JBDI Holdings Announces Results of Annual General Meeting
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On the day this news was published, JBDI declined 6.86%, reflecting a notable negative market reaction.
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SINGAPORE, June 13, 2025 (GLOBE NEWSWIRE) -- JBDI Holdings Limited (“JBDI” or the “Company”) (Nasdaq: JBDI), a Singapore-based company, today announced that all the proposed resolutions submitted for shareholder approval set out in the notice of its Annual General Meeting (“AGM”) were duly adopted at the meeting held on June 9, 2025, at the Company’s offices located at 34 Gul Crescent, Singapore 629538.
Appointment of Board of Directors
At the AGM, shareholders approved and ratified the appointment of following five (5) persons to serve as directors of the Corporation in their respective capacities until the next annual meeting of Members and thereafter until their successors shall have been elected and qualified:
- Mr. Lim Chwee Poh, CEO and an Executive Director
- Mr. Liang Zhaorong, CFO and an Executive Director
- Mr. Han Yee Yen, an independent non-executive director
- Mr. Chan Chin Hoong, an independent non-executive director
- Mr. Soh Kar Liang, an independent non-executive director
Ratification of Appointment of YCM CPA Inc.
At the AGM, shareholders approved and ratified the appointment of YCM CPA Inc. as the Corporation’s independent registered public accounting firm for the fiscal year ending May 31, 2025.
About JBDI Holdings Limited
JBDI Holdings Limited is a leading provider of environmentally friendly and efficient products and services, specializing in the revitalization, reconditioning, and recycling of drums and related containers in Singapore and across Southeast Asia. With nearly four decades of industry experience, JBDI Holdings has established a strong reputation for quality and reliability, offering a wide range of reconditioned steel and plastic drums, new containers, and ancillary services. Our mission is to help our customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs. For more information, please visit http://jbdi.barrels.com.sg/
Safe Harbor Statement
This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
Company Contact:
Zhaorong Liang
Tel: +65 6861 4150
Email: Zhaorong.liang@eugroup.com.sg
FAQ
What were the key resolutions approved at JBDI Holdings' 2025 AGM?
Who are the current board members of JBDI Holdings after the 2025 AGM?
When and where was JBDI Holdings' 2025 Annual General Meeting held?
Who is the appointed auditor for JBDI Holdings for fiscal year 2025?
