adjustment to
Investment Plan and Utilization of Part of
Proceeds for Permanent Replenishment of
Working Capital
Mgmt For For
7 Approve 2019 Annual Profit Distribution Plan Mgmt For For
8 Approve Facility Financing and Provision of
Financing Guarantees to Its Subsidiaries
Mgmt For For
9 Approve Provision of Financing Guarantees to
Livzon MAB
Mgmt For For
10 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
RESOLUTIONS IN RELATION TO THE
RENEWAL OF THE REPURCHASE OF PART OF
THE PUBLIC SHARES SCHEME
Mgmt
11.1 Approve the Purpose of the Share Repurchase Mgmt For For
11.2 Approve the Price Range of Shares to be
Repurchased
Mgmt For For
11.3 Approve the Type, Number and Percentage of
Shares to be Repurchased
Mgmt For For
11.4 Approve the Aggregate Amount of Funds
Used for the Repurchase and the Source of
Funds
Mgmt For For
11.5 Approve the Share Repurchase Period Mgmt For For
11.6 Approve the Validity Period of the Resolution
on the Share Repurchase
Mgmt For For
11.7 Approve Specific Authorization for the Board
of Directors to Handle Matters Relating to the
Share Repurchase
Mgmt For For
Livzon Pharmaceutical Group Inc.
Meeting Date: 05/25/2020 Country: China
Meeting Type: Special
Primary Security ID: Y52889105
Ticker: 1513
Primary ISIN: CNE100001QV5
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Livzon Pharmaceutical Group Inc.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF A SHARES
Mgmt
RESOLUTIONS IN RELATION TO THE
RENEWAL OF THE REPURCHASE OF PART OF
THE PUBLIC SHARES SCHEME
Mgmt
1.1 Approve the Purpose of the Share Repurchase Mgmt For For
1.2 Approve the Price Range of Shares to be
Repurchased
Mgmt For For
1.3 Approve the Type, Number and Percentage of
Shares to be Repurchased
Mgmt For For
1.4 Approve the Aggregate Amount of Funds
Used for the Repurchase and the Source of
Funds
Mgmt For For
1.5 Approve the Share Repurchase Period Mgmt For For
1.6 Approve the Validity Period of the Resolution
on the Share Repurchase
Mgmt For For
1.7 Approve Specific Authorization for the Board
of Directors to Handle Matters Relating to the
Share Repurchase
Mgmt For For
Nanjing King-friend Biochemical Pharmaceutical Co., Ltd.
Meeting Date: 05/25/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y619BD109
Ticker: 603707
Primary ISIN: CNE100002WP3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve Credit Line Application and
Guarantee
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Nanjing King-friend Biochemical Pharmaceutical Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
8 Approve Draft and Summary of Performance
Shares Incentive Plan
Mgmt For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.Remuneration: A vote against is applied as LGIM expects all incentive
plans to be capped either as a percentage of salary or a fixed number of shares.
9 Approve Methods to Assess the Performance
of Plan Participants
Mgmt For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.Remuneration: A vote against is applied as LGIM expects all incentive
plans to be capped either as a percentage of salary or a fixed number of shares.
10 Approve Authorization of Board to Handle All
Related Matters
Mgmt For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Remuneration: A vote against is applied as the award of incentive remuneration to
non-executive directors may impair their independence.Remuneration: A vote against is applied as LGIM expects all incentive
plans to be capped either as a percentage of salary or a fixed number of shares.
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
11.1 Elect TANG YONGQUN as Non-Independent
Director
Mgmt
Mgmt
For
Against
Blended Rationale: Joint Chair/CEO: A vote against is applied as LGIM expects the roles of Board Chair and CEO to be separate.
These two roles are substantially different and a division of responsibilities ensures there is a proper balance of authority and
responsibility on the board.Audit Committee: A vote against is applied as LGIM expects the Committee to be comprised of
independent directors.
11.2 Elect Xie Juhua as Non-Independent Director Mgmt For For
11.3 Elect Huang Xiwei as Non-Independent
Director
Mgmt For For
11.4 Elect Tian Suoqing as Non-Independent
Director
Mgmt For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
12.1 Elect Xie Shuzhi as Independent Director Mgmt For For
12.2 Elect Cui Guoqing as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
13.1 Elect Shi Ping as Supervisor Mgmt For For
13.2 Elect Ma Xiaoming as Supervisor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Via Varejo SA
Meeting Date: 05/25/2020 Country: Brazil
Meeting Type: Special
Primary Security ID: P9783A104
Ticker: VVAR3
Primary ISIN: BRVVARACNOR1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Amend Article 3 Re: Company Headquarters
Mgmt
For
For
2 Amend Article 5 to Reflect Changes in Capital Mgmt For For
3 Amend Article 16 Re: Decrease in Board Size Mgmt For For
4 Amend Article 20 Re: Board of Directors Mgmt For For
5 Consolidate Bylaws Mgmt For For
6 In the Event of a Second Call, the Voting
Instructions Contained in this Remote Voting
Card May Also be Considered for the Second
Call?
Mgmt None For
Yunda Holding Co., Ltd.
Meeting Date: 05/25/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y62996106
Ticker: 002120
Primary ISIN: CNE100000015
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Provision of Guarantee Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve Investment in Entrusted Asset
Management
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
8 Approve Use Funds for Cash Management Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Yunda Holding Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
9 Approve Overseas Issuance of Overseas
Bonds and External Guarantee
10 Approve Financial Assistance Provision
Mgmt
Mgmt
For
For
For
For
Air China Limited
Meeting Date: 05/26/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y002A6104
Ticker: 753
Primary ISIN: CNE1000001S0
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF H SHARES Mgmt
1 Approve 2019 Work Report of the Board of
Directors
2 Approve 2019 Work Report of the Supervisory
Committee
3 Elect Feng Gang as Director
Mgmt
Mgmt
Mgmt
For
For
For
For
For
For
4 Approve 2019 Audited Consolidated Financial
Statements
5 Approve 2019 Profit Distribution Proposal
Mgmt
Mgmt
For
For
For
For
6 Approve Deloitte Touche Tohmatsu as the
International Auditor and Deloitte Touche
Tohmatsu Certified Public Accountants LLP as
the Domestic Auditor and Internal Control
Auditor and Authorize Board to Fix Their
Remuneration
7 Approve Grant of General Mandate to the
Board to Issue Debt Financing Instruments
8 Elect Duan Hongyi as Director and Authorize
Board to Fix His Remuneration
Mgmt
Mgmt
SH
For
For
For
For
For
For
Air China Limited
Meeting Date: 05/26/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y002A6104
Ticker: 753
Primary ISIN: CNE1000001S0
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Air China Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Work Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Work Report of the Supervisory
Committee
Mgmt For For
3 Elect Feng Gang as Director Mgmt For For
4 Approve 2019 Audited Consolidated Financial
Statements
Mgmt For For
5 Approve 2019 Profit Distribution Proposal Mgmt For For
6 Approve Deloitte Touche Tohmatsu as the
International Auditor and Deloitte Touche
Tohmatsu Certified Public Accountants LLP as
the Domestic Auditor and Internal Control
Auditor and Authorize Board to Fix Their
Remuneration
Mgmt For For
7 Approve Grant of General Mandate to the
Board to Issue Debt Financing Instruments
Mgmt For For
8 Elect Duan Hongyi as Director and Authorize
Board to Fix His Remuneration
SH For For
China Telecom Corporation Limited
Meeting Date: 05/26/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1505D102
Ticker: 728
Primary ISIN: CNE1000002V2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Accept Financial Statements and Statutory
Reports
Mgmt
For
For
2 Approve 2019 Profit Distribution Plan and
Final Dividend Payment
Mgmt For For
3 Approve Deloitte Touche Tohmatsu and
Deloitte Touche Tohmatsu Certified Public
Accountants LLP as the International Auditor
and Domestic Auditor and Authorize Board to
Fix Their Remuneration
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Telecom Corporation Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
4.1 Elect Ke Ruiwen as Director Mgmt For Against
Blended Rationale: Joint Chair/CEO: A vote against is applied as LGIM expects the roles of Chair and CEO to be separate. These
two roles are substantially different and a division of responsibilities ensures there is a proper balance of authority and
responsibility on the board.
4.2 Elect Li Zhengmao as Director Mgmt For For
4.3 Elect Shao Guanglu as Director Mgmt For For
4.4 Elect Chen Zhongyue as Director Mgmt For For
4.5 Elect Liu Guiqing as Director Mgmt For For
4.6 Elect Zhu Min as Director Mgmt For For
4.7 Elect Wang Guoquan as Director Mgmt For For
4.8 Elect Chen Shengguang as Director Mgmt For Against
Blended Rationale: Independence: A vote against is applied as the board does not comprise at least 33% independent
directors.
4.9 Elect Tse Hau Yin, Aloysius as Director Mgmt For Against
Blended Rationale: Independence: A vote against is applied as the board does not comprise at least 33% independent
directors.
4.10 Elect Xu Erming as Director Mgmt For Against
Blended Rationale: Independence: A vote against is applied as the board does not comprise at least 33% independent
directors.
4.11 Elect Wang Hsuehming as Director Mgmt For For
4.12 Elect Yeung Chi Wai, Jason as Director Mgmt For For
5.1 Elect Sui Yixun as Supervisor Mgmt For For
5.2 Elect Xu Shiguang as Supervisor Mgmt For For
5.3 Elect You Minqiang as Supervisor Mgmt For For
6 Amend Articles of Association and Approve
Authorization of Directors to Complete
Registration or Filing of the Amendments to
the Articles of Association
Mgmt For For
7 Approve Issuance of Debentures, Authorize
Board to Issue Debentures and Determine
Specific Terms, Conditions and Other Matters
of the Debentures and Approve Centralized
Registration of Debentures
Mgmt For For
8 Approve Issuance of Company Bonds in the
People's Republic of China, Authorize Board
to Issue Company Bonds and Determine
Specific Terms, Conditions and Other Matters
of the Company Bonds in the People's
Republic of China
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Telecom Corporation Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
9 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Domestic Shares and H Shares and Approve
Amendments to Articles of Association to
Reflect Changes in the Registered Capital of
the Company
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The aggregate share
issuance limit is greater than 10 percent.- The company has not specified the discount limit.
Dong-E-E-Jiao Co., Ltd.
Meeting Date: 05/26/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7689C109
Ticker: 000423
Primary ISIN: CNE0000006Y9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve Performance Report of the
Independent Directors
Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Elect Gao Dengfeng as Non-Independent
Director
SH For For
Ganfeng Lithium Co., Ltd.
Meeting Date: 05/26/2020 Country: China
Meeting Type: Special
Primary Security ID: Y2690M105
Ticker: 1772
Primary ISIN: CNE1000031W9
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Ganfeng Lithium Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
EGM BALLOT FOR HOLDERS OF H SHARES Mgmt
1 Approve Proposed Change to the Validity
Period of the A Share Convertible Bonds
Issuance Plan
Mgmt
For
Against
Blended Rationale: Governance: A vote against is applied due to concerns regarding the proposed capital structure
2 Amend Articles of Association
Mgmt
For
For
Ganfeng Lithium Co., Ltd.
Meeting Date: 05/26/2020 Country: China
Meeting Type: Special
Primary Security ID: Y2690M105
Ticker: 1772
Primary ISIN: CNE1000031W9
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
EGM BALLOT FOR HOLDERS OF A SHARES Mgmt
1 Amend Articles of Association
Mgmt
For
For
2 Approve Proposed Change to the Validity
Period of the A Share Convertible Bonds
Issuance Plan
Mgmt
For
Against
Blended Rationale: A vote against is applied due to concerns regarding the proposed capital structure.
Ganfeng Lithium Co., Ltd.
Meeting Date: 05/26/2020 Country: China
Meeting Type: Special
Primary Security ID: Y2690M105
Ticker: 1772
Primary ISIN: CNE1000031W9
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF A SHARES Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Ganfeng Lithium Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve the Proposed Change to the Validity
Period of the A Share Convertible Bonds
Issuance Plan
Mgmt For Against
Blended Rationale: A vote against is applied due to concerns regarding the proposed capital structure.
Ganfeng Lithium Co., Ltd.
Meeting Date: 05/26/2020 Country: China
Meeting Type: Special
Primary Security ID: Y2690M105
Ticker: 1772
Primary ISIN: CNE1000031W9
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Approve the Proposed Change to the Validity
Period of the A Share Convertible Bonds
Issuance Plan
Mgmt
For
Against
Blended Rationale: Governance: A vote against is applied due to concerns regarding the proposed capital structure
2 Amend Articles of Association
Mgmt
For
For
Gemdale Corp.
Meeting Date: 05/26/2020 Country: China
Meeting Type: Special
Primary Security ID: Y2685G105
Ticker: 600383
Primary ISIN: CNE000001790
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
ELECT NON-INDEPENDENT DIRECTORS AND
INDEPENDENT DIRECTORS
Mgmt
1.1 Elect Ling Ke as Non-Independent Director Mgmt For For
1.2 Elect Huang Juncan as Non-Independent
Director
Mgmt For For
1.3 Elect Chen Aihong as Non-Independent
Director
Mgmt For For
1.4 Elect Chen Bi'an as Non-Independent Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Gemdale Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1.5
Elect Sun Juyi as Non-Independent Director
Mgmt
For
For
1.6 Elect Xu Jiajun as Non-Independent Director Mgmt For For
1.7 Elect Lin Shengde as Non-Independent
Director
Mgmt For For
1.8 Elect Luo Sheng as Non-Independent Director Mgmt For For
1.9 Elect Wei Chuanjun as Non-Independent
Director
Mgmt For For
1.10 Elect Chen Jin as Independent Director Mgmt For For
1.11 Elect Wang Tianguang as Independent
Director
Mgmt For For
1.12 Elect Hu Yebi as Independent Director Mgmt For For
1.13 Elect Gu Feng as Independent Director Mgmt For For
1.14 Elect Lv Zhiwei as Independent Director Mgmt For For
ELECT SUPERVISORS Mgmt
2.1 Elect Hu Xiangqun as Supervisor Mgmt For For
2.2 Elect Xu Qian as Supervisor Mgmt For For
2.3 Elect Xi You as Supervisor Mgmt For For
NARI Technology Co., Ltd.
