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[Fitipower] Announcement of Important Resolutions of the 115th Annual General Meeting

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AI Summary (NQ-processed)

Fitipower held its Annual General Meeting on May 29, 115, approving the 114 fiscal year financial reports and dividend distribution. Additionally, the company passed resolutions for a private placement of common shares and the removal of non-compete restrictions for directors.

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Frequently Asked Questions

Q: What is the purpose of Fitipower's private placement?
A: While specific details were not disclosed, private placements are typically used to raise capital for R&D, working capital, or strategic investments.