Hong Yang-KY Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors (Including Independent Directors)
Key facts
- Hong Yang-KY Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors (Including Independent Directors)
- Hong Yang-KY's 2026 annual shareholders' meeting resolved to lift non-competition restrictions for nine newly appointed directors, including independent directors, allowing them to engage in similar business activities during their tenure.
- Source: PR Times
- Date: June 22, 2026
Direct answer
Hong Yang-KY's 2026 annual shareholders' meeting resolved to lift non-competition restrictions for nine newly appointed directors, including independent directors, allowing them to engage in similar business activities during their tenure.
- Citation
- Hong Yang-KY Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors (Including Independent Directors) (June 22, 2026), PR Times
- Source
- PR Times
- Date
- June 22, 2026
Hong Yang-KY's 2026 annual shareholders' meeting resolved to lift non-competition restrictions for nine newly appointed directors, including independent directors, allowing them to engage in similar business activities during their tenure.
📋 Article Processing Timeline
- 📰 Published: June 22, 2026 at 09:00
- 🔍 Collected: June 23, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 23, 2026 at 17:59 (58 min after Collected)
1. Shareholders' Meeting Resolution Date: June 22, 2026
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Gao Guizhen: Director of the Company
(2) Fang Xinyi: Director of the Company
(3) Fang Wende: Director of the Company
(4) You Pengshun: Director of the Company
(5) Li Yongzhi: Director of the Company
(6) Zeng Guanghua: Independent Director of the Company
(7) Jian Jiaying: Independent Director of the Company
(8) Qin Ruiting: Independent Director of the Company
(9) Huang Zhenyuan: Independent Director of the Company
3. Permitted Competitive Activities: Investing in or managing subsidiaries engaged in businesses identical or similar to the Company’s operations, and serving as directors or executives in such subsidiaries.
4. Duration of Permission: Throughout the period during which the individuals serve as directors of Hong Yang-KY.
5. Voting Outcome (as per Article 209 of the Company Act): The resolution was approved by shareholders holding more than two-thirds of the voting rights present, with over half of the total issued shares represented at the meeting.
6. Director(s) Engaging in Competitive Activities in Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable): Director: Gao Guizhen
7. Name and Position Held in the Mainland China-Based Entity:
Gao Guizhen: Chairman, Lijia Technology (Yangzhou) Co., Ltd.
8. Address of the Mainland China-Based Entity:
Lijia Technology Yangzhou / No. 12 Lingbo Road, Gaoyou City, Yangzhou, Jiangsu Province
9. Business Scope of the Mainland China-Based Entity:
Lijia Technology Yangzhou: Manufacturing of electronic high-efficiency thermal insulation materials, rubber and plastic raw materials and products for semiconductors, etc.
10. Impact on the Company’s Financial and Business Operations: None
11. If any director has invested in the mainland entity, state investment amount and shareholding ratio: Not Applicable
12. Other Matters to be Disclosed: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Gao Guizhen: Director of the Company
(2) Fang Xinyi: Director of the Company
(3) Fang Wende: Director of the Company
(4) You Pengshun: Director of the Company
(5) Li Yongzhi: Director of the Company
(6) Zeng Guanghua: Independent Director of the Company
(7) Jian Jiaying: Independent Director of the Company
(8) Qin Ruiting: Independent Director of the Company
(9) Huang Zhenyuan: Independent Director of the Company
3. Permitted Competitive Activities: Investing in or managing subsidiaries engaged in businesses identical or similar to the Company’s operations, and serving as directors or executives in such subsidiaries.
4. Duration of Permission: Throughout the period during which the individuals serve as directors of Hong Yang-KY.
5. Voting Outcome (as per Article 209 of the Company Act): The resolution was approved by shareholders holding more than two-thirds of the voting rights present, with over half of the total issued shares represented at the meeting.
6. Director(s) Engaging in Competitive Activities in Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable): Director: Gao Guizhen
7. Name and Position Held in the Mainland China-Based Entity:
Gao Guizhen: Chairman, Lijia Technology (Yangzhou) Co., Ltd.
8. Address of the Mainland China-Based Entity:
Lijia Technology Yangzhou / No. 12 Lingbo Road, Gaoyou City, Yangzhou, Jiangsu Province
9. Business Scope of the Mainland China-Based Entity:
Lijia Technology Yangzhou: Manufacturing of electronic high-efficiency thermal insulation materials, rubber and plastic raw materials and products for semiconductors, etc.
10. Impact on the Company’s Financial and Business Operations: None
11. If any director has invested in the mainland entity, state investment amount and shareholding ratio: Not Applicable
12. Other Matters to be Disclosed: None
FAQ
What is the purpose of Hong Yang-KY lifting non-compete restrictions?
To optimize group management and strengthen operational ties with its mainland China affiliate.
Is this resolution a risk for investors?
While conflict of interest risks exist, shareholder approval ensures transparency and strategic benefits.
What is the relationship between Lijia Technology and Hong Yang-KY?
They are affiliated firms, with Director Gao Guizhen serving in both, enabling integrated management.