Meeting Date: 05/26/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y6S99Q112
Ticker: 600406
Primary ISIN: CNE000001G38
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Financial Statements
Mgmt
For
For
2 Approve Profit Distribution Mgmt For For
3 Approve Report of the Independent Directors Mgmt For For
4 Approve Report of the Board of Directors Mgmt For For
5 Approve Report of the Board of Supervisors Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve Financial Budget Report Mgmt For For
8 Approve Entrusted Loan Application Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
NARI Technology Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
9 Approve Daily Related Party Transactions Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
10 Approve Entrusted Loans Application and
Related Party Transactions
Mgmt For For
11 Approve Appointment of Financial and
Internal Control Auditor
Mgmt For For
Shriram Transport Finance Company Limited
Meeting Date: 05/26/2020 Country: India
Meeting Type: Special
Primary Security ID: Y7758E119
Ticker: 511218
Primary ISIN: INE721A01013
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
Postal Ballot Mgmt
1 Approve Issuance of Redeemable
Non-Convertible Debentures, Subordinated
Debentures, Bonds or Any Other Debt
Securities on Private Placement Basis
Mgmt
For
For
Sibanye Stillwater Ltd.
Meeting Date: 05/26/2020 Country: South Africa
Meeting Type: Annual
Primary Security ID: S7627K103
Ticker: SSW
Primary ISIN: ZAE000259701
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
Ordinary Resolutions
Mgmt
1 Reappoint Ernst & Young Inc as Auditors of
the Company with Lance Tomlinson as the
Designated Individual Partner
Mgmt For For
2 Elect Elaine Dorward-King as Director Mgmt For For
3 Elect Vincent Maphai as Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Sibanye Stillwater Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
4
Re-elect Timothy Cumming as Director
Mgmt
For
For
5 Re-elect Charl Keyter as Director Mgmt For For
6 Re-elect Keith Rayner as Chair of the Audit
Committee
Mgmt For For
7 Re-elect Timothy Cumming as Member of the
Audit Committee
Mgmt For For
8 Re-elect Savannah Danson as Member of the
Audit Committee
Mgmt For For
9 Re-elect Rick Menell as Member of the Audit
Committee
Mgmt For For
10 Re-elect Nkosemntu Nika as Member of the
Audit Committee
Mgmt For For
11 Re-elect Susan van der Merwe as Member of
the Audit Committee
Mgmt For For
12 Place Authorised but Unissued Shares under
Control of Directors
Mgmt For For
13 Authorise Board to Issue Shares for Cash Mgmt For For
14 Approve Remuneration Policy Mgmt For Against
Blended Rationale: Remuneration: A vote against is applied as LGIM expects all incentive plans to be capped either as a
percentage of salary or a fixed number of shares.Remuneration: Performance conditions: A vote against is applied as the level
of disclosures in respect of performance conditions does not allow shareholders to make a fully informed assessment of
remuneration.
15 Approve Remuneration Implementation
Report
Mgmt For For
Special Resolutions Mgmt
1 Approve Remuneration of Non-Executive
Directors
Mgmt For For
2 Approve that Lead Independent Director
Recompense for Period Since Appointment
Mgmt For For
3 Approve Financial Assistance in Terms of
Sections 44 and 45 of the Companies Act
Mgmt For For
4 Authorise Repurchase of Issued Share Capital Mgmt For For
Tianqi Lithium Industries, Inc.
Meeting Date: 05/26/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y79327105
Ticker: 002466
Primary ISIN: CNE100000T32
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tianqi Lithium Industries, Inc.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For Against
Blended Rationale: Accounts: A vote against is applied as the auditors have expressed concerns regarding the company's
accounts.
4 Approve Financial Statements Mgmt For Against
Blended Rationale: Accounts: A vote against is applied as the auditors have expressed concerns regarding the company's
accounts.
5 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
6 Approve Report on the Deposit and Usage of
Raised Funds
Mgmt For For
7 Approve Amendments to Articles of
Association
Mgmt For For
8 Approve Provision for Asset Impairment Mgmt For For
Unigroup Guoxin Microelectronics Co., Ltd.
Meeting Date: 05/26/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8488J105
Ticker: 002049
Primary ISIN: CNE000001M14
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Financial Statements
Mgmt
For
For
2 Approve Profit Distribution Mgmt For For
3 Approve Report of the Board of Directors Mgmt For For
4 Approve Report of the Board of Supervisors Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Daily Related-Party Transactions Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
7.1 Elect Diao Shijing as Non-Independent
Director
SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Unigroup Guoxin Microelectronics Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
7.2
Elect Ma Daojie as Non-Independent Director
SH
For
For
7.3 Elect Wu Shengwu as Non-Independent
Director
SH For For
7.4 Elect Zhou Yang as Non-Independent Director SH For For
ELECT INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
8.1 Elect Wang Liyan as Independent Director Mgmt For For
8.2 Elect Huang Wenyu as Independent Director Mgmt For For
8.3 Elect Cui Ruotong as Independent Director Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
9.1 Elect Wang Zhihua as Supervisor Mgmt For For
9.2 Elect Zheng Bo as Supervisor Mgmt For For
10 Approve to Adjust the Allowance of
Independent Directors and Supervisors
Mgmt For For
AVIC Shenyang Aircraft Co. Ltd.
Meeting Date: 05/27/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7683G106
Ticker: 600760
Primary ISIN: CNE000000MH6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Report of the Independent Directors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Financial Budget Report Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
6 Approve Daily Related Party Transactions
Mgmt
For
Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
7 Approve Provision of Entrusted Loan and
Related Party Transactions
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
AVIC Shenyang Aircraft Co. Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8 Approve Comprehensive Credit Line
Application
9 Approve Appointment of Auditor
Mgmt
Mgmt
For
For
For
For
10 Approve Profit Distribution
Mgmt
For
For
11 Approve Annual Report and Summary
Mgmt
For
For
Bumrungrad Hospital Public Co., Ltd.
Meeting Date: 05/27/2020 Country: Thailand
Meeting Type: Annual
Primary Security ID: Y1002E223
Ticker: BH
Primary ISIN: TH0168A10Z01
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Minutes of Previous Meeting Mgmt For For
2 Acknowledge Operating Results Mgmt
3 Approve Financial Statements
Mgmt
For
For
4 Acknowledge Interim Dividend Payment Mgmt
5.1 Elect Sophavadee Uttamobol as Director
Mgmt
For
Against
Blended Rationale: Independence: A vote against is applied as the board is not sufficiently independent which is a critical
element for a board to protect shareholders' interests.
5.2 Elect Chong Toh as Director Mgmt For Against
Blended Rationale: Independence: A vote against is applied as the board is not sufficiently independent which is a critical
element for a board to protect shareholders' interests.
5.3 Elect Bernard Charnwut Chan as Director Mgmt For Against
Blended Rationale: Independence: A vote against is applied as the board is not sufficiently independent which is a critical
element for a board to protect shareholders' interests.Board mandates: A vote against is applied as LGIM expects a
CEO/CFO/FD or a non-executive director not to hold too many external roles to ensure they can undertake their duties
effectively.
6 Elect Anon Vangvasu as Director Mgmt For Against
Blended Rationale: Independence: A vote against is applied as the board is not sufficiently independent which is a critical
element for a board to protect shareholders' interests.
7 Approve Remuneration of Directors and
Sub-Committees
Mgmt For For
8 Approve EY Office Limited as Auditors and
Authorize Board to Fix Their Remuneration
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Bumrungrad Hospital Public Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
9
Amend Company's Objectives and Amend
Memorandum of Association
Mgmt
For
For
10 Amend Clause 4 of the Memorandum of
Association
Mgmt For For
11 Amend Articles of Association Mgmt For For
12 Other Business Mgmt For Against
Blended Rationale: Governance Concerns: A vote AGAINST this resolution is warranted given the lack of information.
China Life Insurance Co. Ltd. (Taiwan)
Meeting Date: 05/27/2020 Country: Taiwan
Meeting Type: Annual
Primary Security ID: Y1478C107
Ticker: 2823
Primary ISIN: TW0002823002
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Business Operations Report and
Financial Statements
Mgmt
For
For
2 Approve Profit Distribution Mgmt For For
3 Approve the Issuance of New Shares by
Capitalization of Profit
Mgmt For For
4 Amend Rules and Procedures Regarding
Shareholder's General Meeting
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS AND
INDEPENDENT DIRECTORS VIA CUMULATIVE
VOTING
Mgmt
5.1 Elect Yu Ling Kuo, Representative of China
Development Financial Holding Corporation,
with Shareholder No. 461419, as
Non-Independent Director
Mgmt For For
5.2 Elect Hui Chi Shih, Representative of China
Development Financial Holding Corporation,
with Shareholder No. 461419, as
Non-Independent Director
Mgmt For For
5.3 Elect Shan Jung Yu, Representative of China
Development Financial Holding Corporation,
with Shareholder No. 461419, as
Non-Independent Director
Mgmt For For
5.4 Elect Stephanie Hwang, Representative of Tai
Li Investment Co Ltd, with Shareholder No.
213450, as Non-Independent Director
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Life Insurance Co. Ltd. (Taiwan)
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
5.5
Elect Tony T.M. Hsu, Representative of Tai Li
Investment Co Ltd, with Shareholder No.
213450, as Non-Independent Director
Mgmt
For
For
5.6 Elect Johnson F.H.Huang, with ID No.
A121695XXX, as Independent Director
Mgmt For For
5.7 Elect Cheng Hsien Tsai, with ID No.
D120899XXX, as Independent Director
Mgmt For For
5.8 Elect Da Bai Shen, with ID No. A122103XXX,
as Independent Director
Mgmt For For
5.9 Elect Ming Rong Lai, with ID No.
A121224XXX, as Independent Director
Mgmt For For
6 Approve Release of Restrictions on
Competitive Activities of Newly Appointed
Directors and Representatives
Mgmt For For
China National Nuclear Power Co., Ltd.
Meeting Date: 05/27/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1507R109
Ticker: 601985
Primary ISIN: CNE1000022N7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Report of the Independent Directors Mgmt For For
4 Approve Allowance of Independent Directors Mgmt For For
5 Approve Financial Statements Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve Province of Guarantee Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to its subsidiary is
disproportionate to the level of ownership in the said subsidiary. The company has failed to provide any justifications in the
meeting circular.
8 Approve Annual Report and Summary Mgmt For For
9 Amend Articles of Association Mgmt For For
10 Approve Appointment of Auditor Mgmt For For
ELECT NON-INDEPENDENT DIRECTOR VIA
CUMULATIVE VOTING
Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China National Nuclear Power Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
11.1 Elect Liu Jing as Non-Independent Director SH For For
11.2 Elect Ma Mingze as Non-Independent Director SH
For
For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
12.1 Elect Guo Yunfeng as Supervisor
Mgmt
SH
For
For
EVA Airways Corp.
Meeting Date: 05/27/2020 Country: Taiwan
Meeting Type: Annual
Primary Security ID: Y2361Y107
Ticker: 2618
Primary ISIN: TW0002618006
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Business Report and Financial
Statements
Mgmt
For
For
2 Approve Profit Distribution Mgmt For For
3 Amend Articles of Association Mgmt For For
4 Amend Rules and Procedures for Election of
Directors
Mgmt For For
ELECT NON-INDEPENDENT AND
INDEPENDENT DIRECTORS VIA CUMULATIVE
VOTING
Mgmt
5.1 Elect LIN, BOU-SHIU, a Representative of
EVERGREEN MARINE CORP. with
SHAREHOLDER NO.19 as Non-Independent
Director
Mgmt For For
5.2 Elect CHANG, KUO-HUA, a Representative of
EVERGREEN MARINE CORP. with
SHAREHOLDER NO.19 as Non-Independent
Director
Mgmt For For
5.3 Elect KO, LEE-CHING, a Representative of
EVERGREEN INTERNATIONAL CORP. with
SHAREHOLDER NO.5414 as Non-Independent
Director
Mgmt For For
5.4 Elect TAI, JIIN-CHYUAN, a Representative of
EVERGREEN INTERNATIONAL CORP. with
SHAREHOLDER NO.5414 as Non-Independent
Director
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
EVA Airways Corp.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
5.5
Elect SUN, CHIA-MING, a Representative of
EVERGREEN LOGISTICS CORPORATION with
SHAREHOLDER NO.603020 as
Non-Independent Director
Mgmt
For
For
5.6 Elect LIAO, CHI-WEI, a Representative of
EVERGREEN LOGISTICS CORPORATION with
SHAREHOLDER NO.603020 as
Non-Independent Director
Mgmt For For
5.7 Elect CHIEN, YOU-HSIN with SHAREHOLDER
NO.R100061XXX as Independent Director
Mgmt For For
5.8 Elect HSU, SHUN-HSIUNG with
SHAREHOLDER NO.P121371XXX as
Independent Director
Mgmt For For
5.9 Elect WU, CHUNG-PAO with SHAREHOLDER
NO.G120909XXX as Independent Director
Mgmt For For
6 Approve Release of Restrictions of
Competitive Activities of Newly Appointed
Directors
Mgmt For For
Shanghai Mechanical & Electrical Industry Co., Ltd.
Meeting Date: 05/27/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7691T108
Ticker: 900925
Primary ISIN: CNE000000G39
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF B SHARES
Mgmt
1 Approve Annual Report and Summary Mgmt For For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Appointment of Auditor Mgmt For For
7 Approve Resignation of Director Yuan
Jianping
Mgmt For For
8 Approve Annual Procurement Related Party
Transactions
Mgmt For For
9 Approve Annual Sales Related Party
Transactions
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai Mechanical & Electrical Industry Co., Ltd.
Proposal
Number Proposal Text
Vote
Instruction Proponent Mgmt Rec
ELECT NON-INDEPENDENT DIRECTOR VIA
CUMULATIVE VOTING
10.1 Elect Zhang Hongbin as Non-Independent
Director
Mgmt
Mgmt
For
Against
Blended Rationale: A vote AGAINST the nominee is warranted due to non-disclosure.
