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China Jo-Jo Drugstores (CJJD)

Employees
Data from SEC filings
Employee count
Shareholder alignment
Proxy contests and exempt solicitations in last 3 years

No recent proxy contest or exempt solicitation filings from shareholders.

Vote support at last AGM


On July 19, 2021, China Jo-Jo Drugstores, Inc. (the “Company”) held a Special Meeting of Stockholders. A quorum was present at the meeting as required by the Bylaws of the Company, as amended. The final voting results for the only matter submitted to a vote of stockholders at the meeting are as follows, among which, the affirmative votes constitute 55.3% of the total 41,751,790 shares of the issued and outstanding common stock as of the record date of June 8, 2021. No broker non-votes were counted for the proposal.

A proposal to approve and adopt the agreement and plan of merger (the “Merger Agreement”) by and between the Company and China Jo-Jo Drugstores Holdings, Inc., an exempted company incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of the Company (“CJJD Cayman”), which included a plan of merger required to be filed with the Register of Companies of the Cayman Islands, substantially in the form as attached as Annex A to the Merger Agreement (the “Plan of Merger”), pursuant to which the Company will merge with and into CJJD Cayman, with CJJD Cayman as the surviving company upon the merger becoming effective, and whereby each issued and outstanding share of the common stock of the Company will be converted into the right to receive one ordinary share of CJJD Cayman (the “Redomicile Merger”).


ForAgainstAbstain
23,088,196313,1438,324


Pursuant to the foregoing votes, the Merger Agreement, the Plan of Merger and the Redomicile Merger contemplated thereunder were approved and adopted. The Company is proceeding with the completion of the Redomicile Merger and expects the transaction to become effective during the third quarter of the calendar year of 2021.

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