{"id":867729,"date":"2025-07-09T01:20:09","date_gmt":"2025-07-09T05:20:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sinovac-shareholders-vote-to-remove-current-directors-and-elect-saif-partners-nominees-to-board-at-special-meeting\/"},"modified":"2025-07-09T01:20:09","modified_gmt":"2025-07-09T05:20:09","slug":"sinovac-shareholders-vote-to-remove-current-directors-and-elect-saif-partners-nominees-to-board-at-special-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sinovac-shareholders-vote-to-remove-current-directors-and-elect-saif-partners-nominees-to-board-at-special-meeting\/","title":{"rendered":"Sinovac Shareholders Vote to Remove Current Directors and Elect SAIF Partners Nominees to Board at Special Meeting"},"content":{"rendered":"

<\/p>\n

Sinovac Shareholders Vote to Remove Current Directors and Elect SAIF Partners Nominees to Board at Special Meeting<\/b><\/p>\n

Shareholders Voted to Approve Both SAIF Partners Proposals at Special Meeting<\/i><\/p>\n

Newly Elected Directors Are Committed to Support and Execute the Announced Payout of Dividends and Unlock Sinovac\u2019s Long-Term Value for All Shareholders Through the Resumption of Trading of Sinovac\u2019s Common Shares<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nSAIF Partners IV L.P., (\u201cSAIF Partners\u201d, \u201cwe\u201d or \u201cus\u201d), today announced that Sinovac Biotech Ltd. (\u201cSinovac\u201d or the \u201cCompany\u201d) shareholders voted to approve SAIF Partners\u2019 proposals to remove the Company\u2019s incumbent directors and to elect SAIF Partners\u2019 slate of ten highly qualified director nominees to the Board of Directors (the \u201cBoard\u201d) at Sinovac\u2019s Special Meeting of Shareholders (the \u201cSpecial Meeting\u201d).<\/p>\n

\nOn July 8, 2025, at 8:00 p.m. Atlantic Standard Time, Sinovac\u2019s incumbent Chairman Chiang Li convened, then immediately purported to adjourn, the Special Meeting without allowing shareholders to participate. SAIF Partners representatives, alongside those of other shareholders, had arrived at the Special Meeting intending to participate in the meeting.<\/p>\n

\nSubsequently, the shareholder representatives present convened a continuation of the Special Meeting, chaired by incumbent Sinovac Director Mr. Yuk Lam Lo, the only remaining director on the incumbent Board approved by Privy Council. During the Special Meeting, Sinovac\u2019s shareholders voted to approve both of SAIF Partners\u2019 proposals, based on a tabulation of votes cast on SAIF Partners\u2019 gold proxy card and the Company\u2019s white proxy card.<\/p>\n

\nThe newly elected directors of the Company are committed to supporting and executing Sinovac\u2019s announced payout of dividends and working closely with Sinovac\u2019s management to unlock long-term value for all shareholders by pursuing the resumption of trading of the Company\u2019s common shares to help Sinovac realize its tremendous potential.<\/p>\n

About SAIF Partners<\/b><\/p>\n

\nSAIF Partners is a leading Asian private equity firm with cumulative assets under management of over $4 billion. SAIF Partners is an active lead investor working closely with its portfolio companies to develop their business both organically and through acquisitions, seeking synergistic cooperation among them, as well as enhancing shareholder value via promotion of good corporate governance and best management practices.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250708978710\/en\/<\/a><\/span><\/p>\n

Media Contacts
\n<\/b>
Jonathan Gasthalter\/Mark Semer\/Grace Cartwright
\n
Gasthalter & Co.
\n
+1 (212) 257 4170
\n
SAIF@gasthalter.com<\/a><\/p>\n

Investor Contacts
\n<\/b>
Paul Schulman\/Bill Dooley\/Jon Eyl
\n
Sodali & Co.
\n
+ 1 (203) 658-9400
\n
SAIF@info.sodali.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Canada New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Asset Management Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Sinovac Shareholders Vote to Remove Current Directors and Elect SAIF Partners Nominees to Board at Special Meeting Shareholders Voted to Approve Both SAIF Partners Proposals at Special Meeting Newly Elected Directors Are Committed to Support and Execute the Announced Payout of Dividends and Unlock Sinovac\u2019s Long-Term Value for All Shareholders Through the Resumption of Trading of Sinovac\u2019s Common Shares NEW YORK–(BUSINESS WIRE)– SAIF Partners IV L.P., (\u201cSAIF Partners\u201d, \u201cwe\u201d or \u201cus\u201d), today announced that Sinovac Biotech Ltd. (\u201cSinovac\u201d or the \u201cCompany\u201d) shareholders voted to approve SAIF Partners\u2019 proposals to remove the Company\u2019s incumbent directors and to elect SAIF Partners\u2019 slate of ten highly qualified director nominees to the Board of Directors (the \u201cBoard\u201d) at Sinovac\u2019s Special Meeting of Shareholders (the … <\/p>\n

Continue reading “Sinovac Shareholders Vote to Remove Current Directors and Elect SAIF Partners Nominees to Board at Special Meeting”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-867729","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSinovac Shareholders Vote to Remove Current Directors and Elect SAIF Partners Nominees to Board at Special Meeting - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sinovac-shareholders-vote-to-remove-current-directors-and-elect-saif-partners-nominees-to-board-at-special-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sinovac Shareholders Vote to Remove Current Directors and Elect SAIF Partners Nominees to Board at Special Meeting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sinovac Shareholders Vote to Remove Current Directors and Elect SAIF Partners Nominees to Board at Special Meeting Shareholders Voted to Approve Both SAIF Partners Proposals at Special Meeting Newly Elected Directors Are Committed to Support and Execute the Announced Payout of Dividends and Unlock Sinovac\u2019s Long-Term Value for All Shareholders Through the Resumption of Trading of Sinovac\u2019s Common Shares NEW YORK–(BUSINESS WIRE)– SAIF Partners IV L.P., (\u201cSAIF Partners\u201d, \u201cwe\u201d or \u201cus\u201d), today announced that Sinovac Biotech Ltd. 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