GLOBAL LOCK SAFETY GROUP CO LTD 
By Opening New Chapter and Creating New Future
- Congratulation on the success of the 1st Annual General Meeting(AGM) of Global Lock Group
(Shenzhen, China): On July 18, 2012 the 1st AGM of Global Lock Safety (International) Group Limited (BVI) was successfully held in VIP Conference Room of Shenzhen Kylin Villa Conference Center. There are over 100 participants related to shareholders, proxy representative and HQ employee of Global Lock attending the AGM as scheduled time.
First of all, Mr. Moxiang LI-the Group Chairman made a welcoming remarks. At the AGM, Mr. Li reviewed the past se3ven years development of the company. He said, . " We are one micro-companies at the early days with only five-persons. We focused on the production of security products as main business. At that time the company was difficult to break new ground for further development due to competitive products and red sea of the market environment . The company did not enter its correct track of the continuous development and expansion until the company transit into the new business model to provide the security services and solutions. I have always believed that this is a sunrise industry with great development potentials. " Mr. Li said that in order to have a better development, we have combined with our own situation and we have sorted and adjusted the group strategy. We have attracted a number of senior management personnel. They have brought their new ideas and new methods for the further improvement of the company structures and the healthy development of the company.. We have set up the next three years development plans based on the actual situation of the company. These new strategic development plans are made on scientific and rational base. Mr. Li stressed that we are still facing , many difficulties and the Group need to overcome these difficulties step by step. He hopes that all the shareholders and employee of the Group shall consolidate together, cooperate mutually with joint efforts, as well as they shall offer their ideas to make Global Lock Group become one more powerful group and international listed companies with top one brand of security and protection services in China..
Then, Mr. Wang Jianbin- Chief Operating Officer made presentation of the Group development status. He said that up till today, the Global Lock has set up the top one brand of security and protection in China with no doubts. After its six years accumulations, the peer companies are copy the business mode of Global Lock but they still have a long way to go and reach us. This is required not only the business mode and funds but also the long-term experience accumulations of capital and experiences in the same industry. We have filled the hardworking in the past time. We have made each step stable because of the contribution of the past hardworking and efforts. Mr. Wang believe that Global Lock will have more stable, fast and healthy development in the near future. We will try our best to make all the shareholders more return of their investment.
Mr. Ye Chengyi-Chief Executive Officer of the Group briefed the next strategy of development of Global Lock. Mr. Ye said that we will: (1) to restructure of the organizational chart; (2) to set up the company culture with the most effective democratic and recognized spirits. (3) to strengthen the existing business model for further optimization, to improve the incentive system for survival of the fittest and to create one most efficient business core team. (4) to have the effective integration of domestic and overseas strategic partners and have the most effective application of government resources. (5) to make further integration of the existing and valid customer resources, and provide the value-added and a multi-faceted services to these customers. We will set up the e-commercial service platform and create one Global Lock IT system for these customs to require Global Lock, make these customers benefit from Global Lock and dependent on Global Lock in the near future. We hope to achieve the mutual results of the common creating, sharing and win-win situations. Thank each shareholders for your long time support and trusts to Global Lock. We will take the high responsibility and mission and put into the further development of Global Lock. Mr. Ye believes that the Global Lock tomorrow will be more bright and brilliant.
At the AGM, Mr. Jiang Hualiang(Jim)- Vice President and CFO made the explanations to all the shareholders queries concerned. All the shareholders who have questions are satisfied with Mr. Jiang's answers.
shareholders at today's AGM have been passed by the requisite majorities.
The Five Regular Resolutions:
to approve the annual report and accounts for 2010;
to approve the annual report and accounts for 2011;
c) to re-elect UK UHY Hacker Young LLP ( address: Quadrant House, 4 Thomas More Square, London, E1W 1YW) as auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting at which accounts are laid before the Compan
d)to authorise the Directors to agree the auditors remuneration.
e) to authorise the Directors to issue up to 5 million shares of no par value each ("Ordinary Shares") in accordance with Regulation 2.4(a) of the Company's Articles of Association (the "Articles") to certain Directors and employees of the Company or any of its subsidiaries by way of a bonus incentivisation;
