4552 Lida-KY Announces Shareholders' Resolution to Lift Non-Compete Restrictions for New Directors
Key facts
- 4552 Lida-KY Announces Shareholders' Resolution to Lift Non-Compete Restrictions for New Directors
- Lida-KY announced that its shareholders' meeting on June 24, 2026, approved the lifting of non-compete restrictions for several directors and independent directors, allowing them to serve in companies with similar business scopes, including mainland China operations.
- Source: PR Times
- Date: June 25, 2026
Direct answer
Lida-KY announced that its shareholders' meeting on June 24, 2026, approved the lifting of non-compete restrictions for several directors and independent directors, allowing them to serve in companies with similar business scopes, including mainland China operations.
- Citation
- 4552 Lida-KY Announces Shareholders' Resolution to Lift Non-Compete Restrictions for New Directors (June 25, 2026), PR Times
- Source
- PR Times
- Date
- June 25, 2026
Lida-KY announced that its shareholders' meeting on June 24, 2026, approved the lifting of non-compete restrictions for several directors and independent directors, allowing them to serve in companies with similar business scopes, including mainland China operations.
📋 Article Processing Timeline
- 📰 Published: June 25, 2026 at 09:00
- 🔍 Collected: June 25, 2026 at 11:21 (2h 21m after Published)
- 🤖 AI Analyzed: June 25, 2026 at 11:24 (3 min after Collected)
Disclosure Date: June 25, 2026
Statement Date: June 24, 2026
Statement Time: 13:51:35
Company Code: 4552
Company Name: Lida-KY
Subject: Announcement of Shareholders' Resolution to Lift Non-Compete Restrictions for New Directors
Applicable Clause: Clause 21
Factual Date: June 24, 2026
Details:
1. Shareholders' Meeting Resolution Date: June 24, 2026
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Directors: Wu Jianneng (Representative of Yiyuan Enterprise Co., Ltd.), Huang Daping (Representative of Defu Development Co., Ltd.), Jiang Weifeng, Deng Zhihui
Independent Directors: Zhang Zuocheng, Zheng Peiwen, Li Xiaode
3. Permitted Competitive Activities: Companies with business scopes identical or similar to the Company's
4. Duration of Permitted Competitive Activities: During the term of serving as a director of the Company
5. Voting Results (as per Article 209 of the Company Act):
In favor: 74,455,668 votes (including 47,882,920 electronic votes)
Against: 431,177 votes (including 431,177 electronic votes)
Abstentions: 1,074,329 votes (including 932,329 electronic votes)
The number of votes in favor exceeded the legally required threshold; the resolution was approved.
