Rui Li Board Resolves Not to Proceed with Private Placement Approved at 2025 AGM
Rui Li's board of directors has decided not to proceed with the private placement of securities that was approved at the 2025 Annual General Meeting (AGM). The company had previously resolved to issue up to 30 million ordinary shares through private placement, to be conducted in two tranches. As the issuance period is nearing expiration, the company will report this decision to the 2026 AGM.
📋 Article Processing Timeline
- 📰 Published: May 11, 2026 at 09:00
- 🔍 Collected: May 12, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 12, 2026 at 19:00 (11h 0m after Collected)
Rui Li's board of directors resolved on May 11, 115 (2026) not to continue with the private placement of securities. This plan was initially approved by the shareholders at the 2025 AGM, authorizing the issuance of up to 30 million ordinary shares in two tranches. Due to the approaching expiry of the issuance period, the company will report to the 2026 AGM that it will not proceed with the remaining private placement.
FAQ
What decision did Rui Li's board make regarding the private placement?
The board resolved not to proceed with the private placement of securities that was approved at the 2025 AGM.
What was the original plan for the private placement?
To issue up to 30 million ordinary shares in two tranches.
Why is the company not proceeding with the private placement?
The issuance period is nearing expiration.
When will this decision be reported to shareholders?
The decision will be reported to the 2026 Annual General Meeting (AGM).