Kangsu Announces Subsidiary Kangyue Technology's Shareholders Approve Removal of Director Non-Compete Restrictions
AI Summary (NQ-processed)
Kangyue Technology Co., Ltd., a key subsidiary of Kangsu, announced that its 2026 annual general meeting approved the lifting of non-compete restrictions for directors Xu Jieli and Chen Bochang during their tenure, provided such activities do not harm the company's interests.
AI Analysis
Frequently Asked Questions
Q: What is the legal basis for this resolution?
A: It is based on Article 209 of the Company Act, approved by the shareholders' meeting.
Q: Can conflicts of interest still be prevented?
A: Yes, the activities are permitted only if they do not harm the company's interests.
Q: Is this practice common in the industry?
A: Tech-driven firms are increasingly allowing executives to engage in external expertise roles.