Shenzhen Energy Group Co., Ltd.
Meeting Date: 05/27/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7740R103
Ticker: 000027
Primary ISIN: CNE000000933
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Provision for Asset Impairment Mgmt For For
4 Approve Financial Report and Profit
Distribution
Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Annual Budget Plan Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Capital Injection in Newton Industrial
Limited
Mgmt For For
Yantai ChangYu Pioneer Wine Co., Ltd.
Meeting Date: 05/27/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9739T108
Ticker: 200869
Primary ISIN: CNE000000T59
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF B SHARES Mgmt
1 Approve Report of the Board of Directors
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Yantai ChangYu Pioneer Wine Co., Ltd.
Proposal
Number Proposal Text
Vote
Instruction Proponent Mgmt Rec
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report Mgmt For
For
4 Approve Profit Distribution Mgmt For
For
5 Elect Stefano Battioni as Non-Independent Mgmt
Director
For
For
6 Elect Yu Renzhu as Independent Director Mgmt For
For
7 Approve Acquisition of Tourism Business Mgmt For
For
8 Approve Transfer of Trademark Mgmt For
For
9 Approve Appointment of Auditor Mgmt For
For
Advantech Co., Ltd.
Meeting Date: 05/28/2020 Country: Taiwan
Primary Security ID: Y0017P108
Meeting Type: Annual Ticker: 2395
Primary ISIN: TW0002395001
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Business Report and Financial
Statements
Mgmt
For
For
2 Approve Plan on Profit Distribution Mgmt For For
3 Approve Amendments to Articles of
Association
Mgmt For For
4 Approve Issuance of New Shares by
Capitalization of Profit
Mgmt For For
5 Approve Company Plans to Issue Employee
Stock Warrants with Price Lower than Fair
Market Value
Mgmt For Against
Blended Rationale: Remuneration: Performance period. A vote against is applied as LGIM expects remuneration to be measured
over at least a 3 year performance period. We encourage a period longer than 3 years to be set, excluding any holding period
to align with long-term value creation.Additionally, a vote AGAINST is warranted due to limited disclosure of the performance
hurdles to be applied.
6 Amend Procedures for Lending Funds to Mgmt For For Other Parties
7 Amend Procedures for Endorsement and
Guarantees
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS AND
INDEPENDENT DIRECTORS VIA CUMULATIVE
VOTING
Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Advantech Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8.1
Elect K.C. Liu, with Shareholder No. 1, as
Non-Independent Director
Mgmt
For
For
8.2 Elect Wesley Liu, a Representative of K and M
Investment Co., Ltd. with Shareholder No. 39,
as Non-Independent Director
Mgmt For For
8.3 Elect Chaney Ho, a Representative of
Advantech Foundation with Shareholder No.
163, as Non-Independent Director
Mgmt For For
8.4 Elect Donald Chang, a Representative of
AIDC Investment Corp. with Shareholder No.
40, as Non-Independent Director
Mgmt For For
8.5 Elect Jeff Chen with ID No. B100630XXX, as
Independent Director
Mgmt For For
8.6 Elect Benson Liu with ID No. P100215XXX, as
Independent Director
Mgmt For For
8.7 Elect Chan Jane Lin with ID No. R203128XXX,
as Independent Director
Mgmt For For
9 Approve Release of Restrictions of
Competitive Activities of Newly Appointed
Directors and Representatives
Mgmt For For
Angang Steel Company Limited
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0132D105
Ticker: 347
Primary ISIN: CNE1000001V4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Annual Report and Its Extracts Mgmt For For
4 Approve 2019 Auditors' Report Mgmt For For
5 Approve 2019 Profit Distribution Plan Mgmt For For
6 Approve 2019 Remuneration of Directors and
Supervisors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Angang Steel Company Limited Proposal
Number Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
7 Approve ShineWing Certified Public
Accountants LLP as Auditor and Authorize
Board to Fix Their Remuneration
Mgmt
For
For
8 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
9 Approve Issuance of Ultra-Short-Term
Financing Bills of the Company in the
Inter-bank Bond Market
Mgmt For For
10 Approve Issuance of Short-Term Financing
Bills of the Company in the Inter-bank Bond
Market
Mgmt For For
11 Approve Issuance of Medium-term Notes of
the Company in the Inter-bank Bond Market
Mgmt For For
Asymchem Laboratories (Tianjin) Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Special
Primary Security ID: Y0370S103
Ticker: 002821
Primary ISIN: CNE100002BZ6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Introduction of Strategic Investors
Mgmt
For
For
2 Approve Signing of Conditional Strategic
Cooperation Agreement
Mgmt For For
3 Approve Signing of Supplemental Agreement
to the Conditional Share Subscription
Agreement
Mgmt For For
4 Approve Authorization of the Board to Handle
All Related Matters
Mgmt For For
Beijing Jingneng Clean Energy Co., Limited
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0R7A0107
Ticker: 579
Primary ISIN: CNE100001336
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing Jingneng Clean Energy Co., Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
ORDINARY RESOLUTIONS
Mgmt
1 Approve 2019 Work Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Work Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Auditors' Report and Audited
Financial Statements
Mgmt For For
4 Approve 2019 Profit Distribution Proposal and
Distribution of Final Dividends
Mgmt For For
5 Approve 2019 Annual Report Mgmt For For
6 Approve 2020 Budget Report Mgmt For Against
Blended Rationale: A vote AGAINST this proposal is warranted due to lack of disclosure regarding the allocation of funds.
7 Approve 2020 Investment Business Plan
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted because of lack of disclosure on pertinent details of investment plan.
8 Elect Liu Haixia as Director Mgmt For For
9 Elect Zhang Fengyang as Director Mgmt For For
10 Elect Cao Mansheng as Director Mgmt For For
11 Elect Ren Qigui as Director Mgmt For For
12 Elect Wang Bangyi as Director Mgmt For For
13 Elect Li Juan as Director Mgmt For For
14 Elect Huang Xiang as Director Mgmt For For
15 Elect Zhang Fusheng as Director Mgmt For For
16 Elect Chan Yin Tsung as Director Mgmt For For
17 Elect Han Xiaoping as Director Mgmt For For
18 Approve to Appoint Deloitte Touche
Tohmatsu as International Auditors and
Authorize Board to Fix Their Remuneration
Mgmt For For
19 Approve to Appoint Grant Thornton (Special
General Partnership) as Domestic Auditors
and Authorize Board to Fix Their
Remuneration
Mgmt For For
20 Elect Wang Xiangneng as Supervisor Mgmt For For
21 Elect Huang Hui as Supervisor Mgmt For For
SPECIAL RESOLUTIONS Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing Jingneng Clean Energy Co., Limited
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Grant of General Mandate to the
Board to Issue Debt Financing Instruments
2 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Domestic Shares and/or H Shares and Related
Matters
Mgmt
Mgmt
For
For
For
Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
3 Approve Adoption of H Share Appreciation
Rights Scheme and the Grant Under Such
Scheme
Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted given the directors eligible to receive SARs under the scheme
are involved in its administration.
China BlueChemical Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y14251105
Ticker: 3983
Primary ISIN: CNE1000002D0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve 2019 Report of the Board of
Directors
Mgmt
For
For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Audited Financial Statements
and Auditors' Report
Mgmt For For
4 Approve 2019 Profit Distribution and
Declaration of Final Dividends
Mgmt For For
5 Approve 2020 Budget Proposals Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted due to the lack of information to make an informed voting
decision.
6 Approve BDO China Shu Lun Pan CPAs and
BDO Limited as Domestic and Overseas
Auditors and Authorize Audit Committee of
the Board to Fix Their Remuneration
Mgmt For For
7 Elect Liu Jianyao as Supervisor, Authorize
Executive Director to Sign Relevant Service
Contract with Him and Authorize Board to Fix
His Remuneration
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China BlueChemical Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
8 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for
Domestic Shares and H Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolutions is warranted for the following:- The share issuance
limit is greater than 10 percent.- The company has not specified the discount limit.
9 Authorize Repurchase of Issued H Share
Capital
10 Amend Articles of Association
Mgmt
Mgmt
For
For
For
For
China BlueChemical Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Special
Primary Security ID: Y14251105
Ticker: 3983
Primary ISIN: CNE1000002D0
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Authorize Repurchase of Issued H Share
Capital
2 Amend Articles of Association
Mgmt
Mgmt
For
For
For
For
China Oilfield Services Limited
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y15002101
Ticker: 2883
Primary ISIN: CNE1000002P4
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Financial Statements and
Statutory Reports
Mgmt For For
2 Approve 2019 Profit Distribution Plan and
Annual Dividend Plan
Mgmt For For
3 Approve 2019 Report of the Directors Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Oilfield Services Limited Proposal
Number Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
4
Approve 2019 Report of the Supervisory
Committee
Mgmt
For
For
5 Approve Deloitte Touche Tohmatsu Certified
Public Accountants LLP as Domestic Auditors
and Deloitte Touche Tohmatsu as
International Auditors and Authorize Board to
Fix Their Remuneration
Mgmt For For
6 Approve Provision of Guarantees for Other
Parties
Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted since the company will be taking in a disproportionate amount
of risk relative to its ownership stake without compelling justification.
ELECT DIRECTOR VIA CUMULATIVE VOTING Mgmt
7 Elect Lin Boqiang as Director Mgmt For For
8 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for H
Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
9 Authorize Repurchase of Issued A and H
Share Capital
Mgmt For For
China Oilfield Services Limited
Meeting Date: 05/28/2020 Country: China
Meeting Type: Special
Primary Security ID: Y15002101
Ticker: 2883
Primary ISIN: CNE1000002P4
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Authorize Repurchase of Issued A and H
Share Capital
Mgmt
For
For
China Oilfield Services Limited
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y15002101
Ticker: 2883
Primary ISIN: CNE1000002P4
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Oilfield Services Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Financial Statements and
Statutory Reports
Mgmt For For
2 Approve 2019 Profit Distribution Plan and
Annual Dividend Plan
Mgmt For For
3 Approve 2019 Report of the Directors Mgmt For For
4 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
5 Approve Deloitte Touche Tohmatsu Certified
Public Accountants LLP as Domestic Auditors
and Deloitte Touche Tohmatsu as
International Auditors and Authorize Board to
Fix Their Remuneration
Mgmt For For
6 Approve Provision of Guarantees for Other
Parties
Mgmt For Against
Blended Rationale: A vote AGAINST this resolution is warranted since the company will be taking in a disproportionate amount
of risk relative to its ownership stake without compelling justification.
7 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights for H
Shares
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
8 Authorize Repurchase of Issued A and H
Share Capital
Mgmt For For
ELECT DIRECTOR VIA CUMULATIVE VOTING Mgmt
9.1 Elect Lin Boqiang as Director Mgmt For For
China Oilfield Services Limited
Meeting Date: 05/28/2020 Country: China
Meeting Type: Special
Primary Security ID: Y15002101
Ticker: 2883
Primary ISIN: CNE1000002P4
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF A SHARES Mgmt
1 Authorize Repurchase of Issued A and H
Share Capital
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
EPISTAR Corp.
Meeting Date: 05/28/2020 Country: Taiwan
Meeting Type: Annual
Primary Security ID: Y2298F106
Ticker: 2448
Primary ISIN: TW0002448008
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Business Report and Financial
Statements
Mgmt For For
2 Approve Statement of Profit and Loss
Appropriation
3 Approve Issuance of Ordinary Shares to
Participate in the Issuance of Global
Depository Receipt and/or Private Placement
of Ordinary Shares
4 Approve Release of Restrictions of
Competitive Activities of Directors
Mgmt
Mgmt
Mgmt
For
For
For
For
For
For
Exxaro Resources Ltd.
Meeting Date: 05/28/2020 Country: South Africa
Meeting Type: Annual
Primary Security ID: S26949107
Ticker: EXX
Primary ISIN: ZAE000084992
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
Ordinary Resolutions Mgmt
1.1 Re-elect Jeff van Rooyen as Director
Mgmt
For
Against
Blended Rationale: Future World Protection List: A vote against is applied as the company meets the criteria for inclusion in
LGIM’s Future World Protection List. Companies are incorporated into the List if they fail to meet minimum standards of
globally accepted business practices. This includes: companies involved in the manufacture and production of controversial
weapons; perennial violators of the United Nations Global Compact (UNGC); and pure coal miners.
1.2 Re-elect Zwelibanzi Mntambo as Director Mgmt For Against
Blended Rationale: Committee independence: A vote against is applied as LGIM expects the Committee to be comprised of
independent directors.
1.3 Re-elect Vuyisa Nkonyeni as Director Mgmt For For
2.1 Re-elect Mark Moffett as Member of the Audit
Committee
Mgmt For For
2.2 Re-elect Isaac Mophatlane as Member of the
Audit Committee
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Exxaro Resources Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
2.3 Re-elect Ras Myburgh as Member of the Audit
Committee
Mgmt For Against
Blended Rationale: Remuneration: A vote against is applied because LGIM has had concerns with the remuneration for more
than a year.
2.4 Re-elect Vuyisa Nkonyeni as Member of the
Audit Committee
Mgmt For For
3.1 Re-elect Geraldine Fraser-Moleketi as Member
of the Social and Ethics Committee
Mgmt For For
3.2 Re-elect Likhapha Mbatha as Member of the
Social and Ethics Committee
Mgmt For For
3.3 Re-elect Isaac Mophatlane as Member of the
Social and Ethics Committee
Mgmt For For
3.4 Re-elect Peet Snyders as Member of the
Social and Ethics Committee
Mgmt For For
4 Reappoint PricewaterhouseCoopers
Incorporated as Auditors of the Company
with TD Shango as the Designated Audit
Partner
Mgmt For For
5 Authorise Ratification of Approved
Resolutions
Mgmt For For
Special Resolutions Mgmt
1 Approve Non-executive Directors' Fees Mgmt For For
2 Approve Financial Assistance to Related or
Inter-related Company
Mgmt For For
3 Authorise Repurchase of Issued Share Capital Mgmt For For
Non-binding Advisory Votes Mgmt
1 Approve Remuneration Policy Mgmt For Against
Blended Rationale: Remuneration: Performance conditions: A vote against is applied as the level of disclosures in respect of
performance conditions does not allow shareholders to make a fully informed assessment of remuneration.Remuneration: A
vote against is applied as LGIM expects all incentive plans to be capped either as a percentage of salary or a fixed number of
shares.
