China Energy Storage Technology Development Ltd. has announced a proxy proposal to refresh the Scheme Mandate Limit, which will be voted on at the upcoming extraordinary general meeting (EGM). The proposal would allow the company to issue new share options and awards representing up to 10% of the company's issued shares. The board recommends that shareholders vote in favor of the proposal, considering it fair, reasonable, and in the best interests of the company and its shareholders as a whole.
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