[Universal Cement] Approval of non-compete exemption for directors at 115 AGM
Universal Cement passed a resolution at its AGM on May 26, 115, to exempt directors Hou Boyi, Hou Zhisheng, and Hou Zhiyuan from non-compete restrictions, allowing them to serve as directors or chairmen of invested companies during their term.
📋 Article Processing Timeline
- 📰 Published: May 26, 2026 at 09:00
- 🔍 Collected: May 27, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 19:12 (107h 12m after Collected)
1. Resolution date: 115/05/26. 2. Directors: Hou Boyi, Hou Zhisheng, Hou Zhiyuan. 3. Scope: Serving as directors/chairmen of invested companies. 4. Period: During the 25th board term. 5. Result: Unanimously approved per Article 209 of the Company Act. 6. Mainland China business: Not applicable. 7. Financial impact: None.
FAQ
Who is exempted from non-compete restrictions?
Hou Boyi, Hou Zhisheng, and Hou Zhiyuan.