Summary by Moomoo AI
TIANCHI LITHIUM CO., LTD. CONVENED THE BOARD OF DIRECTORS ON MARCH 27, 2024 TO APPROVE A MOTION TO EXTEND THE GENERAL MANDATES FOR H SHARES OF THE COMPANY. In order to meet the Company's business development needs, the Board of Directors and the Chairman of the Board of Directors shall decide to issue H Shares or related securities of no more than 20% of the total issued shares. The authorization includes the terms and conditions governing the issuance of new shares, such as the class of shares, the number, the pricing method, the issue date, etc. The general mandate is valid until 12 months after the approval of the 2023 General Meeting, the end of the 2024 General Meeting, or the date on which the Shareholders' Meeting revokes or amends the authorization. The expansion plan is still subject to submission for consideration at the 2023 General Meeting.