Which directors were allowed to engage in competing businesses?

Eleven directors, including Ye Bo Liang, Ye Guo Hui, Yang Yao Zhou, Xu Rong Xin, Ye You Lun, Ye Wei Ming, Lian Xian Zhong, Shi Song Wen, Huang Xin Yi, Chen Jun Yi, and Dai Yuan Liang, were allowed.

What impact does this decision have on the company?

This decision is said to have no significant impact on the company's finances or operations.

Which Chinese company does Ye You Lun serve as a director?

Ye You Lun serves as a director at Hangzhou Lianfa Fiber Co., Ltd.

What was the voting result of this resolution?

Out of a total of 73,459,993 voting rights, 73,452,829 (99.99%) were in favor, 2,675 (0.00%) were opposed, 0 (0%) were invalid, and 4,489 (0.01%) abstained or did not vote, and the resolution was passed.

[Datong Xinchuang] Shareholders' Meeting Resolution Passed to Remove Director's Non-Compete Restrictions

Q: What is the purpose of this resolution?

The purpose of this resolution is to allow directors to hold positions in competing companies, thereby enhancing management flexibility.

Published Jun 23, 2026 9:00 AM ・ Updated Jun 24, 2026 5:49 PM ・ 4 min read ・ Source: PR Times

The shareholders' meeting of Datong Xinchuang passed a resolution to remove the non-compete restrictions on directors, with 99.99% approval. This decision allows directors to hold positions in competing companies, notably approving Ye Youlun to serve as a director at Hangzhou Lianfa Fiber Co., Ltd. in China.

1. Shareholders' Meeting Date: 115/06/23 2. Names and Titles of Directors Allowed to Engage in Competing Businesses: Director - Ye Bo Liang Director - Ye Guo Hui Director - Yang Yao Zhou Director - Xu Rong Xin Director - Ye You Lun Director - Ye Wei Ming Director - Lian Xian Zhong Independent Director - Shi Song Wen Independent Director - Huang Xin Yi Independent Director - Chen Jun Yi Independent Director - Dai Yuan Liang 3. Items Allowed for Competing Businesses: Companies with the same or similar business scope as the company 4. Period Allowed for Competing Businesses: During the term of office as a director (including independent directors) of the company 5. Resolution Situation (Explanation of Voting Results Based on Article 209 of the Company Act): Total Voting Rights: 73,459,993, Approval Votes: 73,452,829/99.99%, Opposition Votes: 2,675/0.00%, Invalid Votes: 0/0%, Abstentions/Unvoted: 4,489/0.01%, Approval votes exceeded the statutory amount, and the case was passed as proposed. 6. Names and Titles of Directors if the Competing Business is in Mainland China (If not in Mainland China, please enter 'Not Applicable' below): Director - Ye You Lun 7. Names and Positions of Companies in Mainland China: Director - Ye You Lun also serves as a director of Hangzhou Lianfa Fiber Co., Ltd. 8. Address of the Company in Mainland China: Hangzhou Lianfa: No. 48, 22nd Street, Baiyang Street, Hangzhou Economic and Technological Development Zone 9. Business Items of the Company in Mainland China: Hangzhou Lianfa: Manufacturing and selling of elastic yarn and polyester fiber processing yarn 10. Impact on the Company's Financial and Business Operations: No significant impact 11. If the Director has Invested in the Company in Mainland China, the Investment Amount and Shareholding Ratio: None 12. Other Matters to be Stated: None

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Source: PR Times
Category: 人事
Dates in source: 115/06/23

[Datong Xinchuang] Shareholders' Meeting Resolution Passed to Remove Director's Non-Compete Restrictions

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