Sanyang Industries Announces Shareholder Meeting Resolution to Lift Non-Compete Restrictions for Directors
Key facts
- Sanyang Industries Announces Shareholder Meeting Resolution to Lift Non-Compete Restrictions for Directors
- On June 26, 2026, Sanyang Industries' annual general meeting resolved to lift non-compete restrictions for eight directors, permitting them to hold concurrent positions in affiliated companies such as Nanyang Enterprise, Taiwan Nonglin, and Xiamen SYM Motor. The company confirms no financial or operational impact from this decision.
- Source: PR Times
- Date: June 26, 2026
Direct answer
On June 26, 2026, Sanyang Industries' annual general meeting resolved to lift non-compete restrictions for eight directors, permitting them to hold concurrent positions in affiliated companies such as Nanyang Enterprise, Taiwan Nonglin, and Xiamen SYM Motor. The company confirms no financial or operational impact from this decision.
- Citation
- Sanyang Industries Announces Shareholder Meeting Resolution to Lift Non-Compete Restrictions for Directors (June 26, 2026), PR Times
- Source
- PR Times
- Date
- June 26, 2026
On June 26, 2026, Sanyang Industries' annual general meeting resolved to lift non-compete restrictions for eight directors, permitting them to hold concurrent positions in affiliated companies such as Nanyang Enterprise, Taiwan Nonglin, and Xiamen SYM Motor. The company confirms no financial or operational impact from this decision.
📋 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 18:12 (1h 11m after Collected)
1. Shareholder Meeting Resolution Date: 115/06/26
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Director: Wu Qingyuan
(2) Director: Wu Lizhu, Representative of Qianjing Investment Co., Ltd.
(3) Director: Wu Yicheng, Representative of Qianjing Investment Co., Ltd.
(4) Director: Huang Yuchang, Representative of Zhaoyao Investment Co., Ltd.
(5) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd.
(6) Independent Director: Shi Zhongchuan
(7) Independent Director: Chen Fuwei
(8) Independent Director: Wei Xinghai
3. Approved Competitive Activities:
(1) Director: Wu Qingyuan
Taiwan Nonglin Co., Ltd. – Chairman
Xiamen SYM Motor Co., Ltd. – Chairman
Nanyang Enterprise Co., Ltd. – Chairman
Asia Fu Co., Ltd. – Director
Asia Fu Energy Storage Co., Ltd. – Director
Qingda Investment Co., Ltd. – Chairman
Qingzhao Investment Co., Ltd. – Director
Haohan Industrial Product Design (Shanghai) Co., Ltd. – Director
Chinyang Technology Co., Ltd. – Director
Jiuxing Biotech Co., Ltd. – Chairman
Jiuding Development & Construction Co., Ltd. – Director
(2) Director: Wu Lizhu, Representative of Qianjing Investment Co., Ltd.
Nanyang Enterprise Co., Ltd. – Vice Chairman
Nanyang Insurance Agency Co., Ltd. – Chairman
Xiamen SYM Motor Co., Ltd. – Director
Vietnam Vinh Chau Technology Co., Ltd. – Director
Vietnam Manufacturing & Processing Export (Holdings) Co., Ltd. – Non-Executive Director
Nanyang Holding Co., Ltd. – Director
Shimeng Construction Co., Ltd. – Chairman
Sanxin Development & Consulting Co., Ltd. – Director
(3) Director: Wu Yicheng, Representative of Qianjing Investment Co., Ltd.
Nanyang Enterprise Co., Ltd. – Director
Xiamen Qungeng Industrial Co., Ltd. – Chairman
Xiamen SYM Trading Co., Ltd. – Director
Haohan Industrial Product Design (Shanghai) Co., Ltd. – Director
(4) Director: Huang Yuchang, Representative of Zhaoyao Investment Co., Ltd.
Taiwan Nonglin Co., Ltd. – Director
Quanmei Construction Co., Ltd. – Director
(5) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd.
