Chenqi Technology (HKG:9680) proposed revising its annual cap for a 2024 contract with its controlling shareholder, Guangzhou Automobile Industry Group (GAIG), in a filing with the bourse on Wednesday.
The mobility technology and services company said it proposed raising only the current-year annual cap from 145 million yuan to 189.4 million yuan.
The company plans to hold a special meeting to vote on the proposal.
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