Asia Pacific Wire & Cable Corporation will organize year 2021


TAIPEI, Taiwan, Oct 26, 2021 (GLOBE NEWSWIRE) – Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) (the “Company”), a leading manufacturer of wire and cable products for the telecommunications and electric power in the Asia-Pacific region, today announced that the Company will hold its 2021 annual general meeting (the “Meeting”) for shareholders at its head office located in Room B, 15th Floor, No.77, Dunhua South Road, Section 2, Taipei, 106, Taiwan on Thursday, December 23, 2021 at 9 a.m. EDT.

The Meeting is being held for the purposes below, and additional information, including the agenda of all matters put to a shareholder vote, will be provided in the Notice of Meeting (the “Notice of Meeting”) and the related proxy circular to be provided to shareholders. As of the date hereof, the agenda is intended to include for the shareholders’ vote the questions set out below. The Company reserves the right to finalize the meeting agenda at its discretion.

  1. Approve the minutes of the last annual general meeting of shareholders of the Company held on September 18, 2020
  2. Approve the minimum number of mandates for two (2) and the maximum number of mandates for nine (9)
  3. To elect up to nine (9) directors
  4. Approve the compensation to be paid to each of the directors
  5. To present to the Meeting the audited financial statements of the Company for the fiscal year ended December 31, 2020
  6. Approve the appointment of PricewaterhouseCoopers Taiwan as independent auditor of the Company for the financial year 2021, and authorize the Board of Directors of the Company acting through its Audit Committee to determine the remuneration of the independent auditors for fiscal year 2021
  7. Consider any other matter that may be submitted to shareholders in an appropriate manner

It is expected that the registration date for shareholders wishing to vote at the Meeting will be set for November 5, 2021. All shareholders registered on the registration date will be entitled to one vote per share on all matters submitted to shareholders at the Meeting, all as will be further described in the notice of meeting and related proxy circular which will be provided to registered shareholders.

Shareholders who cannot attend the Meeting in person will be invited to participate by conference call by calling the Meeting on one of the conference call numbers indicated in the Notice of Meeting.

About Asia Pacific Wire & Cable Corporation

Asia Pacific Wire & Cable Corporation is mainly engaged in the manufacture and distribution of telecommunications products (copper and optical fiber) and electrical cables and enamelled wires in the Asia-Pacific region, mainly in Thailand, China, Singapore and in Australia. The Company manufactures and distributes its own wire and cable products and also distributes wire and cable products manufactured by its major shareholder, Pacific Electric Wire & Cable Company, a Taiwanese company. The Company also provides project engineering services in the supply, delivery and installation (“SDI”) of electrical cables to some of its customers.

Safe Harbor Declaration

This press release contains certain “forward-looking statements” relating to the Company, its activities and its subsidiaries. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “anticipates”, “expects”, “believes”, “intends”, “plans” or expressions similar. Such forward-looking statements involve known and unknown risks and uncertainties which may cause actual results to differ materially from those described in this document as being supposed, anticipated, expected, estimated, wanted or planned. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The actual results of the Company could differ materially from those anticipated in these forward-looking statements due to various factors, including those discussed in the Company’s periodic reports which are filed with the Securities and Exchange Commission and available on its website ( www. sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by such factors other than those required by securities laws. The Company assumes no obligation to update these forward-looking statements.

Contact:
Investor Relations Contact:
Skyline Corporate Communications Group, LLC
Lisa Gray, Senior Account Manager
One Rockefeller Plaza, 11th Floor
New York, New York 10020
Office: (646) 893-5835
E-mail: [email protected]


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