Misfits
Regular
AVZ BOARD LOSES THE SUPPORT OF ITS LARGEST SHAREHOLDER AND CATH
MMGA confirms that it received the following statement of support from both the largest shareholder of AVZ and CATH-the provider of a potential US$240m cash injection into AVZ. It is now clear that the position of the incumbent board is untenable.The below statement is reproduced with express permission.
Thursday 16 November 2023
To MMGA
We have communicated our voting intentions to AVZ, indicating our decision to vote against the incumbent board and expressing our support for the appointment of the MMGA nominated directors.
Yours sincerely,
Yibin Tianyi Lithium Industry Co.,Ltd
Suzhou CATH Energy Tecnologies Co.,Ltd