2 Approve Implementation Report of the
Remuneration Policy
Mgmt For Against
Blended Rationale: Remuneration: Performance conditions. A vote against is applied as LGIM expects the long-term incentive
plan to be assessed against performance conditions that are aligned with company performance.
Foxconn Industrial Internet Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2620V100
Ticker: 601138
Primary ISIN: CNE1000031P3
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Foxconn Industrial Internet Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and Dividends Mgmt For For
6 Approve to Appoint Auditor Mgmt For For
7 Approve Related Party Transaction Mgmt For For
8 Approve Repurchase and Cancellation of
Performance Shares and Stock Options
Mgmt For For
9 Approve Cancellation of Stock Option and
Performance Shares as well as Repurchase
and Cancellation of Performance Shares
SH For For
10 Approve Authorization of Board to Handle All
Related Matters
SH For For
Hengtong Optic-Electric Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3174C100
Ticker: 600487
Primary ISIN: CNE000001FQ9
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Report of the Independent Directors Mgmt For For
7 Approve Remuneration of Directors and
Supervisors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hengtong Optic-Electric Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
8 Approve Financial Service Agreement Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
9 Approve to Appoint Auditor Mgmt For For
10 Approve Increase in Registered Capital and
Amend Articles of Association
Mgmt For For
ELECT NON-INDEPENDENT DIRECTOR VIA
CUMULATIVE VOTING
Mgmt
11.1 Elect Tan Huiliang as Non-independent
Director
Mgmt For For
Hongfa Technology Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9716T105
Ticker: 600885
Primary ISIN: CNE000000JK6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements and Financial
Budget
Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Report of the Board of Independent
Directors
Mgmt For For
6 Approve Profit Distribution Mgmt For For
7 Approve to Appoint Financial and Internal
Control Auditors and to Fix Their
Remuneration
Mgmt For For
8 Approve Related Party Transaction Mgmt For For
9 Approve Application of Comprehensive Credit
Lines by Controlled Subsidiary
Mgmt For For
10 Approve Provision of Guarantee by Controlled
Subsidiary to its Controlled Subsidiary
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the level of guarantee to be provided to some of its subsidiaries is
disproportionate to the level of ownership in the said subsidiaries. The company has failed to provide any justifications in the
meeting circular.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hongfa Technology Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
11 Approve Provision of Loan by Controlled
Subsidiary to Wholly-owned Subsidiary and
Controlled Subsidiary
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because there is lack of disclosure on the pertinent details of this loan
guarantee request.
12 Approve Amendments to Articles of
Association
Mgmt For For
13 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
14 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
Hubei Energy Group Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3747A102
Ticker: 000883
Primary ISIN: CNE000000750
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve to Appoint Internal Control Auditor
Mgmt
For
For
2 Approve Financial Statements Mgmt For For
3 Approve Allocation of Income and Dividends Mgmt For For
4 Approve Report of the Board of Directors Mgmt For For
5 Approve Report of the Board of Supervisors Mgmt For For
6 Approve Annual Report and Summary Mgmt For For
7 Approve to Appoint Auditor Mgmt For For
8 Approve Deposit and Loan Related
Transaction
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
9 Approve Issuance of Super Short-term
Commercial Papers
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Hytera Communications Corp. Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3815M103
Ticker: 002583
Primary ISIN: CNE1000013B1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report and Summary
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Remuneration of Directors,
Supervisors and Senior Management Members
Mgmt For Against
Blended Rationale: A vote AGAINST is warrant due to lack of disclosure of pertinent details
7 Approve Application of Bank Credit Lines Mgmt For For
8 Approve Provision of Guarantees to
Subsidiaries
Mgmt For For
9 Amend Articles of Association Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
10.1 Elect Wei Dong as Non-independent Director SH For For
10.2 Elect Sun Pengfei as Non-independent
Director
SH For For
Jafron Biomedical Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Special
Primary Security ID: Y417B8109
Ticker: 300529
Primary ISIN: CNE100002995
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
APPROVE ISSUANCE OF CONVERTIBLE
BONDS
1.1 Approve Issue Type
Mgmt
Mgmt
For
For
1.2 Approve Issue Scale
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Jafron Biomedical Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1.3
Approve Existence Period
Mgmt
For
For
1.4 Approve Par Value and Issue Price Mgmt For For
1.5 Approve Coupon Rate Mgmt For For
1.6 Approve Method and Term for the Repayment
of Principal and Interest
Mgmt For For
1.7 Approve Conversion Period Mgmt For For
1.8 Approve Determination of Initial Conversion
Price
Mgmt For For
1.9 Approve Conversion Price Adjustment and
Calculation Method
Mgmt For For
1.10 Approve Terms for Downward Adjustment of
Conversion Price
Mgmt For For
1.11 Approve Method for Determining the Number
of Shares for Conversion
Mgmt For For
1.12 Approve Terms of Redemption Mgmt For For
1.13 Approve Terms of Sell-Back Mgmt For For
1.14 Approve Dividend Distribution Post
Conversion
Mgmt For For
1.15 Approve Issue Manner and Target Subscribers Mgmt For For
1.16 Approve Placing Arrangement for
Shareholders
Mgmt For For
1.17 Approve Matters Related to Bondholders
Meeting
Mgmt For For
1.18 Approve Use of Proceeds Mgmt For For
1.19 Approve Guarantee Matters Mgmt For For
1.20 Approve Safekeeping of Raised Funds Mgmt For For
1.21 Approve Resolution Validity Period Mgmt For For
2 Approve Company's Eligibility for Issuance of
Convertible Bonds
Mgmt For For
3 Approve Plan for Issuance of Convertible
Bonds
Mgmt For For
4 Approve Demonstration Analysis Report in
Connection to Convertible Bonds Issuance
Mgmt For For
5 Approve Feasibility Analysis Report on the
Intended Usage of Raised Funds
Mgmt For For
6 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For For
7 Approve Rules and Procedures Regarding
Convertible Corporate Bondholders Meeting
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Jafron Biomedical Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8
Approve Report on the Usage of Previously
Raised Funds
Mgmt
For
For
9 Approve Shareholder Dividend Return Plan Mgmt For For
10 Approve Authorization of Board to Handle All
Related Matters
Mgmt For For
11 Approve Appointment of Relevant
Intermediary for this Transaction
Mgmt For For
12 Approve Internal Control Self-Evaluation
Report
Mgmt For For
13 Approve Verification Report on Convertible
Bonds Issuance
Mgmt For For
Lomon Billions Group Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Special
Primary Security ID: Y3122W109
Ticker: 002601
Primary ISIN: CNE1000015M3
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Company's Eligibility for Private
Placement of Shares
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
APPROVE PLAN FOR PRIVATE PLACEMENT
OF NEW SHARES
2.1 Approve Share Type and Par Value
Mgmt
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
2.2 Approve Issue Manner and Time Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
2.3 Approve Issue Size and Subscription Amount Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Lomon Billions Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2.4 Approve Issue Price and Pricing Basis Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
2.5 Approve Lock-up Period Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
2.6 Approve Amount and Use of Proceeds Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
2.7 Approve Distribution Arrangement of
Cumulative Earnings
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
2.8 Approve Listing Exchange Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
2.9 Approve Resolution Validity Period Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
3 Approve Private Placement of Shares Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
4 Approve Feasibility Analysis Report on the
Use of Proceeds
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
5 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
6 Approve Authorization of Board to Handle All
Related Matters
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Lomon Billions Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7 Approve Report on the Usage of Previously
Raised Funds
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
8 Approve Verification Report on the Usage of
Previously Raised Funds
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
9 Approve Signing of Share Subscription
Agreement
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
APPROVE SIGNING OF STRATEGIC
COOPERATION AGREEMENT
Mgmt
10.1 Approve Signing of Strategic Cooperation
Agreement with Jinlian (Tianjin) Asset
Management Co., Ltd.
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
10.2 Approve Signing of Strategic Cooperation
Agreement with Henan Asset Management
Co., Ltd.
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
10.3 Approve Signing of Strategic Cooperation
Agreement with Guangzhou Xuanyuan
Investment Management Co., Ltd.
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed private placement, once approved, will allow the
company to issue new shares to the controlling shareholder and company insiders at a significant discount to the market price,
which is seen not in the best interests of shareholders.
11 Approve Related Party Transactions in
Connection to Private Placement
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted because the proposed private placement, once
approved, will allow the company to issue new shares to the controlling shareholder and company insiders at a significant
discount to the market price, which is seen not in the best interests of shareholders.
12 Approve Shareholder Return Plan Mgmt For For
13 Amend Management System of the Usage of
Raised Funds
Mgmt For For
14 Approve Profit Distribution for the 1st Quarter Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Nanya Technology Corp.
Meeting Date: 05/28/2020 Country: Taiwan
Meeting Type: Annual
Primary Security ID: Y62066108
Ticker: 2408
Primary ISIN: TW0002408002
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Business Operations Report and
Financial Statements
Mgmt
For
For
2 Approve Profit Distribution Mgmt For For
3 Amend Rules and Procedures Regarding
Shareholder's General Meeting
Mgmt For For
4 Approve Release of Restrictions of
Competitive Activities of Directors
Mgmt For For
Postal Savings Bank of China Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y6987V108
Ticker: 1658
Primary ISIN: CNE1000029W3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Work Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Work Report of the Board of
Supervisors
Mgmt For For
3 Approve 2019 Final Financial Accounts Mgmt For For
4 Approve 2019 Profit Distribution Plan Mgmt For For
5 Approve 2020 Budget Plan of Fixed Assets
Investment
Mgmt For For
6 Approve Appointment of Accounting Firms for
2020
Mgmt For For
7 Approve Remuneration Adjustment Plan for
Independent Non-executive Directors
Mgmt For For
8 Approve Remuneration Adjustment Plan for
External Supervisors
Mgmt For For
9 Approve Increase in 2020 External Donations
Limit
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Postal Savings Bank of China Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
10 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance
limit is greater than 10 percent.- The company has not specified the discount limit.
11 Approve Issuance of Write-Down Undated SH
Capital Bonds
For For
Power Construction Corporation of China, Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7999Z103
Ticker: 601669
Primary ISIN: CNE1000017G1
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Preferred Stock Dividend Distribution
Plan
Mgmt For For
7 Approve Redemption of Preferred Stock Mgmt For For
8 Approve Financial Budget Report Mgmt For For
9 Approve Investment Plan Mgmt For For
10 Approve Guarantee Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because: - There is lack of disclosure on the pertinent details of this loan
guarantee request. - The benefit of the proposal is unclear.
11 Approve Financial Plan Mgmt For Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
12 Approve 2020 Daily Related Party
Transactions Plan and Signing of Daily
Related Party Transactions Agreement
Mgmt
For
Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted because the benefit of the proposal is unclear and
it may expose the company to unnecessary risks.
13 Approve Appointment of Auditor and Internal
Control Auditor
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Power Construction Corporation of China, Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
14 Approve Issuance of Asset Securitization and
Related Credit Increase Matters
15 Approve Authorization on Issuance of Debt
Financing Instruments
Mgmt
Mgmt
For
For
For
Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
16 Approve Remuneration of Directors
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
17 Approve Remuneration of Supervisors
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted due to lack of disclosure.
18 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management Members
Mgmt For For
19 Elect Ding Yanzhang as Non-Independent
Director
SH For For
Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Special
Primary Security ID: Y7687D109
Ticker: 2196
Primary ISIN: CNE100001M79
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
EGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Amend Articles of Association Mgmt For For
2 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
RESOLUTIONS IN RELATION TO THE
PROPOSED SHANGHAI HENLIUS LISTING
Mgmt
3.1 Approve Issuing Entity Mgmt For For
3.2 Approve Type of Securities to be Issued Mgmt For For
3.3 Approve Par Value of Shares Mgmt For For
3.4 Approve Size of Issuance Mgmt For For
3.5 Approve Target Subscribers Mgmt For For
3.6 Approve Issuance Price and Pricing
Methodology
Mgmt For For
3.7 Approve Method of Issuance Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
3.8
Approve Place of Listing
Mgmt
For
For
3.9 Approve Time of Issuance and Listing Mgmt For For
3.10 Approve Use of Proceeds of the Issuance Mgmt For For
4 Authorize Board to Deal with All Matters in
Relation to the Proposed Shanghai Henlius
Listing
Mgmt For For
5 Approve Mutual Supply Framework
Agreement and Related Transactions
Mgmt For For
6 Approve Estimates of Ongoing Related Party
Transactions for 2020
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST this proposal is warranted because the proposed related-party
transactions include a financial service agreement with the group finance company, which may expose the company to
unnecessary risks
Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Special
Primary Security ID: Y7687D109
Ticker: 2196
Primary ISIN: CNE100001M79
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
EGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Amend Articles of Association Mgmt For For
2 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
RESOLUTIONS IN RELATION TO THE
PROPOSED SHANGHAI HENLIUS LISTING
Mgmt
3.1 Approve Issuing Entity Mgmt For For
3.2 Approve Type of Securities to be Issued Mgmt For For
3.3 Approve Par Value of Shares Mgmt For For
3.4 Approve Size of Issuance Mgmt For For
3.5 Approve Target Subscribers Mgmt For For
3.6 Approve Issuance Price and Pricing
Methodology
Mgmt For For
3.7 Approve Method of Issuance Mgmt For For
3.8 Approve Place of Listing Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
3.9
Approve Time of Issuance and Listing
Mgmt
For
For
3.10 Approve Use of Proceeds of the Issuance Mgmt For For
4 Authorize Board to Deal with All Matters in
Relation to the Proposed Shanghai Henlius
Listing
Mgmt For For
5 Approve Mutual Supply Framework
Agreement and Related Transactions
Mgmt For For
6 Approve Estimates of Ongoing Related Party
Transactions for 2020
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST this proposal is warranted because the proposed related-party
transactions include a financial service agreement with the group finance company, which may expose the company to
unnecessary risks
Shanghai Jinqiao Export Processing Zone Development Co. Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y4443D101
Ticker: 900911
Primary ISIN: CNE000000941
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF B SHARES
Mgmt
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report Mgmt For For
6 Approve Financial Budget and Business Work
Plan
Mgmt For For
7 Approve Issuance of Bonds and Related
Authorization Matters
Mgmt For For
8 Approve Appointment of Financial Auditor and
Internal Control Auditor
Mgmt For For
9 Approve Shareholder Return Plan Mgmt For For
ELECT SUPERVISOR VIA CUMULATIVE
VOTING
Mgmt
10.1 Elect Du Yan as Supervisor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Shanxi Lu'An Environmental Energy Development Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7699U107
Ticker: 601699
Primary ISIN: CNE000001NT7
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Report of the Independent Directors Mgmt For For
4 Approve Annual Report and Summary Mgmt For Against
Blended Rationale: Future World Protection List: A vote against is applied as the company meets the criteria for inclusion in
LGIM’s Future World Protection List. Companies are incorporated into the List if they fail to meet minimum standards of
globally accepted business practices. This includes: companies involved in the manufacture and production of controversial
weapons; perennial violators of the United Nations Global Compact (UNGC); and pure coal miners.
