[YC Steel] Resolution of the Shareholders' Meeting on Waiving Non-Compete Restrictions for Directors
YC Steel's shareholders approved the waiver of non-compete restrictions for directors Yen De-he, Zhang Yun-qing (representative of Yuji Investment), and Liu Xin-hong on May 27, 2026. These directors serve at Ningbo Qiyi Metal, a wholly-owned subsidiary, to streamline group operations.
📋 Article Processing Timeline
- 📰 Published: May 27, 2026 at 09:00
- 🔍 Collected: May 28, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:49 (82h 49m after Collected)
1. Date of shareholders' meeting resolution: 115/05/27
2. Name and title of directors permitted to engage in competitive behavior: Director Yen De-he, Director Yuji Investment Co., Ltd. (Representative: Zhang Yun-qing), Independent Director Liu Xin-hong
3. Items of competitive behavior permitted: Items similar to the company's business scope
4. Period of permission: During the tenure as a director of the company
5. Resolution status: Approved as proposed after voting
6. Competitive behavior involving mainland China: Director Yen De-he, Director Yuji Investment Co., Ltd. (Representative: Zhang Yun-qing)
7. Name and title in mainland China business: Yen De-he (Chairman of Ningbo Qiyi Metal Co., Ltd.), Zhang Yun-qing (Supervisor of Ningbo Qiyi Metal Co., Ltd.)
8. Address of mainland China business: No. 2, Nanbin North Road, Ningbo Southern Binhai New Area, Ninghai County, Ningbo
9. Business scope of mainland China business: Stainless steel cold rolling, cutting
10. Impact on the company's financial business: Ningbo Qiyi Metal Co., Ltd. is a 100% owned subsidiary
11. Investment amount and shareholding ratio: None
12. Other matters: None
2. Name and title of directors permitted to engage in competitive behavior: Director Yen De-he, Director Yuji Investment Co., Ltd. (Representative: Zhang Yun-qing), Independent Director Liu Xin-hong
3. Items of competitive behavior permitted: Items similar to the company's business scope
4. Period of permission: During the tenure as a director of the company
5. Resolution status: Approved as proposed after voting
6. Competitive behavior involving mainland China: Director Yen De-he, Director Yuji Investment Co., Ltd. (Representative: Zhang Yun-qing)
7. Name and title in mainland China business: Yen De-he (Chairman of Ningbo Qiyi Metal Co., Ltd.), Zhang Yun-qing (Supervisor of Ningbo Qiyi Metal Co., Ltd.)
8. Address of mainland China business: No. 2, Nanbin North Road, Ningbo Southern Binhai New Area, Ninghai County, Ningbo
9. Business scope of mainland China business: Stainless steel cold rolling, cutting
10. Impact on the company's financial business: Ningbo Qiyi Metal Co., Ltd. is a 100% owned subsidiary
11. Investment amount and shareholding ratio: None
12. Other matters: None
FAQ
Why is the non-compete waiver necessary?
It is a legal requirement to avoid conflicts of interest when directors hold positions in subsidiaries.