NIO Inc. Class A (HK:9866) has released an update.
NIO Inc. has successfully passed all proposed resolutions in its 2024 Annual General Meeting, as per the announcement made on June 25, 2024. Shareholders are reminded of the weighted voting rights structure, with Class A shares having one vote each and Class C shares carrying eight votes each. The company stresses the importance of recognizing the risks associated with the weighted voting structure for potential investors.
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