[Baihe Industrial-KY] Announcement of Shareholder Meeting Resolution to Waive Non-Compete Restrictions for Directors and Representatives

May 26, 2026

Key facts

[Baihe Industrial-KY] Announcement of Shareholder Meeting Resolution to Waive Non-Compete Restrictions for Directors and Representatives
Baihe Industrial-KY announced that its annual general meeting held on May 26, 115, approved the waiver of non-compete restrictions for directors Zheng Guohuoyin, Huang Shizhao (representative of Baihe International), and Zheng Xinlong. This allows them to hold concurrent positions in related businesses in mainland China and other regions during their tenure. The company stated that the impact on its financial and business operations is not significant.
Source: PR Times
Date: May 26, 2026

Direct answer

Baihe Industrial-KY announced that its annual general meeting held on May 26, 115, approved the waiver of non-compete restrictions for directors Zheng Guohuoyin, Huang Shizhao (representative of Baihe International), and Zheng Xinlong. This allows them to hold concurrent positions in related businesses in mainland China and other regions during their tenure. The company stated that the impact on its financial and business operations is not significant.

Citation: [Baihe Industrial-KY] Announcement of Shareholder Meeting Resolution to Waive Non-Compete Restrictions for Directors and Representatives (May 26, 2026), PR Times
Source: PR Times
Date: May 26, 2026

Baihe Industrial-KY announced that its annual general meeting held on May 26, 115, approved the waiver of non-compete restrictions for directors Zheng Guohuoyin, Huang Shizhao (representative of Baihe International), and Zheng Xinlong. This allows them to hold concurrent positions in related businesses in mainland China and other regions during their tenure. The company stated that the impact on its financial and business operations is not significant.

businessNQ 45/100出典：PR Times

📋 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 19:14 (107h 14m after Collected)

1. Date of shareholders' meeting resolution: 115/05/26
2. Names and titles of directors permitted to engage in competitive activities: (1) Director Zheng Guohuoyin, (2) Representative of Baihe International Co., Ltd.: Huang Shizhao (Corporate Director), (3) Director Zheng Xinlong.
3. Items of permitted competitive activities: (Detailed list of positions in various companies including Dongguan Baihe Business Services, Jiangsu Baihong Composite Materials, etc.)
4. Period of permission: During the term of office as a director of the company.
5. Resolution status: Approved by more than two-thirds of the voting rights of shareholders present at the meeting where more than half of the total issued shares were represented.
6. Directors involved in mainland China business: All three mentioned above.
7. Positions held in mainland China: (Detailed list provided).
8. Addresses of mainland China businesses: (List of locations in Beijing, Shandong, Jiangsu, Guangdong, and Shanghai).
9. Business scope of mainland China entities: Wholesale/retail of sports goods, textiles, real estate development, manufacturing of hook-and-loop fasteners, and production of masks/non-woven products.
10. Impact on company's financial and business operations: Not significant.
11. Investment amount and shareholding ratio in mainland China businesses: None.
12. Other disclosures: None.

FAQ

Why is the waiver of non-compete restrictions required?

Under Article 209 of the Company Act, directors must obtain shareholder approval if they engage in business activities that compete with the company.

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