Sanneng-KY Announces Board Resolution to Lift Non-Competition Restrictions on Executives
Key facts
- Sanneng-KY Announces Board Resolution to Lift Non-Competition Restrictions on Executives
- Sanneng-KY's board has resolved to lift non-competition restrictions for key executives, allowing them to concurrently serve in mainland China subsidiaries engaged in similar businesses. The company states there will be no financial or operational impact.
- Source: PR Times
- Date: June 26, 2026
Direct answer
Sanneng-KY's board has resolved to lift non-competition restrictions for key executives, allowing them to concurrently serve in mainland China subsidiaries engaged in similar businesses. The company states there will be no financial or operational impact.
- Citation
- Sanneng-KY Announces Board Resolution to Lift Non-Competition Restrictions on Executives (June 26, 2026), PR Times
- Source
- PR Times
- Date
- June 26, 2026
Sanneng-KY's board has resolved to lift non-competition restrictions for key executives, allowing them to concurrently serve in mainland China subsidiaries engaged in similar businesses. The company states there will be no financial or operational impact.
📋 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: June 26, 2026
2. Names and Titles of Managers Permitted to Engage in Competitive Activities:
- Hsiao Kai-Feng, Chief Executive Officer, Sanneng Group Holdings Co., Ltd.
- Chang Chih-Hao, Director of Marketing Center, Sanneng Group Holdings Co., Ltd.
- Hsu Ching-He, Director of R&D Center, Sanneng Group Holdings Co., Ltd.
- Chang Hsin-Yi, Chief of Staff and Director of Management Center, Sanneng Group Holdings Co., Ltd.
3. Permitted Competitive Activities:
Concurrently serving as director, supervisor, or manager in companies engaged in businesses identical or similar to those of the company.
4. Duration of Permitted Competitive Activities:
Throughout the tenure of their managerial positions at the company.
5. Voting Outcome (as required by Article 32 of the Company Act):
The resolution was unanimously approved by all attending directors without objection.
6. Managers Engaging in Competitive Activities Involving Mainland China Enterprises (Enter 'Not Applicable' if not applicable):
- Hsiao Kai-Feng, Chief Executive Officer, Sanneng Group Holdings Co., Ltd.
- Chang Chih-Hao, Director of Marketing Center, Sanneng Group Holdings Co., Ltd.
- Chang Hsin-Yi, Chief of Staff and Director of Management Center, Sanneng Group Holdings Co., Ltd.
7. Mainland China Enterprises and Positions Held:
Hsiao Kai-Feng:
(1) Director, Sanneng Utensils (Wuxi) Co., Ltd.
(2) Supervisor, Xinneng Utensils (Wuxi) Co., Ltd.
(3) Director, Wuxi Skyer Trading Co., Ltd.
(4) Director, Sanneng Bakery Utensils (Guangzhou) Co., Ltd.
Chang Chih-Hao:
(1) Director and Executive Assistant to Chairman, Sanneng Utensils (Wuxi) Co., Ltd.
(2) Chairman, Xinneng Utensils (Wuxi) Co., Ltd.
(3) Chairman and General Manager, Wuxi Skyer Trading Co., Ltd.
(4) Chairman, Sanneng Bakery Utensils (Guangzhou) Co., Ltd.
Chang Hsin-Yi:
(1) Director, Xinneng Utensils (Wuxi) Co., Ltd.
(2) Supervisor, Sanneng Bakery Utensils (Guangzhou) Co., Ltd.
8. Addresses of Mainland China Enterprises:
(1) Sanneng Utensils (Wuxi) Co., Ltd.: No. 316, Youyi North Road, Xishan Economic Development Zone, Wuxi, Jiangsu Province
(2) Xinneng Utensils (Wuxi) Co., Ltd.: No. 316, Youyi North Road, Xishan Economic Development Zone, Wuxi, Jiangsu Province
(3) Wuxi Skyer Trading Co., Ltd.: No. 316, Youyi North Road, Xishan Economic Development Zone, Wuxi, Jiangsu Province
(4) Sanneng Bakery Utensils (Guangzhou) Co., Ltd.: Building 11, Phase II, Huachuang Animation Industrial Park, Jinshan Village, Shiqi Town, Panyu District, Guangzhou, Guangdong Province
9. Business Activities of Mainland China Enterprises:
(1) Sanneng Utensils (Wuxi) Co., Ltd.: R&D, manufacturing, and sales of bakery utensils
(2) Xinneng Utensils (Wuxi) Co., Ltd.: Manufacturing and sales of bakery utensils
(3) Wuxi Skyer Trading Co., Ltd.: Sales of bakery utensils, ingredients, packaging materials, and cake decoration supplies
(4) Sanneng Bakery Utensils (Guangzhou) Co., Ltd.: Sales of bakery utensils, ingredients, and packaging materials
10. Impact on the Company's Financial and Operational Status:
No impact.