Changzhou Nanyang Auto Sales & Service Co., Ltd. – Chairman
Samsun Machinery Industry Co., Ltd. – Chairman
Xiamen Samsun Machinery Industry Co., Ltd. – Chairman
Vietnam Samsun Industry Co., Ltd. – Chairman
Jingshan Environmental Protection Technology Co., Ltd. – Chairman
Wuding Biotechnology Co., Ltd. – Director
Nanyang Enterprise Co., Ltd. – Director
Rongzhang Industrial Co., Ltd. – Director
Asia Fu Co., Ltd. – Director
Asia Fu Energy Storage Co., Ltd. – Director
Qiaosong Health Co., Ltd. – Director
(6) Independent Director: Shi Zhongchuan
Ingel Technology Co., Ltd. – Independent Director
(7) Independent Director: Chen Fuwei
Siwei Co., Ltd. – Independent Director
Standard Chartered Bank Taiwan Limited – Independent Director
(8) Independent Director: Wei Xinghai
Taiwan Port Construction Co., Ltd. – Independent Director
Advantech Co., Ltd. – Independent Director
Zyxel Investment Holding Co., Ltd. – Independent Director
4. Duration of Approved Competitive Activities: Throughout their tenure as directors of the company.
5. Resolution Outcome (Pursuant to Article 209 of the Company Act):
The resolution was approved by a majority of attending shareholders, with over two-thirds of issued shares represented, passing as proposed.
6. Directors Engaging in Competitive Activities in Mainland China-Based Businesses (Enter 'Not Applicable' if none):
(1) Director: Wu Qingyuan
(2) Director: Wu Lizhu, Representative of Qianjing Investment Co., Ltd.
(3) Director: Wu Yicheng, Representative of Qianjing Investment Co., Ltd.
(4) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd.
7. Mainland China-Based Companies and Positions Held:
(1) Director: Wu Qingyuan
Xiamen SYM Motor Co., Ltd. – Chairman
Haohan Industrial Product Design (Shanghai) Co., Ltd. – Director
(2) Director: Wu Lizhu, Representative of Qianjing Investment Co., Ltd.
Xiamen SYM Motor Co., Ltd. – Director
(3) Director: Wu Yicheng, Representative of Qianjing Investment Co., Ltd.
Xiamen Qungeng Industrial Co., Ltd. – Chairman
Xiamen SYM Trading Co., Ltd. – Director
Haohan Industrial Product Design (Shanghai) Co., Ltd. – Director
(4) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd.
Changzhou Nanyang Auto Sales & Service Co., Ltd. – Chairman
Xiamen Samsun Machinery Industry Co., Ltd. – Chairman
8. Addresses of Mainland China-Based Businesses:
(1) Xiamen SYM Motor Co., Ltd.
No. 99, Xibin Road, Xinglin, Jimei District, Xiamen
(2) Haohan Industrial Product Design (Shanghai) Co., Ltd.
No. 46, Yuanda Road, Anting Town, Jiading District, Shanghai International Automobile City Parts Industrial Park
(3) Xiamen Qungeng Industrial Co., Ltd.
No. 99-10, Xibin Road, Jimei District, Xiamen
(4) Xiamen SYM Trading Co., Ltd.
No. 99-1, Xibin Road, Jimei District, Xiamen
(5) Changzhou Nanyang Auto Sales & Service Co., Ltd.
No. 23, Zonglu Road, Zhonglou District, Changzhou
(6) Xiamen Samsun Machinery Industry Co., Ltd.
No. 62-70, Tianyang Road, Jimei District, Xiamen
9. Business Activities of Mainland China-Based Entities:
(1) Xiamen SYM Motor Co., Ltd.:
Manufacturing and sales of motorcycles and parts
(2) Haohan Industrial Product Design (Shanghai) Co., Ltd.
Industrial product design
(3) Xiamen Qungeng Industrial Co., Ltd.
Manufacturing and sales of motorcycle components
(4) Xiamen SYM Trading Co., Ltd.
