CN

2018 Annual Shareholders Meeting of Putailai was Successfully held

Date:2020-09-24 18:52

Shanghai Putailai New Energy Technology Co., Ltd held its 2018 Annual Shareholders Meeting on April 2, 2019 in the conference hall of Novotel Shanghai Hotel. All members of the board of directors: Mr. Feng Liang, chairman of the board, Mr. William Chen, GM, Dr. Zhongwei Han, secretary of the board of directors and chief financial officer, Dr. Huaifang Wang and Mr. Bin Yuan, independent directors participated this meeting. The supervisors of the company and the principals of each business segment also attended the meeting.

2018gddh.jpg

This shareholders meeting was convened and presided over by chairman Liang. The meeting reviewed and summarized the work of board of directors in 2018 and the overall operation and laid out the business plan and development for the year 2019.  In 2019, Putailai will continue to grasp the opportunities of industrial development, expand the team of key technical talents, pay more attention to the development of products and process technologies, build intelligent manufacturing production bases with advanced manufacturing capabilities, effectively expand production capacity, properly develop the industrial chain, extend and integrate to further enhance industrial agglomeration and synergy, improve comprehensive competitiveness and market share, and create greater value for shareholders and society.

At the same time, in order to further effectively alleviate the bottleneck of production capacity and plan the future development, Putailai tends to issue convertible bonds through public offering with a total amount of not-more-than 870 million RMB for “High-Safety Functional Separator Coating Production Base for Lithium-ion Batteries” and “Annual Production of 30,000 Tons of High-performance Lithium-ion Battery Anode Materials (Carbonization and Other Major Processes)". Those proposals and supplementary liquidity proposal were submitted to the shareholders meeting for motion.

2018gddh2.jpg

Under the joint witness of the participating investors, lawyers and investment research institutions, this shareholders meeting deliberated and approved 15 proposals, including  2018 Report on the Work of the Board,2018 Annual Report,2018 Annual Report Summary, 2018 Profit Distribution Plan, Proposal on the Putailai Issue Convertible Bonds through Public Offering. 


CORE VALUES

The Lithium-ion battery market is the key sector related to clean energy, energy saving and high-efficiency energy storage industry. We focus on lithium-ion batteries’ key materials and automation process equipment and are committed to becoming comprehensive solution provider with the leading advantages of technology and scale.