YZi Labs has reached a cooperation agreement with CEA Industries to terminate the agency rights dispute

BNB Financial Company CEA Industries announced a cooperation agreement with YZi Labs, and both parties will jointly promote the adjustment of the BNC governance structure. According to the agreement, Ella Zhang, Alex Odagiu, and Matthew Roszak have been appointed as company directors, and both parties will jointly select an independent director with experience in digital assets, capital markets, and governance of listed companies.

At the same time, the board of directors will establish a CEO selection committee, with YZi Labs partner Alex Odagiu serving as interim president until a new CEO is appointed. As part of the agreement, YZi Labs will terminate the previous consent solicitation and withdraw related requests. CEA Industries stated that this move will help strengthen corporate governance and enhance its ability to execute long-term strategies around the BNB ecosystem.