What is the purpose of lifting the non-compete restriction?

To facilitate management integration and technology collaboration within the corporate group.

Which director is involved in a mainland China entity?

Director Gao Guizhen serves as Chairman of Lijia Technology (Yangzhou).

Does this resolution affect financial performance?

The company states there is no impact on financial or business operations.

How many directors are affected by this resolution?

A total of nine directors: five regular and four independent directors.

How was the resolution passed?

Approved by over half of issued shares present and two-thirds of voting rights in favor.

Rainbow Technology-KY Announces Shareholders' Approval to Lift Non-Competition Restrictions for Newly Appointed Directors

Published Jun 23, 2026 9:00 AM ・ Updated Jun 23, 2026 3:50 PM ・ 5 min read ・ Source: PR Times

Rainbow Technology-KY announced that its 2026 annual general meeting approved the lifting of non-competition restrictions for nine newly appointed directors, including independent directors, enabling them to serve in competing businesses during their tenure.

Release Date: June 23, 2026 Statement Date: June 22, 2026 Statement Time: 18:30:06 Company Code: 6573 Company Name: Rainbow Technology-KY

Subject: Announcement of Shareholders' Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors (Including Independent Directors) at the 2026 Annual General Meeting

Relevant Clause: Item 21 Factual Date: June 22, 2026

Details: 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: Investment in or management of subsidiaries engaged in businesses identical or similar to the Company’s operations, and serving as directors or managers.

4. Duration of Permitted Competitive Activities: During the term of office as a director of the Company

5. Resolution Outcome (Pursuant to Article 209 of the Company Act): The resolution was approved with over half of the issued shares represented and more than two-thirds of the voting rights of attending shareholders in favor.

6. Directors Engaged in Competitive Activities in Mainland China (Enter 'Not Applicable' if none): Director: Gao Guizhen

7. Company Name and Position Held in the Mainland China Entity: Gao Guizhen: Chairman, Lijia Technology (Yangzhou) Co., Ltd.

8. Address of the Mainland China Entity: Lijia Technology Yangzhou / No. 12, Lingbo Road, Gaoyou City, Yangzhou, Jiangsu Province

9. Business Scope of the Mainland China Entity: Lijia Technology Yangzhou: Manufacturing of electronic high-efficiency insulation materials, semiconductor rubber and plastic raw materials and products, etc.

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

11. If any director has invested in the mainland entity, the investment amount and ownership ratio: Not Applicable

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

Rainbow Technology-KY Announces Shareholders' Approval to Lift Non-Competition Restrictions for Newly Appointed Directors

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