5 Approve Financial Statements Mgmt For Against
Blended Rationale: Future World Protection List: A vote against is applied as the company meets the criteria for inclusion in
LGIM’s Future World Protection List. Companies are incorporated into the List if they fail to meet minimum standards of
globally accepted business practices. This includes: companies involved in the manufacture and production of controversial
weapons; perennial violators of the United Nations Global Compact (UNGC); and pure coal miners.
6 Approve Profit Distribution Mgmt For For
7 Approve Daily Related-party Transactions
Mgmt
For
For
8 Approve Provision of Financial Support
Mgmt
For
Against
Blended Rationale: A vote AGAINST is warranted because the level of loan to be provided to some of the receiving entities is
disproportionate to the company's ownership in the said entities. The company has failed to provide any justifications in the
meeting circular.
9 Approve Financial Service Agreement Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
10 Approve Amendments to Articles of
Association to Expand Business Scope
Mgmt For For
11 Approve to Appoint Auditor Mgmt For For
12 Approve Internal Control Self-Evaluation
Report
Mgmt For For
13 Approve Internal Control Audit Report Mgmt For For
14 Approve Social Responsibility Report Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Walvax Biotechnology Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Special
Primary Security ID: Y9486E106
Ticker: 300142
Primary ISIN: CNE100000WN2
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Amend Articles of Association Mgmt For For
Weifu High-Technology Group Co. Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y95338102
Ticker: 200581
Primary ISIN: CNE000000J36
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF B SHARES
Mgmt
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Allocation of Income and Dividends Mgmt For For
6 Approve Appointment of Financial Report
Auditor
Mgmt For For
7 Approve Appointment of Internal Control
Evaluation Auditor
Mgmt For For
8 Approve Daily Related-Party Transactions Mgmt For For
9 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
10 Amend Working System for Online Voting of
the Shareholders General Meeting
Mgmt For For
11 Elect Chen Ran as Supervisor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
XCMG Construction Machinery Co., Ltd.
Meeting Date: 05/28/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9T17R112
Ticker: 000425
Primary ISIN: CNE000000FH0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Financial Budget Report Mgmt For For
6 Approve Amendments to Articles of
Association to Expand Business Scope
Mgmt For For
7 Approve to Appoint Auditors and Payment of
Their Remuneration
Mgmt For For
8 Approve Annual Report and Summary Mgmt For For
Anhui Conch Cement Company Limited
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y01373102
Ticker: 914
Primary ISIN: CNE1000001W2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Audited Financial Reports Mgmt For For
4 Approve KPMG Huazhen LLP as PRC and
Internal Control Auditor, KPMG as
International Financial Auditor, and Authorize
Board to Fix Their Remuneration
Mgmt For For
5 Approve 2019 Profit Appropriation Proposal
and Declaration of Final Dividend
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Anhui Conch Cement Company Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
6
Approve Provision of Guarantee to
Subsidiaries and Invested Companies
Mgmt
For
For
7 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
8 Approve Amendments to Articles of
Association
Mgmt For For
9 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
Anhui Conch Cement Company Limited
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y01373102
Ticker: 914
Primary ISIN: CNE1000001W2
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Audited Financial Reports Mgmt For For
4 Approve KPMG Huazhen LLP as PRC and
Internal Control Auditor, KPMG as
International Financial Auditor, and Authorize
Board to Fix Their Remuneration
Mgmt For For
5 Approve 2019 Profit Appropriation Proposal
and Declaration of Final Dividend
Mgmt For For
6 Approve Provision of Guarantee to
Subsidiaries and Invested Companies
Mgmt For For
7 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
8 Approve Amendments to Articles of
Association
Mgmt For For
9 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Beijing Kunlun Tech Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Special
Primary Security ID: Y0R7Z5109
Ticker: 300418
Primary ISIN: CNE100001YF2
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Equity Transfer Agreement Mgmt For For
BOE Technology Group Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0920M119
Ticker: 200725
Primary ISIN: CNE000000R44
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements and Business
Plan
Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Loan And Credit Line Mgmt For For
7 Approve Development of Principal-guaranteed
Financial Products or Structure Deposits
Mgmt For For
8 Approve Provision of Guarantee to Chengdu
BOE Hospital Co., Ltd.
Mgmt For For
9 Approve Provision of Guarantee to Chongqing
BOE Display Technology Co., Ltd.
Mgmt For For
10 Approve Appointment of Auditor Mgmt For For
11 Elect Tang Shoulian as Independent Director Mgmt For For
12 Amend Articles of Association Mgmt For For
13 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
BOE Technology Group Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y0920M119
Ticker: 200725
Primary ISIN: CNE000000R44
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
AGM BALLOT FOR HOLDERS OF B SHARES Mgmt
1 Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors
Mgmt
For
For
3 Approve Annual Report and Summary
Mgmt
For
For
4 Approve Financial Statements and Business
Plan
5 Approve Profit Distribution
Mgmt
Mgmt
For
For
For
For
6 Approve Loan And Credit Line
Mgmt
For
For
7 Approve Development of Principal-guaranteed
Financial Products or Structure Deposits
8 Approve Provision of Guarantee to Chengdu
BOE Hospital Co., Ltd.
9 Approve Provision of Guarantee to Chongqing
BOE Display Technology Co., Ltd.
10 Approve Appointment of Auditor
Mgmt
Mgmt
Mgmt
Mgmt
For
For
For
For
For
For
For
For
11 Elect Tang Shoulian as Independent Director
Mgmt
For
For
12 Amend Articles of Association
Mgmt
For
For
13 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt
For
For
Braskem SA
Meeting Date: 05/29/2020 Country: Brazil
Meeting Type: Annual
Primary Security ID: P18533110
Ticker: BRKM5
Primary ISIN: BRBRKMACNPA4
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
Meeting for Preferred Shareholders Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Braskem SA
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
In Case Neither Class of Shares Reaches the
Minimum Quorum Required by the Brazilian
Corporate Law to Elect a Board
Representative in Separate Elections, Would
You Like to Use Your Votes to Elect the
Candidate with More Votes to Represent Both
Classes?
Mgmt
None
For
2 As a Preferred Shareholder, Would You like to
Request a Separate Minority Election of a
Member of the Board of Directors, Under the
Terms of Article 141 of the Brazilian
Corporate Law?
Mgmt None For
3 Elect Lirio Albino Parisotto as Director
Appointed by Preferred Shareholder
SH None For
4 In Case Neither Class of Shares Reaches the
Minimum Quorum Required by the Brazilian
Corporate Law to Elect a Board
Representative in Separate Elections, Would
You Like to Use Your Votes to Elect the
Candidate with More Votes to Represent Both
Classes?
Mgmt None For
5 As a Preferred Shareholder, Would You Like
to Request a Separate Election of a Member
of the Fiscal Council, Under the Terms of
Article 161 of the Brazilian Corporate Law?
Mgmt None For
6 Elect Heloisa Belotti Bedicks as Fiscal Council
Member and Reginaldo Ferreira Alexandre as
Alternate Appointed by Preferred Shareholder
SH None For
Capitec Bank Holdings Ltd.
Meeting Date: 05/29/2020 Country: South Africa
Meeting Type: Annual
Primary Security ID: S15445109
Ticker: CPI
Primary ISIN: ZAE000035861
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
Ordinary Resolutions Mgmt
1 Re-elect Michiel du Pre le Roux as Director
Mgmt
For
Against
Blended Rationale: Diversity: A vote against is applied as LGIM expects a company to have a diverse board, with at least 25%
of board members being women. We expect companies to increase female participation both on the board and in leadership
positions over time.
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Capitec Bank Holdings Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
2 Re-elect Kabelo Makwane as Director Mgmt For Against
Blended Rationale: Diversity: A vote against is applied as LGIM expects a company to have a diverse board, with at least 25%
of board members being women. We expect companies to increase female participation both on the board and in leadership
positions over time.
3 Re-elect Chris Otto as Director Mgmt For Against
Blended Rationale: Committee independence: A vote against is applied as LGIM expects the Committee to be comprised of
independent directors.Diversity: A vote against is applied as LGIM expects a company to have a diverse board, with at least
25% of board members being women. We expect companies to increase female participation both on the board and in
leadership positions over time.
4 Elect Santie Botha as Director Mgmt For Against
Blended Rationale: Board mandates: A vote against is applied as LGIM expects a CEO/CFO/FD or a non-executive director not
to hold too many external roles to ensure they can undertake their duties effectively.
5 Elect Emma Mashilwane as Director Mgmt For For
6 Reappoint PricewaterhouseCoopers Inc as
Auditors of the Company
Mgmt For For
7 Appoint Deloitte & Touche as Auditors of the
Company
Mgmt For For
8 Authorise Specific Issue of Loss Absorbent
Convertible Capital Securities for Cash
Mgmt For For
9 Authorise Board to Issue Shares for Cash Mgmt For For
10 Approve Remuneration Policy Mgmt For Against
Blended Rationale: Remuneration: A vote against is applied as LGIM expects all incentive plans to be capped either as a
percentage of salary or a fixed number of shares.Remuneration: Performance conditions: A vote against is applied as the level
of disclosures in respect of performance conditions does not allow shareholders to make a fully informed assessment of
remuneration.
11 Approve Implementation Report of
Remuneration Policy
Mgmt For For
Special Resolutions Mgmt
1 Approve Non-executive Directors'
Remuneration
Mgmt For For
2 Authorise Repurchase of Issued Share Capital Mgmt For For
3 Approve Financial Assistance in Terms of
Section 45 of the Companies Act
Mgmt For For
4 Approve Financial Assistance in Respect of
the Restricted Share Plan
Mgmt For For
China Longyuan Power Group Corporation Limited
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1501T101
Ticker: 916
Primary ISIN: CNE100000HD4
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Longyuan Power Group Corporation Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve 2019 Report of the Board of
Directors
Mgmt
For
For
2 Approve 2019 Report of the Supervisory
Board
Mgmt For For
3 Approve 2019 Independent Auditor's Report
and Audited Financial Statements
Mgmt For For
4 Approve 2019 Final Financial Accounts Report Mgmt For For
5 Approve 2019 Profit Distribution Plan Mgmt For For
6 Approve 2020 Financial Budget Plan Mgmt For Against
Blended Rationale: A vote AGAINST this proposal is warranted due to lack of disclosure regarding the budget limit and
allocation of funds.
7 Approve Remuneration Plan of Directors and
Supervisors
Mgmt For For
8 Approve Baker Tilly China Certified Public
Accountants LLP as PRC Auditor and
Authorize the Audit Committee of the Board
to Fix Their Remuneration
Mgmt For For
9 Approve Ernst & Young as International
Auditor and Authorize the Audit Committee of
the Board to Fix Their Remuneration
Mgmt For Against
Blended Rationale: Auditor fees: A vote against is applied as LGIM does not expect excessive non-audit work to be conducted
by the company's external auditors as this will bring into question the independence of their judgement.
10 Amend Articles of Association Mgmt For For
11 Approve General Mandate to Apply for
Registration and Issuance of Debt Financing
Instruments in the PRC
Mgmt For For
12 Approve Application for Registration and
Issuance of Debt Financing Instruments of
Non-Financial Enterprises in the PRC
Mgmt For For
13 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance limit
is greater than 10 percent.- The company has not specified the discount limit.
China Longyuan Power Group Corporation Limited
Meeting Date: 05/29/2020 Country: China
Meeting Type: Special
Primary Security ID: Y1501T101
Ticker: 916
Primary ISIN: CNE100000HD4
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Longyuan Power Group Corporation Limited
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Amend Articles of Association Mgmt For For
China Shenhua Energy Company Limited
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1504C113
Ticker: 1088
Primary ISIN: CNE1000002R0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Audited Financial Statements Mgmt For For
4 Approve 2019 Profit Distribution Plan and
Final Dividend
Mgmt For For
5 Approve 2019 Remuneration of Directors and
Supervisors
Mgmt For For
6 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management
Mgmt For For
7 Approve KPMG as International Auditors and
KPMG Huazhen LLP as PRC Auditors and
Authorize Directors' Committee to Fix Their
Remuneration
Mgmt For For
8 Approve Entering into the Shenhua Finance
Capital Increase Agreement with Shuohuang
Railway, Zhunge'er Energy, Baoshen Railway,
China Energy and Shenhua Finance and
Related Transactions
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Shenhua Energy Company Limited
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
9 Approve Entering into the Termination
Agreement of the Existing Financial Services
Agreement with China Energy, Entering into
the New Financial Services Agreement with
Shenhua Finance and the Terms, Annual Caps
and Related Transactions
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST this proposal is warranted because the proposed related-party
transactions include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.
