NIO to hold an Annual General Meeting of shareholders on August 25 in Shanghai

Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | Twitter

The EV maker NIO announced Tuesday that it will hold an annual general meeting (AGM) of shareholders at 10:30 am, Beijing time, on August 25 at Building 16, No. 56 AnTuo Road, Shanghai to pass the Proposed Resolutions set forth in the Notice of AGM.

“Holders of the Company’s American depositary shares (ADS) as of the close of business on July 22, 2022 (New York time) who wish to exercise their voting rights for the underlying Class A ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas”, NIO said. Check below the voting materials published by the company.

Notice of Meetings

• Notice of 2022 Annual General Meeting (including exhibit A, the proposed 13th amended and restated memorandum and articles of association of the Company)
• Notice of 2022 Class C Meeting
• Notice of 2022 Class A Meeting

Voting Materials

• For holders of the Company’s ordinary shares:
  • AGM Proxy Form
  • Class C Meeting Proxy Form
  • Class A Meeting Proxy Form
• For holders of the Company’s American Depositary Shares:
  • ADS Holder Proxy Card for AGM and Class A Meeting
• For NIO CDP Depositors:
  • AGM Depositor Proxy Form
  • Class A Meeting Depositor Proxy Form

NIO Statement

“The Company will hold a class meeting of holders of the Class C ordinary shares with a par value of US$0.00025 each (the “Class C Meeting”) and a class meeting of holders of Class A ordinary shares with a par value of US$0.00025 each (the “Class A Meeting”) for the purposes of considering and, if thought fit, passing the Class-based Resolution set forth respectively in the notice of each of the Class C Meeting and the Class A Meeting.

Each of the Class C Meeting and the Class A Meeting will be held at the same venue and on the same date as the AGM, with the Class C Meeting to be held at 10:00 a.m. (Beijing time) and the Class A Meeting at 10:15 a.m. (Beijing time) (or soon after the Class C Meeting). The notice and form of proxy for each of the Class C Meeting and the Class A Meeting are available on the Company’s website at https://ir.nio.com.

Holders of record of ordinary shares of the Company at the close of business on Friday, July 22, 2022 (Hong Kong time) are entitled to attend and vote at the AGM or any adjournment or postponement thereof, and, as applicable, the Class C Meeting or the Class A Meeting.

Holders of Class A ordinary shares which are held through (either directly or through depository agents) securities accounts maintained with The Central Depository (Pte) Limited (Singapore) (the “NIO CDP Depositors”) may provide instructions as to voting, or abstentions from voting, or be appointed as CDP’s proxy to attend and cast votes at the AGM and/or Class A Meeting. NIO CDP Depositors may refer to the Notice of AGM for further information on attendance and voting arrangements”.

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Last week, Deutsche Bank analyst Edison Yu was among the guests at the China EV Ride & Drive event held last week in Oslo (Norway) where he had the opportunity to test drive many Chinese EV models and to participate in a virtual roundtable with NIO‘s CFO Steven Feng.

In his most recent customer note, Yu said that the company will enter all four markets scheduled for the coming months with the ET7 sedan, something that had only been confirmed for Germany – and the Dutch Market through a later deleted tweet.

“Later this year, NIO will officially enter 4 more markets including Germany, Holland, Denmark, and Sweden with its flagship ET7 sedan, accompanied by battery swap stations and greater local hiring,” the analyst said.

Last week, the company posted two job vacancies on LinkedIn for its Purchasing team in Hungary namely a Senior Buyer and an Indirect Spend Buyer. Both of them will have the responsibility of driving “procurement activities primarily in areas of plant related services as well as production material”.

Meanwhile, the company is already preparing for the second phase of its European expansion into eight new countries: Austria, Belgium, France, Hungary, Italy, Spain, Switzerland, and Portugal. During the last NIO day — held in December 2021 — the EV maker confirmed its plan to expand its services to 25 markets by 2025.

Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | Twitter

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