Retail and wholesale of motorcycles and parts
(5) Changzhou Nanyang Auto Sales & Service Co., Ltd.
Retail of automobiles and parts
(6) Xiamen Samsun Machinery Industry Co., Ltd.
Manufacturing, processing, and trading of motorcycle parts
10. Impact on Company's Financial and Business Operations: None
11. Directors' Investment Amounts and Shareholding Ratios in Mainland China Businesses: None
12. Other Matters to Be Disclosed: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Director: Wu Qingyuan
(2) Director: Wu Lizhu, Representative of Qianjing Investment Co., Ltd.
(3) Director: Wu Yicheng, Representative of Qianjing Investment Co., Ltd.
(4) Director: Huang Yuchang, Representative of Zhaoyao Investment Co., Ltd.
(5) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd.
(6) Independent Director: Shi Zhongchuan
(7) Independent Director: Chen Fuwei
(8) Independent Director: Wei Xinghai
3. Approved Competitive Activities:
(1) Director: Wu Qingyuan
Taiwan Nonglin Co., Ltd. – Chairman
Xiamen SYM Motor Co., Ltd. – Chairman
Nanyang Enterprise Co., Ltd. – Chairman
Asia Fu Co., Ltd. – Director
Asia Fu Energy Storage Co., Ltd. – Director
Qingda Investment Co., Ltd. – Chairman
Qingzhao Investment Co., Ltd. – Director
Haohan Industrial Product Design (Shanghai) Co., Ltd. – Director
Chinyang Technology Co., Ltd. – Director
Jiuxing Biotech Co., Ltd. – Chairman
Jiuding Development & Construction Co., Ltd. – Director
(2) Director: Wu Lizhu, Representative of Qianjing Investment Co., Ltd.
Nanyang Enterprise Co., Ltd. – Vice Chairman
Nanyang Insurance Agency Co., Ltd. – Chairman
Xiamen SYM Motor Co., Ltd. – Director
Vietnam Vinh Chau Technology Co., Ltd. – Director
Vietnam Manufacturing & Processing Export (Holdings) Co., Ltd. – Non-Executive Director
Nanyang Holding Co., Ltd. – Director
Shimeng Construction Co., Ltd. – Chairman
Sanxin Development & Consulting Co., Ltd. – Director
(3) Director: Wu Yicheng, Representative of Qianjing Investment Co., Ltd.
Nanyang Enterprise Co., Ltd. – Director
Xiamen Qungeng Industrial Co., Ltd. – Chairman
Xiamen SYM Trading Co., Ltd. – Director
Haohan Industrial Product Design (Shanghai) Co., Ltd. – Director
(4) Director: Huang Yuchang, Representative of Zhaoyao Investment Co., Ltd.
Taiwan Nonglin Co., Ltd. – Director
Quanmei Construction Co., Ltd. – Director
(5) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd.
Changzhou Nanyang Auto Sales & Service Co., Ltd. – Chairman
Samsun Machinery Industry Co., Ltd. – Chairman
Xiamen Samsun Machinery Industry Co., Ltd. – Chairman
Vietnam Samsun Industry Co., Ltd. – Chairman
Jingshan Environmental Protection Technology Co., Ltd. – Chairman
Wuding Biotechnology Co., Ltd. – Director
Nanyang Enterprise Co., Ltd. – Director
Rongzhang Industrial Co., Ltd. – Director
Asia Fu Co., Ltd. – Director
Asia Fu Energy Storage Co., Ltd. – Director
Qiaosong Health Co., Ltd. – Director
(6) Independent Director: Shi Zhongchuan
Ingel Technology Co., Ltd. – Independent Director
(7) Independent Director: Chen Fuwei
Siwei Co., Ltd. – Independent Director
Standard Chartered Bank Taiwan Limited – Independent Director
(8) Independent Director: Wei Xinghai
Taiwan Port Construction Co., Ltd. – Independent Director
Advantech Co., Ltd. – Independent Director
Zyxel Investment Holding Co., Ltd. – Independent Director
4. Duration of Approved Competitive Activities: Throughout their tenure as directors of the company.
5. Resolution Outcome (Pursuant to Article 209 of the Company Act):
The resolution was approved by a majority of attending shareholders, with over two-thirds of issued shares represented, passing as proposed.