10 Approve the Increase of Cash Dividend
Percentage for 2019-2021
Mgmt For For
11 Amend Articles of Association Regarding Party
Committee
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
12 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
13 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
14 Amend Rules and Procedures Regarding
Meetings of Supervisory Committee
Mgmt For For
ELECT EXECUTIVE DIRECTORS AND
NON-EXECUTIVE DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
15.01 Elect Wang Xiangxi as Director SH For For
15.02 Elect Yang Jiping as Director SH For Against
Blended Rationale: Future World Protection List: A vote against is applied as the company meets the criteria for inclusion in
LGIM’s Future World Protection List. Companies are incorporated into the List if they fail to meet minimum standards of
globally accepted business practices. This includes: companies involved in the manufacture and production of controversial
weapons; perennial violators of the United Nations Global Compact (UNGC); and pure coal miners.
15.03 Elect Xu Mingjun as Director SH For For
15.04 Elect Jia Jinzhong as Director SH For For
15.05 Elect Zhao Yongfeng as Director SH For For
ELECT INDEPENDENT NON-EXECUTIVE
DIRECTORS VIA CUMULATIVE VOTING
Mgmt
16.01 Elect Yuen Kwok Keung as Director SH For For
16.02 Elect Bai Chong-En as Director SH For For
16.03 Elect Chen Hanwen as Director SH For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
17.01 Elect Luo Meijian as Supervisor SH For For
17.02 Elect Zhou Dayu as Supervisor SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Shenhua Energy Company Limited
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y1504C113
Ticker: 1088
Primary ISIN: CNE1000002R0
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Report of the Board of
Directors
Mgmt For For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Audited Financial Statements Mgmt For For
4 Approve 2019 Profit Distribution Plan and
Final Dividend
Mgmt For For
5 Approve 2019 Remuneration of Directors and
Supervisors
Mgmt For For
6 Approve Purchase of Liability Insurance for
Directors, Supervisors and Senior
Management
Mgmt For For
7 Approve KPMG as International Auditors and
KPMG Huazhen LLP as PRC Auditors and
Authorize Directors' Committee to Fix Their
Remuneration
Mgmt For For
8 Approve Entering into the Shenhua Finance
Capital Increase Agreement with Shuohuang
Railway, Zhunge'er Energy, Baoshen Railway,
China Energy and Shenhua Finance and
Related Transactions
Mgmt For For
9 Approve Entering into the Termination
Agreement of the Existing Financial Services
Agreement with China Energy, Entering into
the New Financial Services Agreement with
Shenhua Finance and the Terms, Annual Caps
and Related Transactions
Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST this proposal is warranted because the proposed related-party
transactions include a financial service agreement with the group finance company, which may expose the company to
unnecessary risks.
10 Approve the Increase of Cash Dividend
Percentage for 2019-2021
Mgmt For For
11 Amend Articles of Association Regarding Party
Committee
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
12 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Shenhua Energy Company Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
13
Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt
For
For
14 Amend Rules and Procedures Regarding
Meetings of Supervisory Committee
Mgmt For For
ELECT EXECUTIVE DIRECTORS AND
NON-EXECUTIVE DIRECTORS VIA
CUMULATIVE VOTING
Mgmt
15.01 Elect Wang Xiangxi as Director SH For For
15.02 Elect Yang Jiping as Director SH For Against
Blended Rationale: Future World Protection List: A vote against is applied as the company meets the criteria for inclusion in
LGIM’s Future World Protection List. Companies are incorporated into the List if they fail to meet minimum standards of
globally accepted business practices. This includes: companies involved in the manufacture and production of controversial
weapons; perennial violators of the United Nations Global Compact (UNGC); and pure coal miners.
15.03 Elect Xu Mingjun as Director SH For For
15.04 Elect Jia Jinzhong as Director SH For For
15.05 Elect Zhao Yongfeng as Director SH For For
ELECT INDEPENDENT NON-EXECUTIVE
DIRECTORS VIA CUMULATIVE VOTING
Mgmt
16.01 Elect Yuen Kwok Keung as Director SH For For
16.02 Elect Bai Chong-En as Director SH For For
16.03 Elect Chen Hanwen as Director SH For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
17.01 Elect Luo Meijian as Supervisor SH For For
17.02 Elect Zhou Dayu as Supervisor SH For For
China Shenhua Energy Company Limited
Meeting Date: 05/29/2020 Country: China
Meeting Type: Special
Primary Security ID: Y1504C113
Ticker: 1088
Primary ISIN: CNE1000002R0
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF A SHARES Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China Shenhua Energy Company Limited
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1 Amend Articles of Association Regarding Party
Committee
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
China Shenhua Energy Company Limited
Meeting Date: 05/29/2020 Country: China
Meeting Type: Special
Primary Security ID: Y1504C113
Ticker: 1088
Primary ISIN: CNE1000002R0
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Amend Articles of Association
Mgmt
For
For
China TransInfo Technology Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Special
Primary Security ID: Y8310S109
Ticker: 002373
Primary ISIN: CNE100000MJ1
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
APPROVE REPURCHASE AND CANCELLATION
OF PERFORMANCE SHARES
Mgmt
1.1 Approve Repurchase and Cancellation of
Performance Shares (April 2019)
Mgmt For For
1.2 Approve Repurchase and Cancellation of
Performance Shares (July 2019)
Mgmt For For
1.3 Approve Repurchase and Cancellation of
Performance Shares (October 2019)
Mgmt For For
1.4 Approve Repurchase and Cancellation of
Performance Shares (December 2019)
Mgmt For For
1.5 Approve Repurchase and Cancellation of
Performance Shares (May 2020)
Mgmt For For
2 Approve Decrease in Registered Capital and
Amend Articles of Association
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
China TransInfo Technology Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
3 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
Chunghwa Telecom Co., Ltd.
Meeting Date: 05/29/2020 Country: Taiwan
Meeting Type: Annual
Primary Security ID: Y1613J108
Ticker: 2412
Primary ISIN: TW0002412004
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Business Operations Report and
Financial Statements
Mgmt
For
For
2 Approve Plan on Profit Distribution Mgmt For For
3 Approve Amendments to Articles of
Association
Mgmt For For
4 Approve Release of Restrictions of
Competitive Activities of Directors
Mgmt For For
Formosa Petrochemical Corp.
Meeting Date: 05/29/2020 Country: Taiwan
Meeting Type: Annual
Primary Security ID: Y2608S103
Ticker: 6505
Primary ISIN: TW0006505001
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Business Report and Financial
Statements
Mgmt For For
2 Approve Profit Distribution Mgmt For For
3 Amend Rules and Procedures Regarding
Shareholder's General Meeting
Mgmt
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guangzhou Automobile Group Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2R318121
Ticker: 2238
Primary ISIN: CNE100000Q35
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF H SHARES
Mgmt
1 Approve 2019 Annual Report and Its
Summary Report
Mgmt For For
2 Approve 2019 Work Report of the Board of
Directors
Mgmt For For
3 Approve 2019 Work Report of the Supervisory
Committee
Mgmt For For
4 Approve 2019 Financial Report Mgmt For For
5 Approve 2019 Profit Distribution Mgmt For For
6 Approve Appointment of Auditors Mgmt For For
7 Approve Appointment of Internal Control
Auditors
Mgmt For For
8 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance
limit is greater than 10 percent.- The company has not specified the discount limit.
9 Authorize Board of Directors to Issue Debt
Financing Instruments
Mgmt For For
10 Approve Utilization of the Remaining
Proceeds of an Investment Project Raised
From Non-Public Issuance of A Shares for
Permanent Replenishment of Working Capital
Mgmt For For
11 Amend Articles of Association Regarding Party
Committee
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
12 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
ELECT DIRECTORS VIA CUMULATIVE
VOTING
Mgmt
13.01 Elect Zhao Fuquan as Director Mgmt For For
13.02 Elect Xiao Shengfang as Director Mgmt For For
13.03 Elect Wong Hakkun as Director Mgmt For For
13.04 Elect Song Tiebo as Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guangzhou Automobile Group Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2R318121
Ticker: 2238
Primary ISIN: CNE100000Q35
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
AGM BALLOT FOR HOLDERS OF A SHARES
Mgmt
1 Approve 2019 Annual Report and Its
Summary Report
Mgmt For For
2 Approve 2019 Work Report of the Board of
Directors
Mgmt For For
3 Approve 2019 Work Report of the Supervisory
Committee
Mgmt For For
4 Approve 2019 Financial Report Mgmt For For
5 Approve 2019 Profit Distribution Mgmt For For
6 Approve Appointment of Auditors Mgmt For For
7 Approve Appointment of Internal Control
Auditors
Mgmt For For
8 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance
limit is greater than 10 percent.- The company has not specified the discount limit.
9 Authorize Board of Directors to Issue Debt
Financing Instruments
Mgmt For For
10 Approve Utilization of the Remaining
Proceeds of an Investment Project Raised
From Non-Public Issuance of A Shares for
Permanent Replenishment of Working Capital
Mgmt For For
11 Amend Articles of Association Regarding Party
Committee
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
12 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
ELECT DIRECTORS VIA CUMULATIVE
VOTING
Mgmt
13.01 Elect Zhao Fuquan as Director Mgmt For For
13.02 Elect Xiao Shengfang as Director Mgmt For For
13.03 Elect Wong Hakkun as Director Mgmt For For
13.04 Elect Song Tiebo as Director Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guangzhou R&F Properties Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y2933F115
Ticker: 2777
Primary ISIN: CNE100000569
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve 2019 Report of the Board of
Directors
Mgmt
For
For
2 Approve 2019 Report of the Supervisory
Committee
Mgmt For For
3 Approve 2019 Audited Financial Statements
and Statutory Reports
Mgmt For For
4 Approve Final Dividend Mgmt For For
5 Approve PricewaterhouseCoopers as Auditor
and Authorize Board to Fix Their
Remuneration
Mgmt For Against
Blended Rationale: Auditor fees: A vote against is applied as LGIM does not expect excessive non-audit work to be conducted
by the company's external auditors as this will bring into question the independence of their judgement.
6 Authorize Board to Decide on Matters Relating
to the Payment of Interim Dividend for the Six
Months Ended June 30, 2020
Mgmt For For
RESOLUTIONS IN RELATION TO THE
ELECTION OF DIRECTORS AND SUPERVISOR
AND AUTHORIZATION OF BOARD TO FIX
THEIR REMUNERATION
Mgmt
7a Elect Li Helen as Director and Authorize Board
to Fix Her Remuneration
Mgmt For Against
Blended Rationale: A vote AGAINST the reelection of Li Helen, Zheng Ercheng, and Wong Chun Bong is warranted given that
they serve on the audit committee and the company failed to disclose sufficient information regarding the fees paid to the
domestic auditor in the last fiscal year to examine the level of non-audit services rendered by the domestic auditor.
7b Elect Zheng Ercheng as Director and
Authorize Board to Fix His Remuneration
Mgmt For Against
Blended Rationale: A vote AGAINST the reelection of Li Helen, Zheng Ercheng, and Wong Chun Bong is warranted given that
they serve on the audit committee and the company failed to disclose sufficient information regarding the fees paid to the
domestic auditor in the last fiscal year to examine the level of non-audit services rendered by the domestic auditor.
7c Elect Wong Chun Bong as Director and
Authorize Board to Fix His Remuneration
Mgmt For Against
Blended Rationale: A vote AGAINST the reelection of Li Helen, Zheng Ercheng, and Wong Chun Bong is warranted given that
they serve on the audit committee and the company failed to disclose sufficient information regarding the fees paid to the
domestic auditor in the last fiscal year to examine the level of non-audit services rendered by the domestic auditor.
7d Elect Zhao Xianglin as Supervisor and
Authorize Board to Fix His Remuneration
Mgmt For For
8 Approve BDO China Shu Lun Pan Certified
Public Accountants LLP as Domestic Auditor
and Authorize Board to Fix Their
Remuneration
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guangzhou R&F Properties Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
9
Authorize Legal Representative(s) or
Authorized Person(s) and Its Subsidiaries to
Sign Composite Credit Facilities or Loan
Related Agreements and Documents
Mgmt
For
For
10 Approve Extension of Guarantees by the
Company on Behalf of Subsidiaries,
Associates, Joint Ventures and Other Investee
Companies
Mgmt For Against
Blended Rationale: A vote AGAINST these resolutions is warranted since the company will be taking in a disproportionate
amount of risk relative to its ownership stake without compelling justification.
11 Approve Extension of Guarantees on Behalf of
Subsidiaries, Associates and Joint Ventures in
2019
Mgmt For Against
Blended Rationale: A vote AGAINST these resolutions is warranted since the company will be taking in a disproportionate
amount of risk relative to its ownership stake without compelling justification.
12 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For Against
Blended Rationale: Pre-emption rights: A vote AGAINST this resolution is warranted for the following:- The share issuance
limit is greater than 10 percent.- The company has not specified the discount limit.
