Stock Code: 002420 Stock Abbreviation: Yichang Technology Announcement No.: 2026-020
Guangzhou Yichang Technology Co., Ltd. Announcement on Purchasing Liability Insurance for Company Directors and Senior Management
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Guangzhou Yichang Technology Co., Ltd. (hereinafter referred to as the "Company") held the 27th meeting of the Sixth Board of Directors on April 23, 2026. The meeting deliberated and passed the "Proposal on Purchasing Liability Insurance for Company Directors and Senior Management." To further improve the risk management system, reduce the Company's operational risks, and encourage the Company's directors and senior management to exercise their rights and fulfill their duties within their scope of responsibilities, in accordance with the "Code of Corporate Governance for Listed Companies" and other relevant regulations, the Company plans to purchase liability insurance for all directors and senior management. The relevant matters are hereby announced as follows:
I. Liability Insurance Plan (I) Insurer: Guangzhou Yichang Technology Co., Ltd. (II) Insured: The Company and all directors and senior management (III) Compensation Limit: The compensation limit per incident and in aggregate shall not exceed RMB 30 million. (IV) Insurance Premium: Not exceeding RMB 130,000 per year (subject to the final quotation from the insurance company). (V) Insurance Period: 12 months/term (renewable or re-insurable annually thereafter).