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Yihang Announces Shareholders' Meeting Resolution to Lift Non-Compete Restrictions on Directors

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Yihang has resolved at its shareholders' meeting on June 18, 2026, to lift non-compete restrictions for several directors and independent directors, allowing them to invest in or serve on the boards of companies with similar business scopes during their tenure.

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Frequently Asked Questions

Q: What was resolved at Yihang's shareholder meeting?
A: The company lifted non-compete restrictions on certain directors, allowing them to invest in or serve similar businesses.
Q: Who is affected by the non-compete relaxation?
A: Directors Guo Renhao and Zhuang Qianwan, and independent directors Lei Bingsen, Xie Nengyin, and Wu Kailing.
Q: What is the legal basis for this resolution?
A: Approved under Company Act Article 209 with majority attendance and two-thirds voting support.