Summary by Futu AI
NEW FOCUS AUTOMOTIVE TECHNOLOGY HOLDINGS LIMITED (“NEW FOCUS”) WILL HOLD ITS ANNUAL GENERAL MEETING IN SHANGHAI ON JUNE 28, 2024 TO DISCUSS GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES, RE-ELECTION OF RETIRING DIRECTORS, ETC. THE COMPANY HAS ISSUED A CIRCULAR TO SHAREHOLDERS DETAILING THE AGENDA OF THE MEETING AND RELATED RESOLUTIONS AND ATTACHING A PROXY FORM. If shareholders are unable to attend, they may appoint representatives to participate and vote. The new focus underlines that this authorization will allow the company the flexibility to issue and repurchase shares in order to act in the best interests. In addition, the Company will suspend the registration of shares from 21 to 28 June. THE BOARD RECOMMENDS THAT SHAREHOLDERS APPROVE ALL MOTIONS AS IT CONSIDERS THAT THIS IS IN THE OVERALL BEST INTERESTS OF THE COMPANY AND SHAREHOLDERS.