CBAK Energy Files 2024 Proxy Statement

TL;DR

CBAK Energy filed its 2024 proxy statement. Shareholders vote on company matters.

AI Summary

CBAK Energy Technology, Inc. filed a Definitive Proxy Statement (DEF 14A) on October 11, 2024, for the fiscal year ending December 31, 2024. The filing provides information related to the company's governance and shareholder matters. The company is incorporated in Nevada and headquartered in Dalian, China.

Why It Matters

This filing is crucial for shareholders as it outlines important information regarding upcoming shareholder meetings, director elections, and other corporate governance matters that could impact their investment.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing, which is standard corporate disclosure and does not inherently present new risks.

Key Players & Entities

• CBAK Energy Technology, Inc. (company) — Registrant
• 0001213900-24-087244.txt (document) — Filing identifier
• 20241011 (date) — Filing date
• 20241206 (date) — Period of report
• 0001117171 (company_id) — Central Index Key
• 3690 (sic_code) — Standard Industrial Classification
• NV (state) — State of incorporation
• 1231 (date) — Fiscal year end
• 001-32898 (sec_file_number) — SEC File Number
• 241367517 (film_number) — Film Number

FAQ

Key Financial Figures

• $0.001 — ares of Company common stock, par value $0.001 per share (the “Common Stock&rdqu
• $10 million — new shares of our Common Stock totaling $10 million. The issue price was determined with re
• $2.1 million — 17, the stockholders paid us a total of $2.1 million as refundable deposits, among which, Mr
• $1.12 million — agreed to subscribe new shares totaling $1.12 million and pay a refundable deposit of $0.2 mi
• $0.2 million — million and pay a refundable deposit of $0.2 million. In April and May 2017, we received cas
• $9.6 million — April and May 2017, we received cash of $9.6 million from these stockholders. On May 31, 201
• $1.50 — these investors, at a purchase price of $1.50 per share, for an aggregate price of $9
• $9.6 m — 50 per share, for an aggregate price of $9.6 million, including 746,018 shares that we
• $5.2 million — ho loaned an aggregate of approximately $5.2 million (the “First Debt”) to the C
• $1.02 — of the Company at an exchange price of $1.02 per share. According to the amount of l
• $7.1 million — ho loaned an aggregate of approximately $7.1 million to CBAK Power (collectively, the &ldquo
• $1.05 — of the Company at an exchange price of $1.05 per share. According to the amount of l
• $4.2 million — ho loaned an aggregate of approximately $4.2 million to CBAK Power (the “Fifth Debt&rd
• $1.0 million — e unpaid earnest money of approximately $1.0 million. Pursuant to the terms of the cancellat
• $0.6 — of the Company at an exchange price of $0.6 per share. According to the amount of l

Filing Documents

• ea0217206-def14a_cbakenergy.htm (DEF 14A) — 362KB
• image_001.jpg (GRAPHIC) — 2KB
• 0001213900-24-087244.txt ( ) — 367KB

From the Filing

DEF 14A 1 ea0217206-def14a_cbakenergy.htm DEFINITIVE PROXY STATEMENT UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under § 240.14a-12 CBAK ENERGY TECHNOLOGY, INC. (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a- 6(i)(1) and 0-11 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To Be Held on December 6, 2024 To the Stockholders of CBAK ENERGY TECHNOLOGY, INC.: You are cordially invited to attend the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) of CBAK Energy Technology, Inc., a Nevada corporation (the “Company”) that will be held on Friday, December 6, 2024, at 9:00 a.m., local time, at BAK Industrial Park, Meigui Street, Huayuankou Economic Zone, Dalian City, 116450, China. We are now filing this proxy statement on Schedule 14A (the "Proxy Statement") with the Securities and Exchange Commission ("SEC") in order to provide the disclosures required by the rules and regulations of the SEC in connection with the Annual Meeting, which will be held for the following purposes: 1. To elect five (5) persons to the Board of Directors of the Company, each to serve until the next annual meeting of stockholders of the Company or until such person shall resign, be removed or otherwise leave office; 2. To ratify the appointment of ARK Pro CPA & Co as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024; 3. To transact such other business as may properly come before the Annual Meeting or at any postponement or adjournment of the Annual Meeting. The foregoing items of business are more fully described in the proxy statement accompanying this Notice or made available over the Internet. We are not aware of any other business to come before the Annual Meeting. Only stockholders of record at the close of business on October 8, 2024 (the “Record Date”) are entitled to notice and to vote at the Annual Meeting and any adjournment or postponement thereof. It is important that your shares are represented at the Annual Meeting. We urge you to review the attached Proxy Statement and, whether or not you plan to attend the Annual Meeting in person, please vote your shares promptly by casting your vote via the Internet or, if you receive a full set of proxy materials by mail or request one be mailed to you, and prefer to mail your proxy or voter instructions, please complete, sign, date, and return your proxy or vote instruction form in the pre-addressed envelope provided, which requires no additional postage if mailed in the United States. You may revoke your vote by submitting a subsequent vote over the Internet or by mail before the Annual Meeting, or by voting in person at the Annual Meeting. If you plan to attend the Annual Meeting, please notify us of your intentions. This will assist us with meeting preparations. If your shares are not registered in your own name and you would like to attend the Annual Meeting, please follow the instructions contained in the Notice of Internet Availability of Proxy Materials that is being mailed to you and any other information forwarded to you by your broker, trust, bank, or other holder of record to obtain a valid proxy from it. This will enable you to gain admission to the Annual Meeting and vote in person. By Order of the Board of Directors, /s/ Yunfei Li Chairman October 11, 2024 TABLE OF CONTENTS Page PROXY STATEMENT 1 QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE ANNUAL MEETING 1 SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 6 PROPOSAL 1. – ELECTION OF DIRECTORS 9 PROPOSAL 2. – RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS 25 OTHER MATTERS 27 STOCKHOLDER COMMUNICATIONS 27 STOCKHOLDER PROPOSALS FOR THE 2024 ANNUAL MEETING 27 ANNUAL REPORT ON FORM 10-K 27 i CBAK ENERGY TECHNOLOGY, INC. BAK Industrial Park, Meigui Street, Huayuankou Economic Zone, Dalian PROXY This Proxy Statement and the accompanying proxy are being furnished with respect to the solicitation of proxies by the Board of Directors of CBAK Energy Technology, Inc., a Nevada corporation (the “Company” or “we”), for the Company’s Annual Meeting of Stockho

View Full Filing

View this DEF 14A filing on SEC EDGAR