[RichWave] Shareholders' Meeting Resolution Regarding the Lifting of Non-Compete Restrictions for New Directors (Including Independent Directors) and Their Representatives
RichWave Technology's shareholders' meeting approved the lifting of non-compete restrictions for the new board members.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 23, 2026 at 08:07 (7 min after Collected)
1. Date of shareholders' meeting resolution: 2026/05/22
2. Names and titles of directors permitted to engage in competitive activities:
Director: AP Memory Technology Corp. Representative: Lin Yuxin
Director: AP Memory Technology Corp. Representative: Hong Zhixun
Director: Chen Canrong
Director: Shanyi Investment Co., Ltd. Representative: Ye Ruibin
Director: Shuixin Investment Co., Ltd. Representative: Lan Jingyao
Independent Director: Ye Shu
Independent Director: Lin Yuzhong
3. Scope of permitted competitive activities:
Directors engaging in activities within the scope of the company's business, for themselves or others, are limited to those that do not harm the company's interests.
4. Period of permitted competitive activities: During their tenure as directors of the company.
5. Voting results (pursuant to Article 209 of the Company Act): Approved as proposed by vote at the company's 2026 annual shareholders' meeting in accordance with Article 209 of the Company Act.
6. Directors whose permitted competitive activities involve businesses in Mainland China: Not applicable
7. Name and title of the director in the Mainland China business: Not applicable
8. Address of the Mainland China business: Not applicable
9. Business items of the Mainland China business: Not applicable
10. Impact on the company's finance and operations: Not applicable
11. Amount and shareholding ratio if the director has invested in the Mainland China business: Not applicable
12. Other matters: None
2. Names and titles of directors permitted to engage in competitive activities:
Director: AP Memory Technology Corp. Representative: Lin Yuxin
Director: AP Memory Technology Corp. Representative: Hong Zhixun
Director: Chen Canrong
Director: Shanyi Investment Co., Ltd. Representative: Ye Ruibin
Director: Shuixin Investment Co., Ltd. Representative: Lan Jingyao
Independent Director: Ye Shu
Independent Director: Lin Yuzhong
3. Scope of permitted competitive activities:
Directors engaging in activities within the scope of the company's business, for themselves or others, are limited to those that do not harm the company's interests.
4. Period of permitted competitive activities: During their tenure as directors of the company.
5. Voting results (pursuant to Article 209 of the Company Act): Approved as proposed by vote at the company's 2026 annual shareholders' meeting in accordance with Article 209 of the Company Act.
6. Directors whose permitted competitive activities involve businesses in Mainland China: Not applicable
7. Name and title of the director in the Mainland China business: Not applicable
8. Address of the Mainland China business: Not applicable
9. Business items of the Mainland China business: Not applicable
10. Impact on the company's finance and operations: Not applicable
11. Amount and shareholding ratio if the director has invested in the Mainland China business: Not applicable
12. Other matters: None
FAQ
Why is the non-compete restriction lifted for directors?
To allow directors to leverage their expertise in multiple roles and foster collaboration between companies. This is permitted as long as it does not harm the company's interests.
What is the legal basis for this?
It is approved by a resolution of the shareholders' meeting in accordance with Article 209 of the Company Act.
What is a non-compete obligation?
An obligation that restricts a director from engaging in business that competes with the interests of the company.