PANews reported on February 10 that YZi Labs issued an open letter responding to the statement from the CEA Industries board of directors, stating that the so-called "secret agreement" does not exist and that the board was already aware of and approved the agreement's contents. YZi Labs confirmed that the Strategic Services Agreement (SSA) terminated on December 11, 2025, and notified the board of directors on December 13, questioning the board's inaccurate information and governance practices in the statement.
YZi Labs has demanded that its board of directors immediately clarify the erroneous statements, fully disclose the relevant transaction details, and earnestly safeguard the interests of shareholders; otherwise, it will take action to replace board members to ensure corporate governance.