6. Directors Engaging in Competitive Activities in Mainland China-Based Businesses (Enter 'Not Applicable' if none):
(1) Director: Wu Qingyuan
(2) Director: Wu Lizhu, Representative of Qianjing Investment Co., Ltd.
(3) Director: Wu Yicheng, Representative of Qianjing Investment Co., Ltd.
(4) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd.
7. Mainland China-Based Companies and Positions Held:
(1) Director: Wu Qingyuan
Xiamen SYM Motor Co., Ltd. – Chairman
Haohan Industrial Product Design (Shanghai) Co., Ltd. – Director
(2) Director: Wu Lizhu, Representative of Qianjing Investment Co., Ltd.
Xiamen SYM Motor Co., Ltd. – Director
(3) Director: Wu Yicheng, Representative of Qianjing Investment Co., Ltd.
Xiamen Qungeng Industrial Co., Ltd. – Chairman
Xiamen SYM Trading Co., Ltd. – Director
Haohan Industrial Product Design (Shanghai) Co., Ltd. – Director
(4) Director: Tian Renhao, Representative of Zhaoyao Investment Co., Ltd.
Changzhou Nanyang Auto Sales & Service Co., Ltd. – Chairman
Xiamen Samsun Machinery Industry Co., Ltd. – Chairman
8. Addresses of Mainland China-Based Businesses:
(1) Xiamen SYM Motor Co., Ltd.
No. 99, Xibin Road, Xinglin, Jimei District, Xiamen
(2) Haohan Industrial Product Design (Shanghai) Co., Ltd.
No. 46, Yuanda Road, Anting Town, Jiading District, Shanghai International Automobile City Parts Industrial Park
(3) Xiamen Qungeng Industrial Co., Ltd.
No. 99-10, Xibin Road, Jimei District, Xiamen
(4) Xiamen SYM Trading Co., Ltd.
No. 99-1, Xibin Road, Jimei District, Xiamen
(5) Changzhou Nanyang Auto Sales & Service Co., Ltd.
No. 23, Zonglu Road, Zhonglou District, Changzhou
(6) Xiamen Samsun Machinery Industry Co., Ltd.
No. 62-70, Tianyang Road, Jimei District, Xiamen
9. Business Activities of Mainland China-Based Entities:
(1) Xiamen SYM Motor Co., Ltd.:
Manufacturing and sales of motorcycles and parts
(2) Haohan Industrial Product Design (Shanghai) Co., Ltd.
Industrial product design
(3) Xiamen Qungeng Industrial Co., Ltd.
Manufacturing and sales of motorcycle components
(4) Xiamen SYM Trading Co., Ltd.
Retail and wholesale of motorcycles and parts
(5) Changzhou Nanyang Auto Sales & Service Co., Ltd.
Retail of automobiles and parts
(6) Xiamen Samsun Machinery Industry Co., Ltd.
Manufacturing, processing, and trading of motorcycle parts
10. Impact on Company's Financial and Business Operations: None
11. Directors' Investment Amounts and Shareholding Ratios in Mainland China Businesses: None
12. Other Matters to Be Disclosed: None
FAQ
What does Sanyang Industries do?
A leading Taiwanese manufacturer of motorcycles, industrial machinery, and automotive parts.
Why lift non-compete restrictions?
To enhance synergy across affiliated companies and leverage directors' expertise.
Does this affect shareholders?
The company states no financial impact, so short-term effects are minimal.
Are mainland China ties legally compliant?
Yes, fully disclosed under Taiwan corporate law and regulations.
What comes next for the group?
Expect deeper collaboration in R&D and production among affiliated firms.