6. Directors Engaging in Competitive Activities with Mainland China-Based Businesses (Enter "Not Applicable" if none):
(1) Wu Jianneng, Chairman
A. General Manager, Quanzhou Yida Home Appliance Industry Co., Ltd.
(2) Huang Daping, Director
A. Chairman, Lida (China) Electromechanical Co., Ltd.
B. Chairman, Lida (Jiangxi) Electromechanical Co., Ltd.
C. Chairman, Fujian Quanzhou Lida Machinery Co., Ltd.
D. Chairman and General Manager, Quanzhou Lida Real Estate Development Co., Ltd.
E. Chairman and General Manager, Quanzhou Lida Shipping Co., Ltd.
F. Chairman, Quanzhou Taishang Investment Zone Yongheng Microcredit Co., Ltd.
G. Chairman, Shangqiu Lida Real Estate Development Co., Ltd.
H. Director, Hong Kong Yida Home Appliance Industry Co., Ltd.
(3) Deng Zhihui, Director
A. General Manager, Medacon Jiangxi Electric Co., Ltd.
7. Positions Held in Mainland China-Based Businesses:
(1) Wu Jianneng, Chairman
A. General Manager, Quanzhou Yida Home Appliance Industry Co., Ltd.
(2) Huang Daping, Director
A. Chairman, Lida (China) Electromechanical Co., Ltd.
B. Chairman, Lida (Jiangxi) Electromechanical Co., Ltd.
C. Chairman, Fujian Quanzhou Lida Machinery Co., Ltd.
D. Chairman and General Manager, Quanzhou Lida Real Estate Development Co., Ltd.
E. Chairman and General Manager, Quanzhou Lida Shipping Co., Ltd.
F. Chairman, Quanzhou Taishang Investment Zone Yongheng Microcredit Co., Ltd.
G. Chairman, Shangqiu Lida Real Estate Development Co., Ltd.
H. Director, Hong Kong Yida Home Appliance Industry Co., Ltd.
(3) Deng Zhihui, Director
A. General Manager, Medacon Jiangxi Electric Co., Ltd.
8. Addresses of Mainland China-Based Businesses:
(1) Wu Jianneng, Chairman
A. Quanzhou Yida Home Appliance Industry Co., Ltd.: Jincuo Village, Dongyuan Town, Quanzhou Taishang Investment Zone
(2) Huang Daping, Director
A. Lida (China) Electromechanical Co., Ltd.: Industrial Zone, Dongyuan Town, Quanzhou Taishang Investment Zone
B. Lida (Jiangxi) Electromechanical Co., Ltd.: North of Gangxing Road, Chengxi Port Area, Jiujiang Economic and Technological Development Zone, Jiujiang City, Jiangxi Province
C. Fujian Quanzhou Lida Machinery Co., Ltd.: Hui'an Dongyuan Industrial Zone, Quanzhou, Fujian Province
D. Quanzhou Lida Real Estate Development Co., Ltd.: No. C#-501, Zeyuan Huayuan, Fengze New Village, Fengze District, Quanzhou City
E. Quanzhou Lida Shipping Co., Ltd.: Hui'nan Industrial Park, Dongyuan, Hui'an County
F. Quanzhou Taishang Investment Zone Yongheng Microcredit Co., Ltd.: Longcang Village, Dongyuan Town, Quanzhou Taishang Investment Zone
G. Shangqiu Lida Real Estate Development Co., Ltd.: Southern Section of Jianshe Road, Xiayi County, Henan Province
H. Hong Kong Yida Home Appliance Industry Co., Ltd.: 3/F, Camel Paint Center, No. 1 Xingye Street, Kwun Tong, Kowloon, Hong Kong
(3) Deng Zhihui, Director
A. Medacon Jiangxi Electric Co., Ltd.: No. 58 Gangxing Road, Chengxi Port Area, Jiujiang Economic Development Zone, Jiujiang City, Jiangxi Province
9. Business Activities of Mainland China-Based Businesses:
(1) Wu Jianneng, Chairman
A. Quanzhou Yida Home Appliance Industry Co., Ltd.: Home appliances
(2) Huang Daping, Director
A. Lida (China) Electromechanical Co., Ltd.: Air compressors and other electromechanical products
B. Lida (Jiangxi) Electromechanical Co., Ltd.: Air compressors and other electromechanical products
C. Fujian Quanzhou Lida Machinery Co., Ltd.: Investment holding
D. Quanzhou Lida Real Estate Development Co., Ltd.: Real estate development
E. Quanzhou Lida Shipping Co., Ltd.: General cargo shipping
F. Quanzhou Taishang Investment Zone Yongheng Microcredit Co., Ltd.: Microloans, entrusted loans from banking institutions
G. Shangqiu Lida Real Estate Development Co., Ltd.: Real estate development and operation
H. Hong Kong Yida Home Appliance Industry Co., Ltd.: Home appliances
(3) Deng Zhihui, Director
A. Medacon Jiangxi Electric Co., Ltd.: Home appliances
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Invested in the Mainland China-Based Businesses, the Investment Amount and Shareholding Ratio: None
12. Other Matters to Be Disclosed: None
Statement Date: June 24, 2026
Statement Time: 13:51:35
Company Code: 4552
Company Name: Lida-KY
Subject: Announcement of Shareholders' Resolution to Lift Non-Compete Restrictions for New Directors
Applicable Clause: Clause 21
Factual Date: June 24, 2026
Details:
1. Shareholders' Meeting Resolution Date: June 24, 2026
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Directors: Wu Jianneng (Representative of Yiyuan Enterprise Co., Ltd.), Huang Daping (Representative of Defu Development Co., Ltd.), Jiang Weifeng, Deng Zhihui
Independent Directors: Zhang Zuocheng, Zheng Peiwen, Li Xiaode
3. Permitted Competitive Activities: Companies with business scopes identical or similar to the Company's
4. Duration of Permitted Competitive Activities: During the term of serving as a director of the Company
5. Voting Results (as per Article 209 of the Company Act):
In favor: 74,455,668 votes (including 47,882,920 electronic votes)
Against: 431,177 votes (including 431,177 electronic votes)
Abstentions: 1,074,329 votes (including 932,329 electronic votes)
The number of votes in favor exceeded the legally required threshold; the resolution was approved.
