U Power Limited (UCAR) has released an update.
U Power Limited has announced its upcoming Annual General Meeting (AGM) scheduled for August 13, 2024, which will be held in Shanghai and accessible virtually for shareholders. The agenda includes a special resolution to restructure the company’s share capital, creating Class A and Class B shares with differentiated voting rights, and the adoption of the Second Amended and Restated Memorandum and Articles of Association. Shareholders are encouraged to vote on these matters electronically or via proxy, with management recommending a vote ‘FOR’ the proposed changes.
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