11. Investment Amount and Shareholding Ratio by Managers in Mainland China Enterprises:
None.
12. Other Matters to be Disclosed:
None.
2. Names and Titles of Managers Permitted to Engage in Competitive Activities:
- Hsiao Kai-Feng, Chief Executive Officer, Sanneng Group Holdings Co., Ltd.
- Chang Chih-Hao, Director of Marketing Center, Sanneng Group Holdings Co., Ltd.
- Hsu Ching-He, Director of R&D Center, Sanneng Group Holdings Co., Ltd.
- Chang Hsin-Yi, Chief of Staff and Director of Management Center, Sanneng Group Holdings Co., Ltd.
3. Permitted Competitive Activities:
Concurrently serving as director, supervisor, or manager in companies engaged in businesses identical or similar to those of the company.
4. Duration of Permitted Competitive Activities:
Throughout the tenure of their managerial positions at the company.
5. Voting Outcome (as required by Article 32 of the Company Act):
The resolution was unanimously approved by all attending directors without objection.
6. Managers Engaging in Competitive Activities Involving Mainland China Enterprises (Enter 'Not Applicable' if not applicable):
- Hsiao Kai-Feng, Chief Executive Officer, Sanneng Group Holdings Co., Ltd.
- Chang Chih-Hao, Director of Marketing Center, Sanneng Group Holdings Co., Ltd.
- Chang Hsin-Yi, Chief of Staff and Director of Management Center, Sanneng Group Holdings Co., Ltd.
7. Mainland China Enterprises and Positions Held:
Hsiao Kai-Feng:
(1) Director, Sanneng Utensils (Wuxi) Co., Ltd.
(2) Supervisor, Xinneng Utensils (Wuxi) Co., Ltd.
(3) Director, Wuxi Skyer Trading Co., Ltd.
(4) Director, Sanneng Bakery Utensils (Guangzhou) Co., Ltd.
Chang Chih-Hao:
(1) Director and Executive Assistant to Chairman, Sanneng Utensils (Wuxi) Co., Ltd.
(2) Chairman, Xinneng Utensils (Wuxi) Co., Ltd.
(3) Chairman and General Manager, Wuxi Skyer Trading Co., Ltd.
(4) Chairman, Sanneng Bakery Utensils (Guangzhou) Co., Ltd.
Chang Hsin-Yi:
(1) Director, Xinneng Utensils (Wuxi) Co., Ltd.
(2) Supervisor, Sanneng Bakery Utensils (Guangzhou) Co., Ltd.
8. Addresses of Mainland China Enterprises:
(1) Sanneng Utensils (Wuxi) Co., Ltd.: No. 316, Youyi North Road, Xishan Economic Development Zone, Wuxi, Jiangsu Province
(2) Xinneng Utensils (Wuxi) Co., Ltd.: No. 316, Youyi North Road, Xishan Economic Development Zone, Wuxi, Jiangsu Province
(3) Wuxi Skyer Trading Co., Ltd.: No. 316, Youyi North Road, Xishan Economic Development Zone, Wuxi, Jiangsu Province
(4) Sanneng Bakery Utensils (Guangzhou) Co., Ltd.: Building 11, Phase II, Huachuang Animation Industrial Park, Jinshan Village, Shiqi Town, Panyu District, Guangzhou, Guangdong Province
9. Business Activities of Mainland China Enterprises:
(1) Sanneng Utensils (Wuxi) Co., Ltd.: R&D, manufacturing, and sales of bakery utensils
(2) Xinneng Utensils (Wuxi) Co., Ltd.: Manufacturing and sales of bakery utensils
(3) Wuxi Skyer Trading Co., Ltd.: Sales of bakery utensils, ingredients, packaging materials, and cake decoration supplies
(4) Sanneng Bakery Utensils (Guangzhou) Co., Ltd.: Sales of bakery utensils, ingredients, and packaging materials
10. Impact on the Company's Financial and Operational Status:
No impact.
11. Investment Amount and Shareholding Ratio by Managers in Mainland China Enterprises:
None.
12. Other Matters to be Disclosed:
None.
FAQ
Where is Sanneng-KY headquartered?
Headquartered in Taiwan with multiple subsidiaries in mainland China.
Who is affected by the non-compete waiver?
Four executives, including the CEO, can now hold concurrent roles in mainland firms.
What does this mean for investors?
Signals operational efficiency but requires monitoring of governance risks.