What is the legal basis for Yaodeng's lifting of non-compete restrictions?

Based on Article 209 of the Company Act, approved by shareholder resolution.

What is the financial impact of this decision?

The company states there is no impact on financial or operational performance.

Which directors hold positions in mainland firms?

Zhang Yubin in Kunshan; Ye Mingtang in Shanghai and Kunshan firms.

Does this apply to all directors?

No, only specific directors and legal entity representatives are included.

How long does the permission last?

The permission is valid during their tenure as directors of Yaodeng.

Yaodeng Announces Shareholders' Meeting Resolution to Lift Non-Compete Restrictions on Directors

Published Jun 25, 2026 9:00 AM ・ Updated Jun 27, 2026 2:55 PM ・ 5 min read ・ Source: PR Times

Yaodeng's 2026 annual shareholders' meeting resolved to lift non-compete restrictions for certain directors, permitting them to serve in companies with similar business scopes. The resolution was passed under Article 209 of the Company Act, with no impact on financial or operational performance.

1. Shareholders' Meeting Resolution Date: June 25, 2026

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Director: Yaokexinzi Investment Co., Ltd., Representative: Zhang Yubin Director: Yaokexinzi Investment Co., Ltd., Representative: Wen Wensheng Director: Yaohong Investment Co., Ltd., Representative: Zhang Zhiquan Director: Yaohong Investment Co., Ltd., Representative: Ye Mingtang Director: Huang Fuzhang Independent Director: Zhou Junhong Independent Director: Huang Zhicheng Independent Director: Zhong Jiade Independent Director: Zhang Beiquan Corporate Director: Yaokexinzi Investment Co., Ltd. Corporate Director: Yaohong Investment Co., Ltd.

3. Permitted Competitive Activities: Companies with business scopes identical or similar to that of the Company.

4. Duration of Permitted Competitive Activities: During the tenure of the individual as a director of the Company.

5. Resolution Outcome (Voting Results under Article 209 of the Company Act): Approved as proposed.

6. Names and Titles of Directors Engaging in Competitive Activities in Mainland China-Based Enterprises (Enter 'Not Applicable' if not applicable): (1) Yaokexinzi Investment Co., Ltd. Representative: Zhang Yubin (2) Yaohong Investment Co., Ltd. Representative: Ye Mingtang

7. Company Names and Positions Held in Mainland China-Based Enterprises: (1) Zhang Yubin: Chairman and General Manager, Yaodeng Telecom Technology (Kunshan) Co., Ltd.

(2) Ye Mingtang: Chairman, Sibyac Trade (Shanghai) Co., Ltd. Director, Yaodeng Telecom Technology (Kunshan) Co., Ltd.

8. Addresses of Mainland China-Based Enterprises: (1) Yaodeng Telecom Technology (Kunshan) Co., Ltd.: No. 15 Yingbin Road, Luyang Town, Kunshan City, Jiangsu Province

(2) Sibyac Trade (Shanghai) Co., Ltd.: Room 101-18, Building 6, No. 690 Bibo Road, Pudong New Area, Shanghai

9. Business Activities of Mainland China-Based Enterprises: (1) Yaodeng Telecom Technology (Kunshan) Co., Ltd.: Manufacturing and sales of various antennas and optical instruments

(2) Sibyac Trade (Shanghai) Co., Ltd.: Agency sales of measurement equipment

10. Impact on the Company's Financial and Business Operations: None.

11. If Directors Have Invested in the Mainland China-Based Enterprises, Investment Amount and Shareholding Ratio: Not Applicable.

12. Other Matters to Be Disclosed: None.

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Source: PR Times
Category: News

Yaodeng Announces Shareholders' Meeting Resolution to Lift Non-Compete Restrictions on Directors

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