RESOLUTIONS IN RELATION TO THE
EXTENSION OF THE VALIDITY PERIOD OF
APPLYING FOR THE INITIAL PUBLIC
OFFERING AND LISTING OF RENMINBI
ORDINARY SHARES (A SHARES) WITHIN THE
TERRITORY OF THE PRC
Mgmt
13a Approve Class of Shares Mgmt For For
13b Approve Place of Listing Mgmt For For
13c Approve Issuer Mgmt For For
13d Approve Number of Shares to be Issued Mgmt For For
13e Approve Nominal Value of the Shares to be
Issued
Mgmt For For
13f Approve Target Subscriber Mgmt For For
13g Approve Issue Price Mgmt For For
13h Approve Method of Issue Mgmt For For
13i Approve Underwriting Method Mgmt For For
13j Approve Use of Proceeds Mgmt For For
13k Approve Plan on the Allocation of
Accumulated Profits Prior to the Issue
Mgmt For For
13l Approve Effective Period of the Resolution Mgmt For For
14 Authorize Board to Handle All Matters in
Relation to the Initial Public Offering and
Listing of Renminbi Ordinary Shares (A
Shares) with Full Authority
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guangzhou R&F Properties Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
15
Approve Issuance of Direct Debt Financing
Products and Asset Securitization Products in
2020
Mgmt
For
For
16 Authorize Board or Its Authorized Person(s)
to Handle All Matters in Relation to the
Issuance of Direct Debt Financing Products
and Asset Securitization Products in 2020
Mgmt For For
17 Approve Amendments to Articles of
Association
Mgmt For For
18 Elect Zhang Hui as Director and Authorize
Board to Fix His Remuneration
Mgmt For For
Guangzhou R&F Properties Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Special
Primary Security ID: Y2933F115
Ticker: 2777
Primary ISIN: CNE100000569
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES
Mgmt
RESOLUTIONS IN RELATION TO THE
EXTENSION OF THE VALIDITY PERIOD OF
APPLYING FOR THE INITIAL PUBLIC
OFFERING AND LISTING OF RENMINBI
ORDINARY SHARES (A SHARES) WITHIN THE
TERRITORY OF THE PRC
Mgmt
1a Approve Class of Shares Mgmt For For
1b Approve Place of Listing Mgmt For For
1c Approve Issuer Mgmt For For
1d Approve Number of Shares to be Issued Mgmt For For
1e Approve Nominal Value of the Shares to be
Issued
Mgmt For For
1f Approve Target Subscriber Mgmt For For
1g Approve Issue Price Mgmt For For
1h Approve Method of Issue Mgmt For For
1i Approve Underwriting Method Mgmt For For
1j Approve Use of Proceeds Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Guangzhou R&F Properties Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1k
Approve Plan on the Allocation of
Accumulated Profits Prior to the Issue
Mgmt
For
For
1l Approve Effective Period of the Resolution Mgmt For For
2 Approve the Extension of the Validity Period
of Authorizing the Board to Handle Matters in
Relation to the Initial Public Offering and
Listing of Renminbi Ordinary Shares (A
Shares) with Full Authority
Mgmt For For
3 Approve Amendments to Articles of
Association
Mgmt For For
Henan Shuanghui Investment & Development Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y3121R101
Ticker: 000895
Primary ISIN: CNE000000XM3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Annual Report and Summary Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Appointment of Financial Auditor Mgmt For For
6 Approve Appointment of Internal Control
Auditor
Mgmt For For
7 Approve Equity Acquisition Mgmt For For
8 Approve Company's Eligibility for Private
Placement of Shares
SH For For
APPROVE PLAN FOR PRIVATE PLACEMENT
OF NEW SHARES
Mgmt
9.1 Approve Share Type and Par Value SH For For
9.2 Approve Issue Manner and Issue Time SH For For
9.3 Approve Target Subscribers and Subscription
Method
SH For For
9.4 Approve Pricing Reference Date, Issue Price
and Pricing Basis
SH For For
9.5 Approve Issue Size SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Henan Shuanghui Investment & Development Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
9.6 Approve Lock-up Period Arrangements SH For For
9.7 Approve Listing Exchange
SH For
For
9.8 Approve Use of Proceeds
SH For
For
9.9 Approve Distribution Arrangement of SH
Undistributed Earnings
9.10 Approve Resolution Validity Period SH
For
For
For
For
10 Approve Private Placement of Shares SH
For
For
11 Approve Feasibility Analysis Report on the SH
Use of Proceeds
12 Approve Report on the Usage of Previously SH
Raised Funds
13 Approve Authorization of Board to Handle All SH
Related Matters
14 Approve Impact of Dilution of Current Returns SH
on Major Financial Indicators and the
Relevant Measures to be Taken
15 Approve Shareholder Return Plan SH
For
For
For
For
For
For
For
For
For
For
16 Approve Self-inspection Report on Company's SH
Real Estate Business
For
For
Jiangxi Bank Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y444NK103
Ticker: 1916
Primary ISIN: CNE1000031B3
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve 2019 Annual Financial Statements
Report
Mgmt
For
For
2 Approve 2020 Financial Budget Report Mgmt For For
3 Approve 2019 Profit Distribution Plan Mgmt For For
4 Approve 2020 Equity Investment and Capital
Expenditure Plan
Mgmt For For
5 Approve 2019 Board of Directors Report Mgmt For For
6 Approve 2019 Board of Supervisors Report Mgmt For For
7 Approve KPMG Huazhen LLP as Domestic
Auditors and KPMG as International Auditors
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Jiangxi Bank Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
8
Approve the Management System for the
Remuneration of Directors and Supervisors
Mgmt
For
For
9 Approve the Remuneration Package for
Independent Directors
Mgmt For For
10 Approve the Remuneration Package for
External Supervisors
Mgmt For For
11 Approve Liu Wei as Supervisor Mgmt For For
12 Amend Rules of Procedures of the Board of
Directors Regarding Party Committee
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
13 Amend Rules of Procedures of the Board of
Supervisors Regarding Party Committee
Mgmt For Against
Blended Rationale: Governance Concerns: Party Committee: A vote against is warranted due to concerns regarding the primacy
of the board and the role of the committee.
14 Amend Rules and Procedures Regarding Mgmt
General Meetings
15 Amend Articles of Association Mgmt
Jiangxi Bank Co., Ltd.
For
For
For
For
Meeting Date: 05/29/2020 Country: China
Meeting Type: Special
Primary Security ID: Y444NK103
Ticker: 1916
Primary ISIN: CNE1000031B3
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
CLASS MEETING FOR HOLDERS OF H SHARES Mgmt
1 Amend Articles of Association
Mgmt
For
For
2 Amend Rules and Procedures Regarding
General Meetings
Mgmt
For
For
Joincare Pharmaceutical Group Industry Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y7742H103
Ticker: 600380
Primary ISIN: CNE000001816
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Joincare Pharmaceutical Group Industry Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Supervisors
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Profit Distribution Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Internal Control Audit Report Mgmt For For
7 Approve Special Audit Notes on Occupancy of
Non-operational Funds and Exchanges of
Other Related Funds
Mgmt For For
8 Approve Provision for Asset Impairment Mgmt For For
9 Approve Provision of Guarantee Mgmt For For
10 Approve Appointment of Auditor Mgmt For For
11 Approve Adjustment of Type and Extension of
the Raised Funds Investment Project
Mgmt For For
12 Approve Change in Registered Capital Mgmt For For
13 Approve Amendments to Articles of
Association
Mgmt For For
14 Elect Qin Yezhi as Independent Director Mgmt For For
Magnitogorsk Iron & Steel Works PJSC
Meeting Date: 05/29/2020 Country: Russia
Meeting Type: Annual
Primary Security ID: X5171A103
Ticker: MAGN
Primary ISIN: RU0009084396
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1.1
Approve Annual Report
Mgmt
For
For
1.2 Approve Financial Statements Mgmt For For
2.1 Approve Allocation of Income Mgmt For For
2.2 Approve Dividends of RUB 1.507 per Share Mgmt For For
Elect 10 Directors via Cumulative Voting Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Magnitogorsk Iron & Steel Works PJSC
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
3.1 Elect Viktor Rashnikov as Director Mgmt None Against
3.2 Elect Andrei Eremin as Director
Mgmt
None
Against
3.3 Elect Kirill Levin as Director
Mgmt
None
Against
3.4 Elect Valerii Martsinovich as Director
Mgmt
None
For
3.5 Elect Ralf Morgan as Director
Mgmt
None
For
3.6 Elect Nikolai Nikiforov as Director
Mgmt
None
For
3.7 Elect Olga Rashnikova as Director
Mgmt
None
Against
3.8 Elect Zumrud Rustamova as Director
Mgmt
None
Against
3.9 Elect Sergei Ushakov as Director
Mgmt
None
Against
3.10 Elect Pavel Shiliaev as Director
Mgmt
None
Against
4 Ratify PricewaterhouseCoopers as Auditor
Mgmt
For
For
5 Approve Remuneration of Directors
Mgmt
For
For
Novolipetsk Steel
Meeting Date: 05/29/2020 Country: Russia
Meeting Type: Special
Primary Security ID: X58996103
Ticker: NLMK
Primary ISIN: RU0009046452
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Allocation of Income and Dividends
of RUB 17.36 per Share
Mgmt For For
Old Mutual Ltd.
Meeting Date: 05/29/2020 Country: South Africa
Meeting Type: Annual
Primary Security ID: S5790B132
Ticker: OMU
Primary ISIN: ZAE000255360
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
Ordinary Resolutions Mgmt
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Old Mutual Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
2.1
Accept Financial Statements and Statutory
Reports for the Year Ended 31 December
2019
Re-elect Paul Baloyi as Director
Mgmt
Mgmt
For
For
For
Against
Blended Rationale: Board mandates: A vote against is applied as LGIM expects a CEO/CFO/FD or a non-executive director not
to hold too many external roles to ensure they can undertake their duties effectively.
2.2 Re-elect Peter de Beyer as Director Mgmt For Against
Blended Rationale: Diversity: A vote against is applied as LGIM expects a company to have a diverse board, with at least 25%
of board members being women. We expect companies to increase female participation both on the board and in leadership
positions over time.
2.3 Re-elect Albert Essien as Director Mgmt For For
2.4 Re-elect Nosipho Molope as Director
Mgmt
For
Against
Blended Rationale: Diversity: A vote against is applied as LGIM expects a company to have a diverse board, with at least 25%
of board members being women. We expect companies to increase female participation both on the board and in leadership positions over time.
2.5 Re-elect Marshall Rapiya as Director Mgmt For For
3 Elect Iain Williamson as Director Mgmt For For
4.1 Re-elect Paul Baloyi as Member of the Audit
Committee
Mgmt For Against
Blended Rationale: Committee independence: A vote against is applied as LGIM expects the Committee to be comprised of
independent directors.
4.2 Re-elect Peter de Beyer as Member of the
Audit Committee
Mgmt For For
4.3 Re-elect Itumeleng Kgaboesele as Member of
the Audit Committee
Mgmt For Against
Blended Rationale: Diversity: A vote against is applied as LGIM expects a company to have a diverse board, with at least 25%
of board members being women. We expect companies to increase female participation both on the board and in leadership
positions over time.
4.4 Re-elect John Lister as Member of the Audit
Committee
Mgmt For Against
Blended Rationale: Diversity: A vote against is applied as LGIM expects a company to have a diverse board, with at least 25%
of board members being women. We expect companies to increase female participation both on the board and in leadership
positions over time.
4.5 Re-elect Nosipho Molope as Member of the
Audit Committee
Mgmt For For
5.1 Reappoint Deloitte & Touche as Auditors of
the Company
Mgmt For For
5.2 Reappoint KPMG Inc as Auditors of the
Company
Mgmt For For
6 Authorise Board to Issue Shares for Cash Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Old Mutual Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
7.1 Approve Remuneration Policy Mgmt For Against
Blended Rationale: Remuneration: A vote against is applied as LGIM expects all incentive plans to be capped either as a
percentage of salary or a fixed number of shares.Remuneration: Performance conditions: A vote against is applied as the level
of disclosures in respect of performance conditions does not allow shareholders to make a fully informed assessment of
remuneration.
7.2 Approve Remuneration Implementation Mgmt
Report
For For
8 Authorise Ratification of Approved Mgmt
Resolutions
For
For
Special Resolutions Mgmt
1 Approve Remuneration of Non-executive Mgmt
Directors
For
For
2 Authorise Repurchase of Issued Share Capital Mgmt For
For
3 Approve Financial Assistance to Subsidiaries Mgmt
and Other Related and Inter-related Entities
and to Directors, Prescribed Officers or Other
Persons Participating in Share or Other
Employee Incentive Schemes
For
For
4 Amend Memorandum of Incorporation; Place Mgmt
Authorised but Unissued Preference Shares
under Control of Directors
For
For
Perfect World Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Primary Security ID: Y988BN106
Meeting Type: Annual Ticker: 002624
Primary ISIN: CNE1000018W6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution and Capitalization
of Capital Reserves
Mgmt For For
6 Approve Appointment of Auditor Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Perfect World Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
7 Approve Use of Funds for Entrusted Asset
Management
Mgmt For Against
Blended Rationale: A vote AGAINST is warranted because the proposed investment could expose the company to unnecessary
risks.
