San Neng-KY Announces Approval of Non-Compete Waiver for Executive at Key Subsidiary San Neng Wuxi Co., Ltd.
Key facts
- San Neng-KY Announces Approval of Non-Compete Waiver for Executive at Key Subsidiary San Neng Wuxi Co., Ltd.
- San Neng-KY has announced that its key subsidiary, San Neng Wuxi Co., Ltd., approved the waiver of non-compete obligations for General Manager Hua Weiqin during the board meeting held on June 26, 2026. The resolution was passed unanimously, allowing Hua to concurrently serve in similar businesses, with no expected impact on financial or operational performance.
- Source: PR Times
- Date: June 26, 2026
Direct answer
San Neng-KY has announced that its key subsidiary, San Neng Wuxi Co., Ltd., approved the waiver of non-compete obligations for General Manager Hua Weiqin during the board meeting held on June 26, 2026. The resolution was passed unanimously, allowing Hua to concurrently serve in similar businesses, with no expected impact on financial or operational performance.
- Citation
- San Neng-KY Announces Approval of Non-Compete Waiver for Executive at Key Subsidiary San Neng Wuxi Co., Ltd. (June 26, 2026), PR Times
- Source
- PR Times
- Date
- June 26, 2026
San Neng-KY has announced that its key subsidiary, San Neng Wuxi Co., Ltd., approved the waiver of non-compete obligations for General Manager Hua Weiqin during the board meeting held on June 26, 2026. The resolution was passed unanimously, allowing Hua to concurrently serve in similar businesses, with no expected impact on financial or operational performance.
📋 Article Processing Timeline
- 📰 Published: June 26, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 17:52 (52 min after Collected)
1. Board Resolution Date: 115/06/26
2. Name and Title of Executive Permitted to Engage in Competitive Activities:
Hua Weiqin, General Manager of San Neng Wuxi Co., Ltd.
3. Permitted Competitive Activities:
Concurrently serving as director, supervisor, or manager in companies with similar or identical business nature to the company
4. Duration of Permitted Competitive Activities:
During the period of serving as an executive at the company
5. Resolution Outcome (Voting Results per Article 32 of the Company Act): Unanimously approved by all attending directors
6. Name and Title of Executive if the Permitted Competitive Activity Involves Businesses in Mainland China (Enter 'Not Applicable' if not applicable):
Hua Weiqin, General Manager of San Neng Wuxi Co., Ltd.
7. Company Name and Position Held in the Mainland China Business:
(1) Supervisor at Wuxi Skyer Trading Co., Ltd.
(2) Director at San Neng Bakery Ware (Guangzhou) Co., Ltd.
8. Address of the Mainland China Business:
(1) Wuxi Skyer Trading Co., Ltd.: No. 316, Youyi North Road, Xishan District, Wuxi City, Jiangsu Province
(2) San Neng Bakery Ware (Guangzhou) Co., Ltd.: Building 11, Phase II, Huachuang Animation Industrial Park, Jinshan Village, Shiqi Town, Panyu District, Guangzhou City, Guangdong Province
9. Business Scope of the Mainland China Business:
(1) Wuxi Skyer Trading Co., Ltd.: Sale of bakery tools, raw ingredients, packaging materials, and cake decoration supplies
(2) San Neng Bakery Ware (Guangzhou) Co., Ltd.: Sale of bakery tools, raw ingredients, and packaging materials
10. Impact on the Company's Financial and Operational Performance: None
11. If the Executive has Invested in the Mainland China Business, Investment Amount and Shareholding Ratio: None
12. Other Matters to be Disclosed: None
2. Name and Title of Executive Permitted to Engage in Competitive Activities:
Hua Weiqin, General Manager of San Neng Wuxi Co., Ltd.
3. Permitted Competitive Activities:
Concurrently serving as director, supervisor, or manager in companies with similar or identical business nature to the company
4. Duration of Permitted Competitive Activities:
During the period of serving as an executive at the company
5. Resolution Outcome (Voting Results per Article 32 of the Company Act): Unanimously approved by all attending directors
6. Name and Title of Executive if the Permitted Competitive Activity Involves Businesses in Mainland China (Enter 'Not Applicable' if not applicable):
Hua Weiqin, General Manager of San Neng Wuxi Co., Ltd.
7. Company Name and Position Held in the Mainland China Business:
(1) Supervisor at Wuxi Skyer Trading Co., Ltd.
(2) Director at San Neng Bakery Ware (Guangzhou) Co., Ltd.
8. Address of the Mainland China Business:
(1) Wuxi Skyer Trading Co., Ltd.: No. 316, Youyi North Road, Xishan District, Wuxi City, Jiangsu Province
(2) San Neng Bakery Ware (Guangzhou) Co., Ltd.: Building 11, Phase II, Huachuang Animation Industrial Park, Jinshan Village, Shiqi Town, Panyu District, Guangzhou City, Guangdong Province
9. Business Scope of the Mainland China Business:
(1) Wuxi Skyer Trading Co., Ltd.: Sale of bakery tools, raw ingredients, packaging materials, and cake decoration supplies
(2) San Neng Bakery Ware (Guangzhou) Co., Ltd.: Sale of bakery tools, raw ingredients, and packaging materials
10. Impact on the Company's Financial and Operational Performance: None
11. If the Executive has Invested in the Mainland China Business, Investment Amount and Shareholding Ratio: None
12. Other Matters to be Disclosed: None
FAQ
Who was granted the waiver of non-compete obligation?
Hua Weiqin, General Manager of San Neng Wuxi Co., Ltd.
Which companies is he concurrently serving?
Wuxi Skyer Trading Co., Ltd. and San Neng Bakery Ware (Guangzhou) Co., Ltd.
What is the impact of this decision?
The company states there is no impact on its financial or operational performance.