SHANGHAI, July 3, 2012 /PRNewswire-Asia/ -- China Precision Steel Inc. (NASDAQ: CPSL), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, announced that it held its 2012 Annual General Meeting of Stockholders (the "AGM") at 10:00 am on June 29, 2012 (10:00 pm EDT on June 28, 2012), in Hong Kong. Each of the proposals submitted for shareholder approval, as set out in the Company's definitive Proxy Statement filed on May 5, 2012, was approved.
Specifically, the shareholders:
About China Precision Steel
China Precision Steel, Inc. is a niche precision steel processing company principally engaged in the production and sale of high precision, cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon, hot-rolled steel strips. China Precision Steel's high precision, ultra-thin, high strength (7.5 mm to 0.05 mm) cold-rolled steel products are mainly used in the production of automotive components, food packaging materials, saw blades and textile needles. The Company primarily sells to manufacturers in the People's Republic of China and is expanding into overseas markets such as Nigeria, Thailand, Indonesia and the Philippines. China Precision Steel was incorporated in 2002 and is headquartered in Sheung Wan, Hong Kong. Additional information can be found at the Company's website http://chinaprecisionsteelinc.com.
Leslie J. Richardson, Partner
SOURCE China Precision Steel Inc.