Which directors are permitted to engage in competitive activities?

Director You Yonggui and Independent Director Lu Jiaqi are now allowed to serve in other companies.

What are the approved concurrent positions?

You Yonggui serves at Edesign, Mingtech III, and Yisheng Investment; Lu Jiaqi at China Steel Corporation.

How long is the permission valid?

The permission remains valid during their tenure as directors of Songchuan Precision.

Does this affect Songchuan Precision's financial performance?

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

Songchuan Precision Announces Shareholders' Approval to Lift Non-Competition Restrictions for Directors

Q: What was resolved at Songchuan Precision's shareholders' meeting?

The resolution lifted non-competition restrictions for two directors, allowing them to hold concurrent board positions.

Published Jun 18, 2026 9:00 AM ・ Updated Jun 20, 2026 12:30 AM ・ 4 min read ・ Source: PR Times

Songchuan Precision's 2026 annual general meeting approved the lifting of non-competition restrictions for two directors, allowing them to hold concurrent positions at other companies.

Release Date: June 18, 2026 Statement Date: June 17, 2026 Statement Time: 13:47:44 Company Code: 7788 Company Name: Songchuan Precision

Subject: Announcement of the resolution passed at the 2026 Annual General Meeting to lift non-competition restrictions for directors.

Applicable Clause: Clause 21 Factual Date: June 17, 2026

Details:

1. Shareholders' Meeting Resolution Date: June 17, 2026

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Director: You Yonggui (2) Independent Director: Lu Jiaqi

3. Approved Competitive Activities: (1) Director You Yonggui: - Independent Director, Edesign Technology Co., Ltd. - Director, Taiwan Mingtech III Co., Ltd. - Director, Yisheng Investment Co., Ltd. (2) Independent Director Lu Jiaqi: - Independent Director, China Steel Corporation

4. Duration of Permission: Throughout the period during which the individuals serve as directors (including independent directors) of the company.

5. Voting Outcome (as per Article 209 of the Company Act): The proposal was approved as submitted, with over two-thirds of issued shares represented and a majority of voting rights from attending shareholders in favor.

6. Directors Engaging in Competitive Activities with Mainland China-Based Enterprises (Enter 'Not Applicable' if none): Not Applicable

7. Company Name and Position Held in Mainland China-Based Enterprise: Not Applicable

8. Address of Mainland China-Based Enterprise: Not Applicable

9. Business Scope of Mainland China-Based Enterprise: Not Applicable

10. Impact on the Company's Financial and Operational Status: Not Applicable

11. Directors' Investment Amount and Shareholding Ratio in Mainland China-Based Enterprise: Not Applicable

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

Songchuan Precision Announces Shareholders' Approval to Lift Non-Competition Restrictions for Directors

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