6. Directors Engaging in Competitive Activities with Mainland China-Based Businesses (Enter "Not Applicable" if none):
(1) Wu Jianneng, Chairman
A. General Manager, Quanzhou Yida Home Appliance Industry Co., Ltd.
(2) Huang Daping, Director
A. Chairman, Lida (China) Electromechanical Co., Ltd.
B. Chairman, Lida (Jiangxi) Electromechanical Co., Ltd.
C. Chairman, Fujian Quanzhou Lida Machinery Co., Ltd.
D. Chairman and General Manager, Quanzhou Lida Real Estate Development Co., Ltd.
E. Chairman and General Manager, Quanzhou Lida Shipping Co., Ltd.
F. Chairman, Quanzhou Taishang Investment Zone Yongheng Microcredit Co., Ltd.
G. Chairman, Shangqiu Lida Real Estate Development Co., Ltd.
H. Director, Hong Kong Yida Home Appliance Industry Co., Ltd.
(3) Deng Zhihui, Director
A. General Manager, Medacon Jiangxi Electric Co., Ltd.
7. Positions Held in Mainland China-Based Businesses:
(1) Wu Jianneng, Chairman
A. General Manager, Quanzhou Yida Home Appliance Industry Co., Ltd.
(2) Huang Daping, Director
A. Chairman, Lida (China) Electromechanical Co., Ltd.
B. Chairman, Lida (Jiangxi) Electromechanical Co., Ltd.
C. Chairman, Fujian Quanzhou Lida Machinery Co., Ltd.
D. Chairman and General Manager, Quanzhou Lida Real Estate Development Co., Ltd.
E. Chairman and General Manager, Quanzhou Lida Shipping Co., Ltd.
F. Chairman, Quanzhou Taishang Investment Zone Yongheng Microcredit Co., Ltd.
G. Chairman, Shangqiu Lida Real Estate Development Co., Ltd.
H. Director, Hong Kong Yida Home Appliance Industry Co., Ltd.
(3) Deng Zhihui, Director
A. General Manager, Medacon Jiangxi Electric Co., Ltd.
8. Addresses of Mainland China-Based Businesses:
(1) Wu Jianneng, Chairman
A. Quanzhou Yida Home Appliance Industry Co., Ltd.: Jincuo Village, Dongyuan Town, Quanzhou Taishang Investment Zone
(2) Huang Daping, Director
A. Lida (China) Electromechanical Co., Ltd.: Industrial Zone, Dongyuan Town, Quanzhou Taishang Investment Zone
B. Lida (Jiangxi) Electromechanical Co., Ltd.: North of Gangxing Road, Chengxi Port Area, Jiujiang Economic and Technological Development Zone, Jiujiang City, Jiangxi Province
C. Fujian Quanzhou Lida Machinery Co., Ltd.: Hui'an Dongyuan Industrial Zone, Quanzhou, Fujian Province
D. Quanzhou Lida Real Estate Development Co., Ltd.: No. C#-501, Zeyuan Huayuan, Fengze New Village, Fengze District, Quanzhou City
E. Quanzhou Lida Shipping Co., Ltd.: Hui'nan Industrial Park, Dongyuan, Hui'an County
F. Quanzhou Taishang Investment Zone Yongheng Microcredit Co., Ltd.: Longcang Village, Dongyuan Town, Quanzhou Taishang Investment Zone
G. Shangqiu Lida Real Estate Development Co., Ltd.: Southern Section of Jianshe Road, Xiayi County, Henan Province
H. Hong Kong Yida Home Appliance Industry Co., Ltd.: 3/F, Camel Paint Center, No. 1 Xingye Street, Kwun Tong, Kowloon, Hong Kong
(3) Deng Zhihui, Director
A. Medacon Jiangxi Electric Co., Ltd.: No. 58 Gangxing Road, Chengxi Port Area, Jiujiang Economic Development Zone, Jiujiang City, Jiangxi Province
9. Business Activities of Mainland China-Based Businesses:
(1) Wu Jianneng, Chairman
A. Quanzhou Yida Home Appliance Industry Co., Ltd.: Home appliances
(2) Huang Daping, Director
A. Lida (China) Electromechanical Co., Ltd.: Air compressors and other electromechanical products
B. Lida (Jiangxi) Electromechanical Co., Ltd.: Air compressors and other electromechanical products
C. Fujian Quanzhou Lida Machinery Co., Ltd.: Investment holding
D. Quanzhou Lida Real Estate Development Co., Ltd.: Real estate development
E. Quanzhou Lida Shipping Co., Ltd.: General cargo shipping
F. Quanzhou Taishang Investment Zone Yongheng Microcredit Co., Ltd.: Microloans, entrusted loans from banking institutions
G. Shangqiu Lida Real Estate Development Co., Ltd.: Real estate development and operation
H. Hong Kong Yida Home Appliance Industry Co., Ltd.: Home appliances
(3) Deng Zhihui, Director
A. Medacon Jiangxi Electric Co., Ltd.: Home appliances
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Invested in the Mainland China-Based Businesses, the Investment Amount and Shareholding Ratio: None
12. Other Matters to Be Disclosed: None
FAQ
What was resolved at Lida-KY's shareholder meeting?
The board's non-compete restrictions were lifted, allowing directors to hold positions in similar businesses.
Are directorships in mainland China companies permitted?
Yes. Directors like Huang Daping hold leadership roles in multiple mainland firms.
What impact does this resolution have on the company?
The company states no financial or operational impact; it aims to stabilize management.