Sinovac Announces Privy Council Ruling on Board Election

Sinovac Biotech ( (SVA) ) has provided an announcement.

On January 16, 2025, Sinovac Biotech Ltd. announced a Privy Council judgment validating the election of a new board proposed by shareholders during the 2018 Annual General Meeting. The ruling invalidates the company’s Rights Agreement and is set to become effective after a court order. Sinovac’s outgoing board is committed to a smooth transition, emphasizing the company’s history of significant shareholder value creation, highlighted by its substantial contribution to the global COVID-19 vaccine effort with 2.9 billion doses delivered worldwide.

More about Sinovac Biotech

Sinovac Biotech Ltd. is a China-based biopharmaceutical company specializing in the research, development, manufacturing, and commercialization of vaccines. The company’s product portfolio includes vaccines for COVID-19, hepatitis A, influenza, and polio, among others. Sinovac has played a significant role in the global COVID-19 pandemic response with its CoronaVac® vaccine, which is approved in over 60 countries.

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