Jinqiao Announces Shareholders' Meeting Resolution to Lift Non-Competition Restriction for Newly Appointed Independent Director
Key facts
- Jinqiao Announces Shareholders' Meeting Resolution to Lift Non-Competition Restriction for Newly Appointed Independent Director
- Jinqiao's shareholders have approved the lifting of non-competition restrictions for independent director Mr. Zhou Xingyi, allowing him to engage in similar business activities during his tenure, with no impact on company operations.
- Source: PR Times
- Date: June 26, 2026
Direct answer
Jinqiao's shareholders have approved the lifting of non-competition restrictions for independent director Mr. Zhou Xingyi, allowing him to engage in similar business activities during his tenure, with no impact on company operations.
- Citation
- Jinqiao Announces Shareholders' Meeting Resolution to Lift Non-Competition Restriction for Newly Appointed Independent Director (June 26, 2026), PR Times
- Source
- PR Times
- Date
- June 26, 2026
Jinqiao's shareholders have approved the lifting of non-competition restrictions for independent director Mr. Zhou Xingyi, allowing him to engage in similar business activities during his tenure, with no impact on company operations.
📋 Article Processing Timeline
- 📰 Published: June 26, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 17:47 (47 min after Collected)
1. Shareholders' meeting resolution date: June 26, 115
2. Name and title of director permitted to engage in competitive activities: Independent Director, Zhou Xingyi
3. Permitted competitive activities: Business operations identical or similar to those of the company
4. Duration of permitted competitive activities: During the term of serving as independent director of the company
5. Resolution outcome (voting results as per Article 209 of the Company Act):
Approved by shareholders representing more than half of the issued shares, with over two-thirds of the voting rights of attending shareholders in favor
6. Director's name and title if the permitted competitive activity involves businesses in Mainland China (enter 'Not Applicable' otherwise): Not Applicable
7. Company name and position held in such Mainland China business: Not Applicable
8. Address of such Mainland China business: Not Applicable
9. Business scope of such Mainland China business: Not Applicable
10. Impact on the company's financial and business operations: None
11. If the director has invested in such Mainland China business, the investment amount and shareholding ratio: Not Applicable
12. Other matters to be disclosed: None
2. Name and title of director permitted to engage in competitive activities: Independent Director, Zhou Xingyi
3. Permitted competitive activities: Business operations identical or similar to those of the company
4. Duration of permitted competitive activities: During the term of serving as independent director of the company
5. Resolution outcome (voting results as per Article 209 of the Company Act):
Approved by shareholders representing more than half of the issued shares, with over two-thirds of the voting rights of attending shareholders in favor
6. Director's name and title if the permitted competitive activity involves businesses in Mainland China (enter 'Not Applicable' otherwise): Not Applicable
7. Company name and position held in such Mainland China business: Not Applicable
8. Address of such Mainland China business: Not Applicable
9. Business scope of such Mainland China business: Not Applicable
10. Impact on the company's financial and business operations: None
11. If the director has invested in such Mainland China business, the investment amount and shareholding ratio: Not Applicable
12. Other matters to be disclosed: None
FAQ
What was resolved at Jinqiao's shareholders meeting?
The meeting approved lifting non-compete restrictions for independent director Zhou Xingyi, allowing him to engage in similar business activities.
How does the Company Act regulate this resolution?
Under Article 209, it requires majority shareholder attendance and two-thirds approval of voting rights from attendees.
What impact does this have on the company?
The company states there is no impact on financial or business operations, maintaining governance transparency.