8 Approve Daily Related-Party Transactions Mgmt For For
9 Approve Guarantee Provision Mgmt For For
10 Amend Articles of Association Mgmt For For
11 Approve Authorization of Board to Handle All
Related Matters Regarding Amending Articles
of Association
Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
12.1 Elect Feng Zhiming as Supervisor SH For For
12.2 Elect Zhang Dan as Supervisor Mgmt For For
Qingdao TGOOD Electric Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y71637105
Ticker: 300001
Primary ISIN: CNE100000H69
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Annual Report and Summary Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Plan Mgmt For For
6 Approve Provision for Asset Impairment Mgmt For For
7 Approve Appointment of Auditor Mgmt For For
8 Approve Company's Eligibility for Private
Placement of Shares
SH For For
APPROVE PLAN FOR PRIVATE PLACEMENT
OF NEW SHARES
Mgmt
9.1 Approve Share Type and Par Value SH For For
9.2 Approve Issue Manner and Issue Time SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Qingdao TGOOD Electric Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
9.3
Approve Target Subscribers and Subscription
Method
SH
For
For
9.4 Approve Pricing Reference Date and Issue
Price
SH For For
9.5 Approve Issue Size SH For For
9.6 Approve Lock-up Period SH For For
9.7 Approve Raised Funds Investment SH For For
9.8 Approve Listing Exchange SH For For
9.9 Approve Distribution Arrangement of
Undistributed Earnings
SH For For
9.10 Approve Resolution Validity Period SH For For
10 Approve Private Placement of Shares SH For For
11 Approve Demonstration Analysis Report in
Connection to Private Placement
SH For For
12 Approve Feasibility Analysis Report on the
Use of Proceeds
SH For For
13 Approve Report on the Usage of Previously
Raised Funds
SH For For
APPROVE INTRODUCTION OF STRATEGIC
INVESTORS
Mgmt
14.1 Approve Three Gorges Capital Holdings Co.,
Ltd. as Strategic Investor
SH For For
14.2 Approve Shandong Railway Development
Fund Co., Ltd. as Strategic Investor
SH For For
14.3 Approve Three Gorges Jinshi (Wuhan) Equity
Investment Fund Partnership (Limited
Partnership) as Strategic Investor
SH For For
14.4 Approve Three Gorges Green Industry
(Shandong) Equity Investment Partnership
(Limited Partnership) as Strategic Investor
SH For For
14.5 Approve Dongfang Electric (Chengdu)
Qingneng Equity Investment Fund Partnership
(Limited Partnership) as Strategic Investor
SH For For
15 Approve Signing of Strategic Cooperation
Agreement
SH For For
16 Approve Subscription Agreement SH For For
17 Approve Impact of Dilution of Current Returns
on Major Financial Indicators and the
Relevant Measures to be Taken
SH For For
18 Approve Authorization of Board to Handle All
Related Matters
SH For For
19 Approve Shareholder Return Plan SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
RHB Bank Berhad
Meeting Date: 05/29/2020 Country: Malaysia
Meeting Type: Annual
Primary Security ID: Y72783106
Ticker: 1066
Primary ISIN: MYL1066OO009
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Final Dividend
Mgmt
For
For
2 Elect Rebecca Fatima Sta Maria as Director Mgmt For For
3 Elect Khairussaleh Bin Ramli as Director Mgmt For For
4 Elect Govindan A/L Kunchamboo as Director Mgmt For For
5 Elect Mohamad Nasir Bin Ab Latif as Director Mgmt For For
6 Approve Directors' Fees and Board
Committees' Allowances for the Financial Year
Ended December 31, 2019
Mgmt For For
7 Approve Directors' Fees and Board
Committees' Allowances from January 1,
2020 Until the 55th AGM
Mgmt For For
8 Approve Directors' Remuneration (Excluding
Directors' Fees and Board Committees'
Allowances)
Mgmt For For
9 Approve PricewaterhouseCoopers PLT as
Auditors and Authorize Board to Fix Their
Remuneration
Mgmt For For
10 Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
Mgmt For For
Shennan Circuits Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Special
Primary Security ID: Y774D3102
Ticker: 002916
Primary ISIN: CNE100003373
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Provision of Guarantee Mgmt For For
2 Approve Repurchase and Cancellation of
Performance Shares
3 Amend Articles of Association
Mgmt
Mgmt
For
For
For
For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Southwest Securities Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8103U105
Ticker: 600369
Primary ISIN: CNE0000016P6
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Allocation of Income and
Capitalization of Capital Reserves
Mgmt For For
5 Approve Annual Report and Summary Mgmt For For
6 Approve Proprietary Investment Scale Mgmt For For
APPROVE DAILY RELATED PARTY
TRANSACTIONS
Mgmt
7.1 Approve Related Party Transactions with
Various Companies
Mgmt For For
7.2 Approve Related Party Transactions with
Chongqing Jiangbeizui Central Business
District Investment Group Co., Ltd.
Mgmt For For
7.3 Approve Related Party Transactions with
China Jianyin Investment
Mgmt For For
7.4 Approve Related Party Transactions with
Chongqing City Construction Investment
(Group) Co., Ltd.
Mgmt For For
7.5 Approve Related Party Transactions with
Chongqing Expressway Group Company Ltd.
Mgmt For For
7.6 Approve Related Party Transactions with
Other Related Party not mentioned above
Mgmt For For
ELECT NON-INDEPENDENT DIRECTORS AND
INDEPENDENT DIRECTORS
Mgmt
8.1 Elect Liao Qingxuan as Non-Independent
Director
SH For Against
Blended Rationale: Diversity: A vote against is applied as LGIM expects a company to have a diverse board, including at least
one woman. We expect companies to increase female participation both on the board and in leadership positions over time.
8.2 Elect Wu Jian as Non-Independent Director SH For For
8.3 Elect Zhang Chunyong as Non-Independent
Director
SH For For
8.4 Elect Peng Zuofu as Non-Independent
Director
SH For For
8.5 Elect Zhang Gang as Non-Independent
Director
SH For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Southwest Securities Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
8.6 Elect Wan Shubin as Non-Independent SH
Director
8.7 Elect Zhao Rubing as Independent Director SH
For
For
For
For
8.8 Elect Luo Wei as Independent Director SH
For
For
8.9 Elect Fu Daqing as Independent Director SH
For
For
ELECT SUPERVISORS Mgmt
9.1 Elect Ni Yuemin as Supervisor
SH For
For
9.2 Elect Xu Ping as Supervisor
SH For
For
Taiwan Business Bank
Meeting Date: 05/29/2020 Country: Taiwan
Meeting Type: Annual
Primary Security ID: Y8414R106
Ticker: 2834
Primary ISIN: TW0002834009
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Financial Statements
Mgmt
For
For
2 Approve Plan on Profit Distribution Mgmt For For
3 Approve the Issuance of New Shares by
Capitalization of Profit
Mgmt For For
4 Approve Amendments to Articles of
Association
Mgmt For For
5 Approve Amendments to Rules and
Procedures Regarding Shareholders' General
Meeting
Mgmt For For
Tianfeng Securities Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y8817L102
Ticker: 601162
Primary ISIN: CNE100003F43
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Tianfeng Securities Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Report of the Board of Directors Mgmt For For
2 Approve Report of the Board of Supervisors
Mgmt
For
For
3 Approve Annual Report
Mgmt
For
For
4 Approve Financial Statements
Mgmt
For
For
5 Approve Profit Distribution
Mgmt
For
For
6 Approve Appointment of Auditor
Mgmt
For
For
7 Approve Daily Related Party Transactions
Mgmt
For
For
8 Approve Proprietary Investment Scale
Mgmt
For
For
9 Approve Remuneration of Directors
Mgmt
For
For
10 Approve Remuneration of Supervisors
Mgmt
For
For
Walsin Lihwa Corp.
Meeting Date: 05/29/2020 Country: Taiwan
Meeting Type: Annual
Primary Security ID: Y9489R104
Ticker: 1605
Primary ISIN: TW0001605004
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Business Report and Financial
Statements
Mgmt
For
For
2 Approve Profit Distribution Mgmt For For
3 Amend Articles of Association Mgmt For For
4 Amend Trading Procedures Governing
Derivatives Products
Mgmt For For
5 Amend Rules and Procedures Regarding
Shareholder's General Meeting
Mgmt For For
ELECT NON-INDEPENDENT AND
INDEPENDENT DIRECTORS VIA CUMULATIVE
VOTING
Mgmt
6.1 Elect Yu Lon Chiao, with SHAREHOLDER
NO.9230, as Non-Independent Director
Mgmt For For
6.2 Elect Patricia Chiao, with SHAREHOLDER
NO.175, as Non-Independent Director
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Walsin Lihwa Corp.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
6.3
Elect Yu Cheng Chiao, with SHAREHOLDER
NO.172, as Non-Independent Director
Mgmt
For
For
6.4 Elect Yu Heng Chiao, with SHAREHOLDER
NO.183, as Non-Independent Director
Mgmt For For
6.5 Elect Wei Shin Ma, with SHAREHOLDER
NO.245788, as Non-Independent Director
Mgmt For For
6.6 Elect a Representative of Chin Xin Investment
Co., Ltd, with SHAREHOLDER NO.16300, as
Non-Independent Director
Mgmt For Against
Blended Rationale: A vote AGAINST the non-independent director nominee Chin-Xin Investment Co., Ltd. under Item 6.6 is
warranted since the company has failed to disclose sufficient information such as the identity of the actual individual who will
serve on the board, which limits shareholders' ability to assess the quality of the representative.
6.7 Elect Andrew Hsia, with SHAREHOLDER
NO.A100893XXX, as Non-Independent
Director
Mgmt For For
6.8 Elect Ming Ling Hsueh, with SHAREHOLDER
NO.B101077XXX, as Independent Director
Mgmt For For
6.9 Elect King Ling Du, with SHAREHOLDER
NO.D100713XXX, as Independent Director
Mgmt For For
6.10 Elect Shiang Chung Chen, with
SHAREHOLDER NO.A122829XXX, as
Independent Director
Mgmt For For
6.11 Elect Fu Hsiung Hu, with SHAREHOLDER
NO.A103744XXX, as Independent Director
Mgmt For For
7 Approve Release of Restrictions of
Competitive Activities of Yu Lon Chiao
Mgmt For For
8 Approve Release of Restrictions of
Competitive Activities of Yu Cheng Chiao
Mgmt For For
9 Approve Release of Restrictions of
Competitive Activities of Yu Heng Chiao
Mgmt For For
10 Approve Release of Restrictions of
Competitive Activities of Wei Shin Ma
Mgmt For For
11 Approve Release of Restrictions of
Competitive Activities of Representative of
Chin Xin Investment Co., Ltd
Mgmt For Against
Blended Rationale: A vote AGAINST Item 11 is warranted because the election of the director in question do not warrant
shareholder support.
12 Approve Release of Restrictions of
Competitive Activities of Andrew Hsia
Mgmt For For
13 Approve Release of Restrictions of
Competitive Activities of Ming Ling Hsueh
Mgmt For For
14 Approve Release of Restrictions of
Competitive Activities of King Ling Du
Mgmt For For
15 Approve Release of Restrictions of
Competitive Activities of Shiang Chung Chen
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wuliangye Yibin Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9718N106
Ticker: 000858
Primary ISIN: CNE000000VQ8
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Annual Report
Mgmt
For
For
2 Approve Report of the Board of Directors Mgmt For For
3 Approve Report of the Board of Supervisors Mgmt For For
4 Approve Financial Statements Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Daily Related-party Transactions Mgmt For Against
Blended Rationale: Related party transaction: A vote AGAINST is warranted since:- The proposed related-party transactions
include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.-
There are inherent risks associated with the financial services to be provided under this proposal.
7 Approve Appointment of Auditor Mgmt For For
8 Approve Amendments to Articles of
Association
Mgmt For For
9 Approve Change in Usage and Implementing
Party of Raised Funds Investment Project
Mgmt For For
10 Amend Rules and Procedures Regarding
General Meetings of Shareholders
Mgmt For For
11 Amend Rules and Procedures Regarding
Meetings of Board of Directors
Mgmt For For
12 Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
Mgmt For For
13 Approve Comprehensive Budget Plan Mgmt For For
ELECT SUPERVISORS VIA CUMULATIVE
VOTING
Mgmt
14.1 Elect Liu Feng as Supervisor Mgmt For For
14.2 Elect Yang Ling as Supervisor Mgmt For For
Wuxi Lead Intelligent Equipment Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Annual
Primary Security ID: Y9717H100
Ticker: 300450
Primary ISIN: CNE100001ZF9
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wuxi Lead Intelligent Equipment Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1
Approve Report of the Board of Directors
Mgmt
For
For
2 Approve Report of the Board of Supervisors Mgmt For For
3 Approve Financial Statements Mgmt For For
4 Approve Annual Report and Summary Mgmt For For
5 Approve Profit Distribution Mgmt For For
6 Approve Report on the Occupation of
Company's Funds by Controlling Shareholders
and Other Related Parties as well as External
Guarantee Provision
Mgmt For For
7 Approve Remuneration of Directors and
Senior Management
Mgmt For For
8 Approve Appointment of External Auditor Mgmt For For
9 Approve Repurchase and Cancellation of
Performance Shares
Mgmt For For
10 Approve Decrease in Registered Capital Mgmt For For
11 Amend Articles of Association Mgmt For For
12 Approve Company's Eligibility for Private
Placement of Shares
Mgmt For For
APPROVE ISSUANCE OF SHARES VIA
PRIVATE PLACEMENT
Mgmt
13.1 Approve Issue Type and Par Value Mgmt For For
13.2 Approve Issue Manner and Period Mgmt For For
13.3 Approve Target Parties and Subscription
Manner
Mgmt For For
13.4 Approve Issue Price and Pricing Basis Mgmt For For
13.5 Approve Issue Scale Mgmt For For
13.6 Approve Restriction Period Arrangement Mgmt For For
13.7 Approve Amount and Usage of Raised Funds Mgmt For For
13.8 Approve Distribution Arrangement of
Undistributed Earnings
Mgmt For For
13.9 Approve Listing Location Mgmt For For
13.10 Approve Resolution Validity Period Mgmt For For
14 Approve Plan on Private Placement of Shares Mgmt For For
15 Approve Demonstration Analysis Report in
Connection to Private Placement
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Wuxi Lead Intelligent Equipment Co., Ltd.
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
16
Approve Feasibility Analysis Report on the
Use of Proceeds
Mgmt
For
For
17 Approve Commitment Regarding
Counter-dilution Measures in Connection to
the Private Placement
Mgmt For For
18 Approve Report on the Usage of Previously
Raised Funds
Mgmt For For
19 Approve Authorization of Board to Handle All
Related Matters
Mgmt For For
Yealink Network Technology Corp. Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Special
Primary Security ID: Y9750S104
Ticker: 300628
Primary ISIN: CNE100002PC5
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
1
Approve Adjustment of Repurchase Size and
Price of Initial Performance Shares
Mgmt
For
For
2 Approve Repurchase and Cancellation of
Initial Performance Shares
Mgmt For For
3 Approve Adjustment of Repurchase Size and
Price of Reserve Performance Shares
Mgmt For For
4 Approve Repurchase and Cancellation of
Reserve Performance Shares
Mgmt For For
5 Amend Articles of Association Mgmt For For
Yixintang Pharmaceutical Group Co., Ltd.
Meeting Date: 05/29/2020 Country: China
Meeting Type: Special
Primary Security ID: Y98815106
Ticker: 002727
Primary ISIN: CNE100001WJ8
Proposal
Number
Proposal Text
Proponent
Mgmt Rec
Vote
Instruction
1 Approve Lease of Property to Affiliated
Company
Mgmt For For
Vote Summary Report
Date range covered: 05/01/2020 to 05/31/2020
Yixintang Pharmaceutical Group Co., Ltd.
Proposal Vote
Number Proposal Text Proponent Mgmt Rec Instruction
2
Approve Use of 2017 Funds for Financial
Products
Mgmt
For
For
3 Approve Use of 2018 Funds for Financial
Products
Mgmt For For
4 Approve Use of Funds to Replenish Working
Capital
Mgmt For For
5 Approve Credit Line Application Mgmt For For