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Huaxin Science and Technology Approves Removal of Competition Restrictions for New Directors at Shareholders' Meeting

AI Summary (NQ-processed)

Huaxin Science and Technology (3059) passed a resolution at its 115th annual general meeting on June 23, 2023, to remove competition restrictions for new directors. This decision allows four directors to engage in competitive activities during their tenure, involving multiple companies related to medical electronics and optical electronics.

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Frequently Asked Questions

Q: Which directors of Huaxin Science and Technology had their competition restrictions removed?
A: The competition restrictions for four directors, Xia Ruwen, Chen Mengfen, Ding Yujia, and Liang Minfang, were removed.
Q: What is the duration of the removal of competition restrictions?
A: The duration of the removal of competition restrictions is during the tenure as a director of the company.
Q: What impact does this decision have on the company?
A: This decision does not have an impact on the company's financial and business operations.
Q: If directors have invested in mainland China businesses, what is the investment amount and shareholding ratio?
A: If directors have invested in mainland China businesses, there is no investment amount and shareholding ratio.
Q: What were the conditions for this decision to be passed at the shareholders' meeting?
A: This decision was passed with the approval of more than two-thirds of the voting rights of the shareholders present, who represented more than half of the total issued shares.