U Power (NASDAQ: UCAR) board cancels scheduled Extraordinary General Meeting
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
U Power Limited filed a report as a foreign private issuer to inform investors that its previously scheduled Extraordinary General Meeting of Shareholders on 19 May 2026 in Shanghai has been cancelled. The board resolved the cancellation under Article 72 of the company’s memorandum and articles of association.
The meeting will not proceed on the planned date, and any proxies submitted for that meeting are now void. Shareholders with questions about the cancellation are invited to contact the company directly.
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Key Figures
Original meeting date and time: 22:30 Beijing time on 19 May 2026
Cancellation notice date: 12 May 2026
Report signature date: 14 May 2026
+1 more
4 metrics
Original meeting date and time
22:30 Beijing time on 19 May 2026
Scheduled time for the Extraordinary General Meeting before cancellation
Cancellation notice date
12 May 2026
Date on the Notice of Cancellation of Extraordinary General Meeting
Report signature date
14 May 2026
Date the report was signed on behalf of U Power Limited
Commission File Number
001-41679
SEC file reference for U Power Limited as a foreign private issuer
Key Terms
Form 6-K, foreign private issuer, Extraordinary General Meeting, Article 72, +1 more
5 terms
Form 6-K regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
Extraordinary General Meeting financial
"Notice of Cancellation of the Extraordinary General Meeting of Shareholders"
Article 72 regulatory
"pursuant to Article 72 of the memorandum and articles of association"
memorandum and articles of association regulatory
"pursuant to Article 72 of the memorandum and articles of association of the Company"
Memorandum and articles of association are the founding legal documents of a company: the memorandum sets out the company’s basic purpose and scope, while the articles act as its internal rulebook detailing how the company is run, who has what powers, and how decisions are made. For investors these documents matter because they define ownership rights, voting rules, limits on activities, and procedures for major changes—like a contract and rulebook that determine how their investment can be used and protected.
FAQ
What did U Power Limited (UCAR) announce in this Form 6-K?
U Power Limited announced the cancellation of its previously scheduled Extraordinary General Meeting of Shareholders. The board resolved, under Article 72 of its memorandum and articles, that the meeting will not proceed and notified shareholders via a formal notice attached to the report.
When was U Power Limited’s Extraordinary General Meeting originally scheduled?
The Extraordinary General Meeting was originally scheduled for 22:30 Beijing time on 19 May 2026 in Shanghai. The notice confirms that this meeting will no longer take place on that date following a board resolution to cancel it in accordance with the company’s governing documents.
What happens to proxies already submitted for U Power Limited’s cancelled meeting?
Any proxies submitted for the cancelled Extraordinary General Meeting are stated to be of no further force or effect. Shareholders who had returned proxy forms for the 19 May 2026 meeting do not need to take additional action regarding those now-void instructions.
On what basis did U Power Limited’s board cancel the Extraordinary General Meeting?
The board cancelled the Extraordinary General Meeting pursuant to Article 72 of the company’s memorandum and articles of association. The notice explains that the directors passed a resolution under this provision, which authorizes them to cancel the previously convened shareholder meeting.
Who signed the notice cancelling U Power Limited’s Extraordinary General Meeting?
The notice of cancellation was signed by Jia Li as a director of U Power Limited. In the accompanying report, Jia Li also signs in the capacity of Chief Executive Officer, indicating executive and board-level authorization for communicating the cancellation to shareholders.