U Power Limited Shareholders Approve Major Resolutions

U Power Limited (UCAR) has released an update.

U Power Limited recently conducted its 2024 Annual General Meeting, where shareholders voted on key resolutions including a restructuring of the company’s share capital and the adoption of a revised set of corporate governance documents. The restructuring will result in a new class of shares with different voting rights and the authorised share capital will be divided into two classes of ordinary shares. Both resolutions were passed with a majority of votes in favor, setting the stage for U Power’s future corporate strategy and governance.

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